18 Sherman Ave

Morris Twp, NJ 07950


 

Price: $1,095,000

GSMLS:  4060667
Type: Multi-Family
Style: 1-One Story, Duplex-Side by Side
Total Units: 3
Beds: 7
Baths: 3 Full & 2 Half
Garage: 2-Car
Year Built: 1928
Acres: 0.17
Property Tax: $9,359
Description
Open House Saturday 11AM–12:30PM.
RARE THREE UNIT INVESTMENT OPPORTUNITY IN MORRIS PLAINS!GREAT INCOME POTENTIAL! A phenomenal opportunity for investors seeking to expand their portfolio with a unique, income-producing property in Morris Plains! Featuring two separate homes on 1 lot, a duplex and a SF/Home, low property taxes, long-term tenants already in place, and a prime location within walking distance to direct train service to NYC, this property offers an attractive combination of convenience and investment potential.The main residence features a side-by-side duplex with 3 bedrooms, 1.5 baths each, and a spacious basement providing abundant storage. A brand-new roof installed in October 2026 adds further appeal. The separate rear cottage was beautifully renovated in 2024 and offers 1 bedroom, a generously sized living/dining area, and a spacious primary bedroom.Additional highlights include ample off-street parking and private rear patio areas for each residence, providing desirable outdoor space and added tenant appeal.With long-term tenants in place, convenient access to NYC transportation, and the advantage of relatively low property taxes, this distinctive 3 unit property presents an exciting opportunity for investors looking to build long-term wealth through real estate. Explore the income potential, evaluate the numbers, and discover the possibilities this exceptional investment has to offer!Two homes. A compelling opportunity to grow your portfolio in Morris Plains! Not to be missed!
General Info
Style:
1-One Story, Duplex-Side by Side
SqFt Building:
n/a
Total Rooms:
15
Basement:
Yes - Unfinished
Interior:
Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Wood Floors
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
n/a
Lot Desc:
Level Lot
Parking
Garage Capacity:
2-Car
Description:
Detached Garage
Parking:
1 Car Width
Spaces Available:
6
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room, Storage, Utility Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Kitchen, Laundry Room, Storage, Utility Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living/Dining Room, Master Bedroom, Utility Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Kitchen Exhaust Fan, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units
Heating Fuel:
Electric, Gas-Natural
Cooling:
None
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
Alfred Vail School (K-2)
Middle:
Frelinghuysen Middle School (6-8)
High School:
Morristown High School (9-12)
Community Information
County:
Morris
Town:
Morris Twp.
Neighborhood:
Morris Plains
Financial Considerations
List Price:
$1,095,000
Tax Amount:
$9,359
Land Assessment:
$206,500
Build. Assessment:
$269,100
Total Assessment:
$475,600
Tax Rate:
1.97
Tax Year:
2025
Listing Information
MLS ID:
4060667
List Date:
10-22-2026
Days On Market:
0
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Juliana Pirtea
 

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Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: FoxHomeHunter.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
Office: (973) 598-1008


Shawn and Diane Fox
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