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16 Sherman Ave Morris Township, NJ $ 825,000
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$ 825,000 Get more info
16 Sherman Ave
$ 825,000
Back to search
Share Save

16 Sherman Ave

Morris Township, NJ, 07950
$ 825,000
Bedrooms3 Baths2.0

Monthly Estimate*

$ 5,147

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Multi-Family Home for sale in Morris Township, NJ

for $825,000 with 3 bedrooms and 2 full baths. This home was built in 1937 on a lot size of 0.17.

Prime Morris Twp 2-Family with a 4 car detached garage with 2nd Floor storage. This turn-key asset presents significant value-add potential. The 1st Flr unit (1BR+Den) is rented below market at 60 day /mo. The VACANT 2nd Flr unit (2BR) is freshly painted with a new stove & fridge, ready for market. This upper unit also features a fantastic walk-up 3rd floor office/den. A landlord's dream with ALL SEPARATE UTILITIES and a NEW ROOF. Full basement with 2 sets of laundry hookups and dedicated tenant parking on-site. Meticulously maintained and in a fantastic location with a Morris Plains mailing address. This is the low-expense, high-potential investment you've been waiting for!

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Multi-Family Pending

Price

$ 825,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 7,697

Style

Under/Over

Lot Size

0.17

Year Built

1937

Town/City

Morris Township

County/Region

Morris

MLS | Web ID

3989718
Features
Interior
Interior Amenities Carbon Monoxide Detector Smoke Detector
Basement Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 1
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 3
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General
Sewer Public Sewer
Heating 2 Units Radiators - Steam
Cooling 4+ Units Window A/C(s)
Utilities Gas-Natural
Possession Jan. 2026
Roof Asphalt Shingle
Water Heater Gas
Garage Spaces 4
Architectural Style Under/Over
Year Built 1937
Garage Detached Garage Loft Storage
Township Morris Twp.
Tax Year 2024
Gross Income 0
County Morris
Net Operating Income 0
Operating Expense 0
Total Rooms 10
Full Baths 2
Status Under Contract
Directions Speedwell Ave to Sherman Ave
Open Parking Spaces 4
Number Of Units Total 2
Tax Annual Amount 7697
Drive Crushed Stone
Standard Status Under Contract
Tax Assessed Value 384500
Town # 2324
Tax Lot 28
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Exterior
Lot Features Level Lot
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions .165 AC
Lot Size Acres 0.17
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* Excluded Features
List By
RYAN BRUEN

Listing Agent

Coldwell Banker Realty

Broker

ryan@bruenrealestate.com

Email

Affordability Calculator

$5,788
Per Month
89%
11%
0%
Monthly Principal & Interest
$5,147
Monthly Property Taxes
$641
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/30/2025$825,000 Listed Price

Map

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16 Sherman Ave, Morris Township, NJ, 07950 is a Multi-Family Home for sale at $825,000 with a lot size of 0.17. 16 Sherman Ave has 3 bedrooms, 2.0 baths, and was built in 1937. The property's zip code is 07950 which is in Morris Township, NJ

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