18 Sherman Ave Morris Township, NJ $ 1,095,000
18 Sherman Ave
$ 1,095,000
Open House 10/24 11am - 12:30pm
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18 Sherman Ave

Morris Township, NJ, 07950
$ 1,095,000
Bedrooms7 Baths3.2

Monthly Estimate*

$ 7,563

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Multi-Family Home for sale in Morris Township, NJ

for $1,095,000 with 7 bedrooms and 3 full baths, 2 half baths. This home was built in 1928 on a lot size of 0.17.

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 each with 3 bedrooms, 1.5 baths, 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, 1 bath ,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!

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Open House

10/24/2026 11:00 AM - 12:30 PM
10/25/2026 1:30 PM - 3:30 PM
18 Sherman Ave Morris Township, NJ
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Coming Soon

Price

$ 1,095,000

Bedrooms

7

Full Bath

3

Half Bath

2

Property Type

Multi-Family

Taxes

$ 9,359

Style

1-One Story, Duplex-Side by Side

Lot Size

0.17

Year Built

1928

Town/City

Morris Township

County/Region

Morris

MLS | Web ID

4060667

Features
Interior
Interior Amenities Carbon Monoxide Detector Carpeting Fire Extinguisher Smoke Detector Wood Floors
Basement Unfinished
Unit 1 Baths Total 1.1
Unit 1 Beds Total 3
Unit 2 Baths Total 1.1
Unit 2 Beds Total 3
Unit 3 Baths Total 1.0
Unit 3 Beds Total 1
Fuel Type Electric Gas-Natural
Half Baths 2
Total Bedrooms 7
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General
Sewer Public Sewer
Heating 3 Units
Cooling None
Utilities Electric Gas-Natural
Possession TBD
Roof Asphalt Shingle
Water Heater Gas
Garage Spaces 2
Architectural Style 1-One Story Duplex-Side by Side
Year Built 1928
Garage Detached Garage
Township Morris Twp.
Tax Year 2025
Gross Income 104400
County Morris
Net Operating Income 86581
Operating Expense 17818
Subdivision Name Morris Plains
Total Rooms 15
Full Baths 3
Status Coming Soon
Directions Speedwell Ave to Sherman Ave
High School Morristown
Open Parking Spaces 6
Number Of Units Total 3
Elementary School Alfredvail
Tax Annual Amount 9359
Middle/Junior High School Frelghuysn
Drive 1 Car Width
Standard Status Coming Soon
Tax Assessed Value 475600
Town # 2324
Tax Lot 29
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Exterior
Exterior Amenities Patio
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
JULIANA PIRTEA

Listing Agent

Coldwell Banker Realty

Broker

juliana.pirtea@cbmoves.com

Email

Affordability Calculator

$8,343
Per Month
91%
9%
0%
Monthly Principal & Interest
$7,563
Monthly Property Taxes
$780
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
3660145 Elementary School
289068 Middle School
Morristown High School High School
Pricing History
DatePricePrice ChangeDescription
10/22/2026$1,095,000 Listed Price

Map


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18 Sherman Ave, Morris Township, NJ, 07950 is a Multi-Family Home for sale at $1,095,000 with a lot size of 0.17. 18 Sherman Ave has 7 bedrooms, 3.2 baths, and was built in 1928. The property's zip code is 07950 which is in Morris Township, NJ