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$1,095,000
1 Day On Site

18 Sherman Ave
Morris Twp., NJ 07950

Duplex|Coming Soon
7
Beds
5
Total Baths
3
Full Baths
2
Partial Baths
1928
Built
Subdivision:
Morris Plains
County:
Morris

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Upcoming Open Houses
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Sat, Oct 24, 11:00 AM - 12:30 PM
Sun, Oct 25, 1:30 PM - 3:30 PM
18 Sherman Ave18 Sherman Ave18 Sherman Ave18 Sherman Ave
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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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Listing Snapshot
Price 
$1,095,000
Days On Site 
1 Day
Bedrooms 
7
Inside Area (SqFt) 
N/A
Total Baths 
5
Full Baths 
3
Partial Baths 
2
Lot Size 
0.17 Acres
Year Built 
1928
MLS Number 
4060667
Status 
Coming Soon
Property Tax 
$9,359
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
23 hours agoListing updated with changes from the MLS
yesterdayListing first seen on site
General Features
Acres 
0.17
Carport 
6
Garage 
Yes
Garage Spaces 
2
Number Of Stories 
1
Parking 
Detached
Parking Spaces 
6
Property Sub Type 
Duplex
Security 
Smoke Detector(s)
Sewer 
Public Sewer
Style 
1-One StoryDuplex-Side by Side
Utilities 
Natural Gas Available
Water Source 
Public
Interior Features
Appliances 
Gas Water Heater
Basement 
Unfinished
Flooring 
Carpet
Heating 
ElectricNatural Gas
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Exterior Features
Construction Details 
Vinyl Siding
Lot Features 
Level
Patio And Porch 
Patio
Roof 
Asphalt
Schools
School District
Unknown
Elementary School
Alfredvail
Middle School
Frelghuysn
High School
Morristown
Listing courtesy of COLDWELL BANKER REALTY

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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