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18 Sherman AveMorris Twp., NJ 07950

Morris Plains · Morris County

$1,095,000List price
7Beds
4Baths3 full, 2 half
1928Year built
0.17Acre lot
2Garage
1Stories
2 weeks agoOn market

Description

RARE 3 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,2 garages, low property taxes, long-term tenants already in place, and a prime location with proximity 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 bdr, 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!

Property Information

Property type
Residential Income
Sub-type
Duplex
Style
1-One Story / Duplex-Side by Side
Year built
1928
Stories
1
Lot size
0.17 acres
Garage spaces
2
Days on market
16
MLS® Listing#
4060667

Property Features

Appliances
Gas Water Heater
Heating
Electric · Natural Gas
Flooring
Carpet
Basement
Unfinished
Parking
Detached
Patio
Patio
Lot features
Level
Construction
Vinyl Siding
Roof
Asphalt
Security
Smoke Detector(s)
Utilities
Natural Gas Available
Sewer
Public Sewer
Water source
Public

Schools

Elementary
Alfredvail
Middle
Frelghuysn
High
Morristown

Financial Details

Annual taxes
$9,359Tax year 2025
Assessed value
$475,600
Parcel number
2322-00109-0000-00029-0000-

Directions

Speedwell Ave to Sherman Ave

Listing Courtesy: COLDWELL BANKER REALTY - 9088794900

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