Properties

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 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 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!

Features

  • Heating System : 3 Units
  • Basement : Unfinished
  • Roof Deck : Asphalt Shingle
  • Parking : 6
  • Parking Description: 1 Car Width
  • Interior Features: Carbon Monoxide Detector, Carpeting, Fire Extingui
  • Exterior Features: Patio
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 475600
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural
  • Internet

Additional Info

  • Office Name: COLDWELL BANKER REALTY
  • Office MLS ID: 002420
  • Agent ID: 300759
  • Tax: 9359
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$1,095,000

18 Sherman Ave, Morris Twp., *

  • SQFT 0.17 Acre
  • Bedroom 7
  • Built Year 1928

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5469331
  • Price: $1,095,000
  • Bedrooms: 7
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1928
  • Year Built Description: Approximate, Renovated
  • Lot Area: 0.17 Acre
  • Status: Active
  • Days On Market: 2

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Morris
  • City Morris Twp.
  • Zipcode *
  • Subdivision: Morris Plains
  • Street: Sherman Ave
  • Street Number: 18
  • Street Direction: Speedwell Ave to Sherman Ave
  • Floor Number: 0
  • Longitude: W75° 30' 57.2''
  • Latitude: N40° 49' 11.9''
  • Internet Display Address: Yes
Property