Under contract

$825,000

16 Sherman Ave, Morris Twp., NJ 07950

3beds

--sqft

Est.:

Multi Family

Built in 1937

-- sqft lot

$563,200 Zestimate^®

$--/sqft

$-- HOA

What's special

Full basementNew stove and fridge

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!

83 days

63

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

2 Units, Radiators - Steam, Natural Gas

Cooling

4+ Units, Window Unit(s)

Appliances

Included: Dishwasher, Range/Oven - Gas, Refrigerator, Gas Water Heater

Features

Den, Dining Room, Kitchen, Living Room, Master Bedroom, Bedrooms
Basement: Yes,Unfinished
Number of fireplaces: 1

Interior area

Total structure area: 0

Property

Parking

Total spaces: 4
Parking features: Crushed Stone, Detached Garage, Loft Storage
Garage spaces: 4
Uncovered spaces: 4

Lot

Size: 7,405.2 Square Feet
Dimensions: .165 AC
Features: Level

Details

Parcel number: 2322001090000000280000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1937

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected, Cable Available, Garbage Included

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector

Location

Region: Morris Plains

Financial & listing details

Tax assessed value: $384,500
Annual tax amount: $7,697
Date on market: 9/30/2025
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water

Estimated market value

$563,200

$467,000 - $670,000

$2,677/mo

Price history

Date	Event	Price
10/14/2025	Pending sale	$825,000
Source: GSMLS #3989718 Report a problem
9/30/2025	Listed for sale	$825,000+302.4%
Source: GSMLS #3989718 Report a problem
5/20/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
5/2/2021	Listed for rent	$1,595
Source: Zillow Rental Manager Report a problem
3/24/2021	Listing removed	--
Source: Owner Report a problem