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    16 Sherman Ave Morris Plains, NJ 07950

    For Sale
    $825,000

    Two-family property with separate utilities and a four-car garage.

    Lot size:
    0.17 Acres

    Property Features for 16 Sherman Ave

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1937

    Source: COLDWELL BANKER REALTY Agent SCOTT J BRUEN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Morris Township Two-Family Home

    This two-family property is located in Morris Township and features a four-car detached garage with second-floor storage. The first-floor unit, configured as a one-bedroom plus den, is currently rented. The vacant second-floor unit, featuring two bedrooms, has been freshly painted and includes a new stove and refrigerator. This upper unit also provides access to a walk-up third-floor office or den. The property includes separate utilities for each unit and a new roof. The full basement offers two sets of laundry hookups, and dedicated tenant parking is available on-site. The property has been meticulously maintained and has a Morris Plains mailing address.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morris Plains
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4839565
    Latitude
    40.8197687

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    FAQs

    What type of property is this?
    Duplex - Two-family property with separate utilities and a four-car garage.
    Where is this duplex located?
    The property is located at 16 Sherman Ave Morris Plains, NJ.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: - Turn-key 2-family property with value-add potential.; - Vacant 2nd floor unit (2BR) is freshly painted with new stove & fridge and a walk-up 3rd floor office/den.; - 4-car detached garage with 2nd floor storage.
    (973) 267-8990
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    16 Sherman Ave Morris Plains, NJ 07950
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    Morris Plains, NJ 07950
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    16 Sherman Ave Morris Plains, NJ 07950
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