Images
Request Info- sherman unit 3
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- sherman unit 1
- sherman unit 2
- sherman unit 1 inter2
- sherman unit 1 inter
- sherman bathroom
- sherman unit 2 int
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- sherman laundry
- sherman laundry 2
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- sherman front
- seaside boardwalk
- seaside swing
- seaside beaches
$699,000
Active
240 Sherman Avenue Overview
- Time on Site:
- 78 days
- Visits:
- 1
Exceptional investment opportunity awaits with this fully renovated 3-family property, ideally located at the Jersey Shore. Offering immediate cash flow and modern upgrades throughout, this is a true turnkey asset for both seasoned and first-time investors. The front residence features two beautifully updated 1-bedroom, 1-bathroom units, each thoughtfully designed with contemporary finishes. The rear home offers a spacious 2-bedroom, 1-bath layout, perfect for maximizing rental potential or owner occupancy. Every unit has been meticulously upgraded with new flooring, stylish white cabinetry, stainless steel appliances, tankless water heaters, and energy-efficient heating & cooling systems. Additional enhancements include recessed lighting, ceiling fans, & sleek stand-up shower enclosures, delivering both comfort and modern appeal. All three units are fully rented year-round, generating over $55,000 in annual income, making this an immediate income-producing property. Additional features include a convenient coin-operated washer and dryer, as well as dedicated storage for each unit. Whether you're looking to expand your portfolio or live in one unit while renting the others, this versatile property offers endless possibilities.
Listing provided courtesy of Keller Williams Realty Ocean Living- MLS# 22610008
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240 Sherman Avenue Facts & Features
- Type Multi-Family
- Lot 0.05 Acres
Details
General
Building Information
- Year Built: 1946
Location/Region
- County Or Parish: Ocean
- MLS Area Major: Seaside Heights
- MLS Area Minor: Seaside Heights (SEH)
- Subdivision Name: None
Rent/Lease Information
- Tenant Pays: Grounds Care, Snow Removal, Gas, Electricity
Tax Information
- Tax Annual Amount: $8,563.00
- Tax Year: 2025
General Information
- Exclusions: tenants furniture and personal belongings
- Parcel Number: 27-00053-0000-00019
- Property Sub Type: Three Family
- Property Type: Multi-Family
Interior
Parking Information
- Garage: No
Beds/Baths
- Bathrooms Full: 3
- Bathrooms Half: 0
- Bathrooms Total: 3
- Bedrooms Total: 4
General Information
- Basement: Crawl Space
- Fireplaces Total: 0
- Flooring: Laminate
- Stories: 1
Exterior
Parking Information
- Parking Features: On Street, None
Lot Information
- Lot Size Dimensions: 25 x 100
- Lot Size Square Feet: 2178.0
- Lot Size Units: Acres
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Attached Garage: No
- Roof: Shingle
General Information
- Number Of Units Total: 3
- Sewer: Public Sewer
240 Sherman Avenue Neighborhood
Community
08751 (Seaside Heights) Demographics
48
Median Age
1,438
Population Density (per sq. mile)
36%
College Educated
$57,238
Estimated Median Income
1,093
Estimated Total Home Owners
954
Estimated Total Renters
53% / 47%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
240 Sherman Avenue Monthly Cost
240 Sherman Avenue Market Data
Based on the last 30 days in this zip code
$856,200
Average List Price
$2,769
Average Price per Square Foot
0
Properties Sold
105
Average Days on Market
9
Properties for Sale
240 Sherman Avenue History
| Date | Value | Agent |
|---|---|---|
| 6/16/2026Source: Monmouth Ocean Regional MLS | $699,000 -2.2% |
|
| 4/13/2026Source: Monmouth Ocean Regional MLS | April 13, 2026 |
|
| 10/5/2023Source: Monmouth Ocean Regional MLS | October 05, 2023 |
|
| 10/5/2023Source: Monmouth Ocean Regional MLS | October 05, 2023 |