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.
For sale
Price cut: $16K (6/17)
$699,000
240 Sherman Avenue, Seaside Heights, NJ 08751
4beds
--sqft
Multi Family
Built in 1946
-- sqft lot
$685,200 Zestimate®
$--/sqft
$-- HOA
What's special
Contemporary finishesStylish white cabinetryRecessed lightingTankless water heatersSleek stand-up shower enclosuresStainless steel appliancesCeiling fans
- 139 days
- 411
- 19
Zillow last checked:
Listing updated:
Listed by:
Dawn Geraldi 732-688-0760,
Keller Williams Realty Ocean Living
Source: MoreMLS,MLS#: 22610008
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air
Cooling
- Central Air
Features
- Flooring: Laminate
- Basement: Crawl Space
Property
Parking
- Parking features: On Street, None
Features
- Stories: 1
Lot
- Size: 2,178 Square Feet
- Dimensions: 25 x 100
Details
- Parcel number: 2700053000000019
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: None
Location
- Region: Seaside Heights
Financial & listing details
- Tax assessed value: $244,100
- Annual tax amount: $8,563
- Date on market: 4/13/2026
- Exclusions: tenants furniture and personal belongings
- Tenant pays: Snow Removal, Gas, Electricity
Estimated market value
$685,200
$651,000 - $719,000
$3,691/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Listed for rent | $1,550-11.4% |
Source: MoreMLS #22625903 Report a problem | ||
| 6/17/2026 | Price change | $699,000-2.2% |
Source:  MoreMLS #22610008 Report a problem | ||
| 4/13/2026 | Listed for sale | $715,000+10% |
Source: MoreMLS #22610008 Report a problem | ||
| 7/31/2023 | Sold | $650,000-1.5% |
Source: MoreMLS #22316113 Report a problem | ||
| 6/23/2023 | Pending sale | $660,000 |
Source: MoreMLS #22316113 Report a problem | ||
| 6/22/2023 | Listing removed | -- |
Source: MoreMLS #22316113 Report a problem | ||
| 6/14/2023 | Listed for sale | $660,000+32% |
Source: MoreMLS #22316113 Report a problem | ||
| 3/14/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/13/2023 | Price change | $1,750+2.9% |
Source: Zillow Rentals Report a problem | ||
| 2/7/2023 | Price change | $1,700-2.9% |
Source: Zillow Rentals Report a problem | ||
| 1/31/2023 | Price change | $1,750-2.8% |
Source: Zillow Rentals Report a problem | ||
| 1/14/2023 | Listed for rent | $1,800 |
Source: Zillow Rentals Report a problem | ||
| 8/13/2021 | Sold | $500,000 |
Source: MoreMLS #22119429 Report a problem | ||
| 7/6/2021 | Pending sale | $500,000 |
Source: MoreMLS #22119429 Report a problem | ||
| 6/17/2021 | Listed for sale | $500,000+400% |
Source: MoreMLS #22119429 Report a problem | ||
| 8/9/2019 | Sold | $100,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $6,105 +3.3% | $244,100 |
| 2022 | $5,907 | $244,100 |
| 2021 | $5,907 +23% | $244,100 +19.7% |
| 2020 | $4,802 +2.7% | $203,900 |
| 2019 | $4,675 +1.9% | $203,900 |
| 2018 | $4,588 +1.7% | $203,900 |
| 2017 | $4,510 +3.6% | $203,900 |
| 2016 | $4,353 +9.2% | $203,900 |
| 2015 | $3,986 +7.1% | $203,900 |
| 2014 | $3,721 -5.3% | $203,900 -23.7% |
| 2012 | $3,931 +2.7% | $267,200 |
| 2011 | $3,826 +9.6% | $267,200 |
| 2010 | $3,490 +7.9% | $267,200 |
| 2009 | $3,233 -1.2% | $267,200 |
| 2008 | $3,274 +2.1% | $267,200 +215.8% |
| 2007 | $3,208 +17.2% | $84,600 |
| 2006 | $2,737 | $84,600 |
| 2004 | -- | $84,600 |
| 2003 | -- | $84,600 |
| 2002 | -- | $84,600 |
| 2001 | -- | $84,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 08751
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