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For sale
    • Price cut: $16K (6/17)
    $699,000

    240 Sherman Avenue, Seaside Heights, NJ 08751

    4beds
    --sqft
    : 
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    Multi Family
    Built in 1946
    -- sqft lot
    $685,100 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Contemporary finishesStylish white cabinetryRecessed lightingTankless water heatersSleek stand-up shower enclosuresStainless steel appliancesCeiling fans
    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.
    91 days
    |
    393
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dawn Geraldi 732-688-0760,

    Keller Williams Realty Ocean Living

    Source: MoreMLS,MLS#: 22610008MLS Logo

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      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

        $685,100

        $651,000 - $719,000

        $4,294/mo

        Price history

        DateEventPrice
        6/17/2026Price change$699,000-2.2%
        Source: MoreMLS #22610008 Report a problem
        4/13/2026Listed for sale$715,000+10%
        Source: MoreMLS #22610008 Report a problem
        7/31/2023Sold$650,000-1.5%
        Source: MoreMLS #22316113 Report a problem
        6/23/2023Pending sale$660,000
        Source: MoreMLS #22316113 Report a problem
        6/22/2023Listing removed--
        Source: MoreMLS #22316113 Report a problem
        6/14/2023Listed for sale$660,000+32%
        Source: MoreMLS #22316113 Report a problem
        3/14/2023Listing removed--
        Source: Zillow Rentals Report a problem
        2/13/2023Price change$1,750+2.9%
        Source: Zillow Rentals Report a problem
        2/7/2023Price change$1,700-2.9%
        Source: Zillow Rentals Report a problem
        1/31/2023Price change$1,750-2.8%
        Source: Zillow Rentals Report a problem
        1/14/2023Listed for rent$1,800
        Source: Zillow Rentals Report a problem
        8/13/2021Sold$500,000
        Source: MoreMLS #22119429 Report a problem
        7/6/2021Pending sale$500,000
        Source: MoreMLS #22119429 Report a problem
        6/17/2021Listed for sale$500,000+400%
        Source: MoreMLS #22119429 Report a problem
        8/9/2019Sold$100,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 08751

        Getting around

        80 / 100
        Very Walkable
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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