240 Sherman Avenue 3, Seaside Heights, NJ 08751

New Listing

$715,000

Property Type: Multi-Family Bedrooms: 4 Baths: 3 Lot Size (sq. ft.): 2,178 Status: Active

Current Price: $715,000 List Date: 4/13/2026 Last Modified: 4/13/2026

Overview

Description

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,

Supplements: 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 ... (Read more)

Listing Details MLS# 22610008

Contract Info

Property Sub-Type: Three Family

Location

House Number: 240
Street Name: Sherman
Street Suffix: Avenue
Unit/Suite #: 3
County: Ocean
Municipality: Seaside Heights (SEH)
Postal City: Seaside Heights
State: NJ
Zip Code: 08751
Area/Section: Seaside Heights
Complex/Subdivision: None
Directions: Central To Sherman Ave.

General Property Info

# Units in Bldg: 3
Full Baths: 3
Total Baths: 3
# Levels: Yes
Apx Year Built: 1946
Fireplace: No
# Acres: 0.05
Lot Dimensions: 25 x 100
Garage: No
Pool: No
Waterfront: No
Waterview: No
Basement: No
# Car Garage: 0

Tax and Legal

Asmnt - Total: 666900
Deed Restricted: No
Taxes: 8563
Tax Year: 2025

Unit 1

# Bedrooms: Yes
Bedroom Level: Yes
# Full Baths: Yes
Kitchen Level: Yes
Living Room Level: Yes
Rent: 1350

Unit 2

# Bedrooms: Yes
Bedroom Level: Yes
# Full Baths: Yes
# Rooms: 2
Kitchen Level: Yes
Living Room Level: Yes
Rent: 1450

More Information

Unit 3

# Bedrooms: 2
Bedroom Level: Yes
# Full Baths: Yes
# Rooms: 4
Kitchen Level: Yes
Living Room Level: Yes
Rent: 1850

Remarks & Misc

Excluded: tenants furniture and personal belongings

Showing

Call Agent: Yes
Showing Time: Yes

Water/Sewer

Public Sewer: Yes
Public Water: Yes

Floors

Laminate: Yes

Basement

Crawl Space: Yes

Cooling

Central Air: Yes

Water Heater

Natural Gas: Yes
Tankless: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Parking

On Street: Yes

Garage

None: Yes

Assessment Status

To Be Assessed: Yes

Siding

Vinyl: Yes

Roof

Shingle: Yes

Landlord Pays

Water: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Grounds Care: Yes
Snow Removal: Yes

Property Features

Basement: Crawl Space Floors: Laminate Cooling: Central Air Heating: Forced Air; Natural Gas Water Heater: Natural Gas; Tankless Siding: Vinyl Roof: Shingle Garage: None Parking: On Street Assessment Status: To Be Assessed Landlord Pays: Water Tenant Pays: Electricity; Gas; Grounds Care; Snow Removal Showing: Call Agent; Showing Time

Listing Office: Keller Williams Realty Ocean Living

Listing Agent: Dawn Geraldi

Last Updated: April - 13 - 2026

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.