MLS# : 260010344
Finally the opportunity you've been waiting for - a modern construction, multi-family home on coveted historic Sherman Place! Situated on an oversized 25x194 lot (yes! a double lot!), this exceptional residence offers over 3,000 sq ft of above-grade living space plus an additional 1,000 sq ft of storage, and incredible conversion potential. Built in 1991, this charming home fits in perfectly among the Victorians of beautiful tree-lined Sherman Place, yet it offers the comfort and peace of mind of modern construction — no wet 150 year old basement worries here! Currently configured as a spacious 2-family home with a bonus mother-in-law/guest suite, the property features 7 bedrooms, 5.5 baths, and 3 fully functioning kitchens, making it ideal for investors, multi-generational living, or owner-occupants seeking rental income. Inside, note the modern architecture of vaulted ceilings in the front and back of the home on both the 2nd and 3rd floor, along with 5 skylights throughout those 2 levels - bathing both units in natural light. Outdoor space can be enjoyed on every level, with front balcony on 3rd level, and a back balcony on level 2 which overlooks the peaceful fenced-in private backyard; accessed from the ground level of the home. The backyard is a tranquil green space oasis with a massive 330 sqft walk-out deck. Parking is a rare luxury with 4 dedicated outdoor parking spaces plus a 5th covered attached garage. Additional highlights of the home include multiple storage areas throughout— including a garage storage room, second-floor walk-in hall closet, and an oversized third-level space large enough to create an office or an additional bedroom off of the top floor primary. The flexibility here is unmatched. Keep the current income-producing layout, or transform the parlor and top floors into an extraordinary (3,000 sq ft) primary residence while still maintaining an 1,000 sq ft 2 bed / 2 bath rental unit on the ground level. Special note to Buyers: The Sellers can include city-approved zoning and architectural plans to the next owner as part of the sale. This is a $20k-value and added bonus-with-purchase for the lucky Buyers! 79 Sherman Place is a truly rare gem - blending historic charm, modern construction, exceptional income potential, and endless possibilities — all on one of the area’s most desirable streets. Book your appointment today! Note: all photos with furniture have been virtually staged. Parlor level currently has rugs and tile flooring throughout.
This listing is a courtesy of COLDWELL BANKER
201-716-0220 office, listing agent CARYN VITOLO
| Population: | 289,691 |
| Total Housing Units: | 132,636 |
| Single Family Homes: | 9,795 |
| Apartments: | 122,774 |
| General Tax Rate (2025): | 2.335% |
| Effective Tax Rate (2025): | 1.847% |
| Compare To Other Towns |
| Average Price* (12mo): | $681,468 |
| Apatments Sold* (12mo): | 1,096 |
| Homes : | $399,000 - 2,395,000 | 56 |
| Condos : | $165,000 - 6,499,000 | 584 |
| Co-ops : | $345,000 - 679,000 | 10 |
| Twnhs : | $339,900 - 2,300,000 | 15 |
| 2-4 Fam : | $415,000 - 1,999,999 | 132 |
| 5+ Fam : | $1,550,000 - 1,550,000 | 1 |
| Land : | $469,000 - 4,800,000 | 25 |
| Rentals : | $1,650 - 5,300 | 35 |
| Mixd Use : | $1,550,000 - 1,550,000 | 1 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $30,000 - 1,295,000 | 13 |
The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc.
All information deemed reliable but not guaranteed. Last date updated: 05/31/2026 00:05 AM
Source: New Jersey Multiple Listing Service, Inc.
“©2026 New Jersey Multiple Listing Service, Inc. All rights reserved.”
General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury
Please read the Consumer Information Statement (CIS)