$750,000

Estimated payment $4,549/month

Total Views 312
7 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Experience the perfect blend of modern upgrades and strong rental potential at 146 Sherman Ave, a fully renovated mixed-use gem in the heart of Newark. This four-unit property features a street-level retail space and three spacious residential units, all thoughtfully updated with contemporary finishes, newer mechanical systems, and stylish details throughout. Tenants enjoy central air, updated kitchens and baths, and ample natural light. With low taxes, minimal operating expenses and a robust NOI, this is an ideal turnkey investment or live-work opportunity. Garage rental income adds bonus cash flow. Located near transit, shops, and major highways. Don't miss this rare offering!

Listing Agent

Grisela Flores

FLOROSTONE REALTY INC. Brokerage Phone: 908-445-5339 Listed on: 08/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,540

Year Built

  • Built in 1920

Lot Details

  • 2,614 Sq Ft Lot

Parking

  • 3 Car Detached Garage
  • On-Street Parking

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Schools

  • L Spencer Elementary School
  • H Wilson Middle School
  • Belmont High School

Utilities

  • Forced Air Heating and Cooling System
  • Standard Electricity

Additional Features

  • Unfinished Basement

Community Details

  • Net Operating Income $9,999

Listing and Financial Details

  • Assessor Parcel Number 1614-02791-0000-00025-0000-
  • Tax Block *

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,540

Year Built

Built in 1920

Lot Details

0

Parking

3

Listing Details

  • Year Built: 1920
  • Year Built Description: Approximate
  • County Name: Essex
  • Renovated Year: 2023
  • Street Number Display: 146
  • Directions: I-280 to Exit 13, Clifton Ave. Turn right on Clifton Ave, left on Sherman Ave. Property on the right
  • I D: 5380055
  • Modified: 2025-08-26
  • Number Images: 28
  • Attribution Contact: 908-445-5339
  • MLS Status: Active
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Total Number Rooms: 17
  • Bedrooms: 7
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Unfinished

Exterior Features

  • Exterior Description: Vinyl Siding
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 3
  • Parking Driveway Description: On-Street Parking

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Schools

  • Elementary School: L SPENCER
  • Middle School: H WILSON
  • High School: BELMONT
  • High School: BELMONT
  • Middle Jr High School: H WILSON

Lot Info

  • Lot Size: 25X100
  • Assessed Improvement Value: 103200
  • Assessed Land Value: 42500
  • Assessment: 145700
  • Easement: Unknown
  • Lot Identifier: 25
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.06

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 5540
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-02791-0000-00025-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year Tax: *
  • Tax Year: 2024

Multi Family

  • Total Number Units: 4

MLS Schools

  • Grade School: L SPENCER

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Sale $750,000 -- --
Source: Garden State MLS

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Source: Garden State MLS

MLS Number: 3982620

Garden State MLS