$750,000

146 Sherman Ave Newark, NJ 07114

South Broad Valley Neighborhood

Estimated payment $4,412/month

Total Views 3,240
7 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Experience the perfect balance of space and value-add potential with this four-unit property featuring a retail space and three spacious residential apartments. The first-floor apartment has been updated. With low taxes, minimal operating expenses, and a strong NOI, this is an excellent turnkey investment or live-work opportunity. The three-car garage offers additional rental income for boosted cash flow. Ideally located near Newark Penn Station, bus lines, local shops, and major highways, this mixed- used property combines accessibility and long-term value. Don't miss this rare opportunity to own a mixed-use property in one of Newark's most convenient neighborhoods!

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-

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
  • Directions: I-280 to Exit 13, Clifton Ave. Turn right on Clifton Ave, left on Sherman Ave. Property on the right
  • I D: 5380055
  • Attribution Contact: 908-445-5339
  • MLS Status: Active
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • 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

  • High School: BELMONT
  • Middle Jr High School: H WILSON

Lot Info

  • Lot Size: 25X100
  • Easement: Unknown
  • 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 Year Tax: *
  • Tax Year: 2024

MLS Schools

  • Grade School: L SPENCER

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
08/21/2025 08/21/25 For Sale $750,000 -- --
Source: Garden State MLS

Source: Garden State MLS

MLS Number: 3982620

Garden State MLS
New Jersey Essex County Newark 07114 South Broad Valley

146 Sherman Ave, Newark, NJ

For Sale

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Nearby Homes
Grisela Flores
Listing Agent
Grisela Flores
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FLOROSTONE REALTY INC.
(201) 373-2945