168 Sherman Ave Newark, NJ 07114
South Broad Valley NeighborhoodEstimated payment $8,621/month
About This Home
Must see legal 6 Family Investment opportunity! Hi Completely renovated inside & out in 2020, this turn-key property features major updates including a new roof, beams, plumbing, electrical, siding and HVAC systems. Each unit offers 2 bedrooms, 1 bath, an open-concept kitchen/dining area, high ceilings, stainless steel appliances, and is internet, phone and cable ready. A camera/intercom system is installed in every unit for added security and convenience. All separate utilities and a bonus finished basement. Located near Downtown Newark, Newark International Airport, Newark Penn Station with easy access to major highways and public transportation, this is a great chance to lock into a market with rising demand and solid growth potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,867
Lot Details
- 3,311 Sq Ft Lot
Home Design
Bedrooms and Bathrooms
- 12 Bedrooms
Community Details
- No Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 22 / 2786
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $21,436 | $575,000 | $140,000 | $435,000 |
| 2024 | $21,436 | $575,000 | $140,000 | $435,000 |
| 2022 | $21,482 | $575,000 | $140,000 | $435,000 |
| 2021 | $21,471 | $575,000 | $140,000 | $435,000 |
| 2020 | $7,980 | $210,000 | $140,000 | $70,000 |
| 2019 | $7,898 | $210,000 | $140,000 | $70,000 |
| 2018 | $7,755 | $210,000 | $140,000 | $70,000 |
| 2017 | $7,476 | $210,000 | $140,000 | $70,000 |
| 2016 | $7,224 | $210,000 | $140,000 | $70,000 |
| 2015 | $6,949 | $210,000 | $140,000 | $70,000 |
| 2014 | $16,342 | $527,000 | $140,000 | $387,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/16/2025 10/16/25 | For Sale | $1,290,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $302,000 | Old Republic Title | |
| Deed | $22,000 | -- |
Source: New Jersey MLS
MLS Number: 25037072
APN: 14-02786-0000-00022
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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