$599,999

70 Sherman Ave Newark, NJ 07114

South Broad Valley Neighborhood

Estimated payment $4,488/month

8 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Discover the perfect investment opportunity with this large, well-maintained 2-family home featuring a bonus attic apartment. The property offers exceptional space, versatility, and rental potential and will be delivered fully vacant, making it ideal for both homeowners and investors. The first and second floors each offer 3 spacious bedrooms. The attic level features a bonus apartment complete with 2 bedrooms, 1 full bath, and a kitchen, providing additional living or income-producing space. Enjoy the convenience of separate utilities and a generous basement with plenty of room for storage or a laundry setup. With its expansive layouts and move-in-ready condition, this property offers endless possibilities.Don't miss the chance to own this spacious, income-generating multi-family home!

Listing Agent

Tatiana Galvan

REAL Brokerage Phone: 201-988-0840 Listed on: 12/11/2025

REAL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,984

Year Built

  • Built in 1900

Lot Details

  • 2,614 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Central Air
  • Multiple Heating Units
  • Standard Electricity

Additional Features

  • Unfinished Basement

Listing and Financial Details

  • Assessor Parcel Number 1614-02809-0000-00007-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,984

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Unit Style: 2-Two Story
  • Year Built: 1900
  • Year Built Description: Approximate
  • County Name: Essex
  • Directions: 70 SHERMAN AVE
  • I D: 5399712
  • Attribution Contact: 201-988-0840
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Unfinished

Exterior Features

  • Exterior Description: Aluminum Siding

Garage/Parking

  • Parking Driveway Description: On-Street Parking

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Heating: 2 Units
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 25X100
  • 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: 15984
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1614-02809-0000-00007-0000-
  • Tax Rate Amount: 3.803
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2024

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

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 $6,528 $420,300 $45,100 $375,200
2024 $6,528 $420,300 $45,100 $375,200
2022 $6,542 $175,100 $45,100 $130,000
2021 $6,538 $175,100 $45,100 $130,000
2020 $6,654 $175,100 $45,100 $130,000
2019 $6,586 $175,100 $45,100 $130,000
2018 $6,466 $175,100 $45,100 $130,000
2017 $6,234 $175,100 $45,100 $130,000
2016 $6,023 $175,100 $45,100 $130,000
2015 $5,794 $175,100 $45,100 $130,000
2014 $5,430 $175,100 $45,100 $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2025 12/11/25 For Sale $599,999 +11.1% --
06/30/2023 06/30/23 Sold $540,000 +10.4% -- View Prior Sale
05/10/2023 05/10/23 Pending -- -- --
04/21/2023 04/21/23 For Sale $489,000 -- --
Source: Garden State MLS

Purchase History

Date Type Sale Price Title Company
Deed $540,000 Nu World Title
Interfamily Deed Transfer -- None Available
Deed $70,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $530,219 New Conventional
Previous Owner $176,600 New Conventional
Source: Public Records

Source: Garden State MLS

MLS Number: 4001311

Garden State MLS

APN: 14-02809-0000-00007

New Jersey Essex County Newark 07114 South Broad Valley

70 Sherman Ave, Newark, NJ

For Sale

MultiFamily

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Nearby Homes
Listing Agent
Tatiana Galvan
Section Image
REAL
(201) 685-3303