70 Sherman Ave Newark, NJ 07114
South Broad Valley NeighborhoodEstimated payment $4,455/month
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. This property offers endless possibilities. *Photos are from before tenants occupied the units *Don?t miss the chance to own this spacious, income-generating multi-family home!
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-
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 | $15,984 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/20/2026 03/20/26 | Price Changed | $585,000 | -2.5% | -- | |
| 02/05/2026 02/05/26 | For Sale | $599,999 | 0.0% | -- | |
| 12/16/2025 12/16/25 | Off Market | $599,999 | -- | -- | |
| 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 | -- | -- |
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 | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $530,219 | New Conventional | |
| Previous Owner | $176,600 | New Conventional |
Source: Garden State MLS
MLS Number: 4001311
APN: 14-02809-0000-00007
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