146 Sherman Ave Newark, NJ $ 750,000
146 Sherman Ave
$ 750,000
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146 Sherman Ave

Newark, NJ, 07114
$ 750,000
Bedrooms7 Baths3.0

Monthly Estimate*

$ 4,679

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Multi-Family Home for sale in Newark, NJ

for $750,000 with 7 bedrooms and 3 full baths. This home was built in 1920 on a lot size of 0.06.

Experience the perfect balance of space and value-add potential with this four-unit property featuring a retail space and three spacious residential apartments. Two units have 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!

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Multi-Family Active

Price

$ 750,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 5,540

Style

Lot Size

0.06

Year Built

1920

Town/City

Newark

County/Region

Essex

MLS | Web ID

3982620

Features
General
Sewer Public Sewer
Heating Forced Hot Air
Cooling Central Air
Utilities Electric Gas-Natural
Possession At Closing
Roof Asphalt Shingle
Garage Spaces 3
Architectural Style See Remarks
Year Built 1920
Garage Detached Garage
Township Newark City
Tax Year 2024
Gross Income 9999
County Essex
Net Operating Income 9999
Operating Expense 9999
Total Rooms 17
Full Baths 3
Status Active
Directions I-280 to Exit 13 Clifton Ave. Turn right on Clifton Ave left on Sherman Ave. Property on the right
High School BELMONT
Open Parking Spaces 0
Number Of Units Total 4
Elementary School L SPENCER
Tax Annual Amount 5540
Middle/Junior High School H WILSON
Drive On-Street Parking
Standard Status Active
Tax Assessed Value 145700
Town # 1614
Tax Lot 25
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Interior
Basement Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 0
Unit 2 Baths Total 1.0
Unit 2 Beds Total 1
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Unit 4 Baths Total 1.0
Unit 4 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 7
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Exterior
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded Features
List By
GRISELA FLORES

Listing Agent

Florostone Realty Inc.

Broker

grisela@florostone.com

Email

Affordability Calculator

$5,141
Per Month
91%
9%
0%
Monthly Principal & Interest
$4,679
Monthly Property Taxes
$462
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5253251 Elementary School
5253252 Middle School
Belmont High School High School
Pricing History
DatePricePrice ChangeDescription
8/21/2025$750,000 Listed Price

Map


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146 Sherman Ave, Newark, NJ, 07114 is a Multi-Family Home for sale at $750,000 with a lot size of 0.06. 146 Sherman Ave has 7 bedrooms, 3.0 baths, and was built in 1920. The property's zip code is 07114 which is in Newark, NJ