146 Sherman Ave Newark, NJ ^$ 750,000

146 Sherman Ave

^$ 750,000

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146 Sherman Ave

Newark, NJ, 07114

^$ 750,000

Bedrooms-- Baths-- Sq 3,900

Monthly Estimate*

^$ 4,679

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Commercial Property for sale in Newark, NJ

for $750,000 with 1 half bath. This 3,900 square foot building was built in 1920 on a lot size of 0.06.

Experience the perfect blend of modern upgrades and strong rental potential at 146 Sherman Ave, a fully renovated mixed-use gem in the heart of Newark. This four-unit property features a street-level retail space and three spacious residential units, all thoughtfully updated with contemporary finishes, newer mechanical systems, and stylish details throughout. Tenants enjoy central air, updated kitchens and baths, and ample natural light. With low taxes, minimal operating expenses and a robust NOI, this is an ideal turnkey investment or live-work opportunity. Garage rental income adds bonus cash flow. Located near transit, shops, and major highways. Don't miss this rare offering!

Commercial Active

Price

^$ 750,000

Half Bath

Property Type

Commercial

Taxes

^$ 5,540

Style

Apartment Complex

Lot Size

0.06

Year Built

1920

Town/City

Newark

County/Region

Essex

MLS | Web ID

3982628

Features

General

Sewer Public Sewer

Construction See Remarks

Heating Forced Hot Air

Cooling Central Air

Utilities Electric Gas-Natural

Possession At Closing

Roof Asphalt Shingle

Zoning R-3

Year Built 1920

Township Newark City

Property Type Apartment Complex Mixed Use Store With Apartment Apartment Complex

Tax Year 2024

Ownership Fee Simple

Location Corner

Lease Information Month-To-Month

County Essex

Status Active

Directions I-280 to Exit 13 Clifton Ave. Turn right on Clifton Ave left on Sherman Ave. Property on the right

Number Of Units Total 4

Tax Annual Amount 5540

Drive Off-Street Parking

Leasable Area 0

Standard Status Active

Tax Assessed Value 145700

Town # 1614

Tax Lot 25

Interior

Basement Unfinished

Fuel Type Gas-Natural

Total Stories 3

Half Baths 1

Exterior

Water Source Public Water

Exterior Description Vinyl Siding

Building Area Total 3900

Lot Dimensions 25X100

Lot Size Acres 0.06

* Excluded Features

List By

GRISELA FLORES

Listing Agent

Florostone Realty Inc.

Broker

grisela@florostone.com

Affordability Calculator

$5,141

Per Month

Monthly Principal & Interest: $4,679
Monthly Property Taxes: $462
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Newark, NJ

Average List Price ^$1,060,172

Percent of Sale Price 41%

About Newark, NJ

283,201 Population

4% Since 2002

^$35,768 Median Income

34.98 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/21/2025	$750,000		Listed Price

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146 Sherman Ave, Newark, NJ, 07114 is a Commercial Property for sale at $750,000 with 3,900 sqft and a lot size of 0.06. 146 Sherman Ave was built in 1920. The property's zip code is 07114 which is in Newark, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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146 Sherman Ave

Commercial Property for sale in Newark, NJ

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