198-200 Shephard Ave Newark, NJ ^$ 799,000

198-200 Shephard Ave

^$ 799,000

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198-200 Shephard Ave

Newark, NJ, 07112

^$ 799,000

Bedrooms10 Baths3.0

Monthly Estimate*

^$ 4,985

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Multi-Family Home for sale in Newark, NJ

for $799,000 with 10 bedrooms and 3 full baths. This home was built in 1924 on a lot size of 0.08.

Don't miss your chance to own this massive 3-family gem! Featuring three full-floor units PLUS a finished basement, this is the perfect opportunity for investors or savvy buyers. 1st & 2nd Floor Units: 4 spacious bedrooms, 1 bathroom, an eat-in kitchen, and a bright, comfy living room. 3rd Floor Unit: 2 bedrooms, 1 bathroom, eat-in kitchen, and cozy living space. Outside, enjoy a long private driveway and a generous backyard perfect for entertaining or relaxing. Close to major transportation, schools, and shopping. Everything you need is right here! High rental income potential, low vacancy risk. This is your next cash-flowing asset - book a showing today before it's gone!

Multi-Family Pending

Price

^$ 799,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 6,822

Style

3-Three Story

Lot Size

0.08

Year Built

1924

Town/City

Newark

County/Region

Essex

MLS | Web ID

3982176

Features

General

Sewer Public Sewer

Heating Multi-Zone

Cooling Window A/C(s)

Utilities Gas-Natural

Possession At Closing

Roof Asphalt Shingle

Architectural Style 3-Three Story

Year Built 1924

Garage None

Township Newark City

Tax Year 2024

Gross Income 999

County Essex

Net Operating Income 999

Operating Expense 999

Total Rooms 25

Full Baths 3

Status Under Contract

Directions Osborne Ter to Shephard Ave

Open Parking Spaces 4

Number Of Units Total 3

Tax Annual Amount 6822

Drive 1 Car Width Blacktop Driveway-Exclusive

Standard Status Under Contract

Tax Assessed Value 179400

Town # 1614

Tax Lot 42

Interior

Basement Finished

Unit 1 Baths Total 1.0

Unit 1 Beds Total 4

Unit 2 Baths Total 1.0

Unit 2 Beds Total 4

Unit 3 Baths Total 1.0

Unit 3 Beds Total 2

Fuel Type Gas-Natural

Half Baths 0

Total Bedrooms 10

Exterior

Water Source Public Water

Exterior Description Vinyl Siding

Lot Dimensions 35X100

Lot Size Acres 0.08

* Excluded Features

List By

EYAL LEVY

Listing Agent

Keller Williams Park Views

Broker

INFO@Thelevteam.com

Affordability Calculator

$5,553

Per Month

Monthly Principal & Interest: $4,985
Monthly Property Taxes: $569
Monthly Home Insurance: --

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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

Multi-family listings in Newark, NJ

Average List Price ^$718,959

Percent of Sale Price 10%

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
8/20/2025	$799,000		Listed Price

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198-200 Shephard Ave, Newark, NJ, 07112 is a Multi-Family Home for sale at $799,000 with a lot size of 0.08. 198-200 Shephard Ave has 10 bedrooms, 3.0 baths, and was built in 1924. The property's zip code is 07112 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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198-200 Shephard Ave

Multi-Family Home for sale in Newark, NJ

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