146 Sherman Ave
Newark City, NJ 07114
Price: $750,000
GSMLS: 3982620Type: Multi-Family
Style: See Remarks
Total Units: 4
Beds: 7
Baths: 3 Full
Garage: 3-Car
Year Built: 1920
Acres: 0.06
Property Tax: $5,540
Description
Experience The Perfect Balance Of Space And Value-add Potential With This Four-unit Property Featuring A Retail Space And Three Spacious Residential Apartments. The First-floor Apartment Has 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!
General Info
Style:
See Remarks
SqFt Building:
n/a
Total Rooms:
17
Basement:
Yes - Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
25X100
Lot Desc:
n/a
Parking
Garage Capacity:
3-Car
Description:
Detached Garage
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
n/a
Bathrooms:
1
Total Rooms:
1
Room Description:
See Remarks, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
2
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Family Room, Living/Dining Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 4
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living/Dining Room
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Utilities
Heating:
Forced Hot Air
Heating Fuel:
Gas-Natural
Cooling:
Central Air
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
L SPENCER
Middle:
H WILSON
High School:
BELMONT
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$750,000
Tax Amount:
$5,540
Land Assessment:
$42,500
Build. Assessment:
$103,200
Total Assessment:
$145,700
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3982620
List Date:
08-21-2025
Days On Market:
68
Listing Broker:
FLOROSTONE REALTY INC.
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: BerkshireHillsLiving.com
