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!
Active
$750,000
146 Sherman Ave, Newark City, NJ 07114
7beds
--sqft
Est.:
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Three-car garageThree spacious residential apartments
- 118 days |
- 170 |
- 12 |
Zillow last checked: 17 hours ago
Listing updated: December 02, 2025 at 08:56am
Listed by:
Grisela Flores 908-445-5339,
Florostone Realty Inc.
Source: GSMLS,MLS#: 3982620
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: See Remarks
Features
- See Remarks, Storage, Bedrooms, Kitchen, Living/Dining Room, Family Room
- Basement: Yes,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 3
- Parking features: On Street, Detached Garage
- Garage spaces: 3
Lot
- Size: 2,613.6 Square Feet
- Dimensions: 25 x 100
Details
- Parcel number: 1614027910000000250000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1920
- Major remodel year: 2023
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $145,700
- Annual tax amount: $5,540
- Date on market: 8/21/2025
- Total actual rent: 5990
- Tenant pays: Electricity, Gas, Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2025 | Listed for sale | $750,000 |
Source:  GSMLS #3982620 Report a problem | ||
| 2/3/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/10/2022 | Listed for rent | $1,800+80% |
Source: Zillow Rentals Report a problem | ||
| 6/11/2015 | Listing removed | $1,000 |
Source: FloroStone Management Report a problem | ||
| 4/15/2015 | Listed for rent | $1,000+2.6% |
Source: FloroStone Management Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$5,183/mo
Principal & interest
$3657
Property taxes
$1263
Home insurance
$263
Climate risks
Neighborhood: South Broad Street
Nearby schools
GreatSchools rating
- NAMiller Street Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Malcolm X Shabazz High SchoolGrades: 9-12Distance: 0.3 mi
- 1/10Central High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: L Spencer
- Middle: H Wilson
- High: Belmont
Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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