This well-maintained two-family home is a fantastic opportunity for investors or homeowners looking to offset their mortgage with rental income. Located just minutes from Newark Airport, public transportation, major highways, and all the vibrant amenities of the area, this property offers unbeatable convenience for commuters and tenants alike. 1st floor has 4 bedrooms w/ 1 bath and 2nd floor has 4 bedrooms w/ 2 full baths. Newly cemented basement ready for storage or additional use—great potential for extra space! Private backyard: Enjoy outdoor gatherings or relaxing in your own private retreat. Fully Rented w/ long term tenants paying under market value but can be delivered vacant for owner-occupancy or for a new buyer looking to make their own rental arrangements.
Off market
$224,900
171 Sherman Ave, Newark, NJ 07114
7beds
2,600sqft
MultiFamily
Built in 1907
-- sqft lot
$-- Zestimate®
$87/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced air, Gas
Cooling
- None
Appliances
- Included: Microwave, Refrigerator
Features
- Flooring: Tile, Hardwood
- Basement: Unfinished
Interior area
- Total interior livable area: 2,600 sqft
Property
Parking
- Parking features: On-street
Features
- Exterior features: Stone, Brick, Cement / Concrete
Lot
- Size: 2,613 sqft
Details
- Parcel number: 1402785000000025
Construction
Type & style
- Home type: MultiFamily
Materials
- brick
- Roof: Asphalt
Condition
- Year built: 1907
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Gas-Natural
Community & neighborhood
Location
- Region: Newark
Other
Other facts
- Basement: Yes
- Easement: Unknown
- Heating: Forced Hot Air, 2 Units
- Fuel Type: Gas-Natural
- Listing Type: Exclusive Right to Sell
- Sewer: Public Sewer
- Unit 1 Appl/Equip: CarbMDet, SmokeDet, RgOvGas, Refrig, Microwav, CookGas
- Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Kitchen, Pantry
- Unit 2 Appl/Equip: CarbMDet, SmokeDet, RgOvGas, Refrig, CookGas, Microwav
- Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Kitchen, Master Bedroom
- Roof Description: Asphalt Shingle
- Unit Style: 2-Two Story
- Unit 1 Owner/Tenant Pays: Owner Pays Water
- Unit 2 Owner/Tenant Pays: Owner Pays Water
- Utilities: Gas-Natural
- Water: Public Water
- Construction Date/Year Built Des: Approximate
- Parking/Driveway Description: On-Street Parking
- Basement Description: Finished
- Exterior Description: Stone
- Town #: Newark City
Services availability

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