Home » Real Estate » NJ » Newark City » 07114 »
$700,000
83 Sherman Ave, Newark City, NJ, 07114
8
Beds
4
Baths
Open House
June 6 11:00 am - 1:00 pm
Totally Updated Legal 3-Family Investment Opportunity! This fully renovated and legally 3-family property offers an exceptional opportunity for both investors and owner-occupants. Featuring spacious units, a walk-out basement, ample off-street parking, and a large oversized garage, this property combines functionality with strong income potential. Conveniently located near major highways, Newark Liberty International Airport, public transportation, shopping, dining, and other everyday amenities, it provides easy access for commuters and tenants alike. Whether you're looking to expand your portfolio or live in one unit while generating rental income from the others, this versatile property is one you won't want to miss.
Offered By
KELLER WILLIAMS - NJ METRO GROUP
Property Details
Property Type
Multi Family
Status
Active
Bedrooms
8
Bathrooms (Full)
4
MLS #
4031873
Heating
Forced Hot Air
Cooling
Central Air
Utility Features
Gas-Natural
SEWER
Public Sewer
WATER SOURCE
Public Water
Year Built
1917
Basement
Finished
ARCHITECTURAL STYLE
Other
Roof
See Remarks
Garage spaces
2
CITY
Newark City
COUNTY
Essex
STATE
NJ
TAX AMOUNT
7914.0
LATEST UPDATE
2026-06-03T15:41:08.254Z
PRICE CHANGE(S)
$700,000 Jun 3, 2026
Property Details
Property Type
Multi Family
Status
Active
Bedrooms
8
Bathrooms (Full)
4
MLS #
4031873
Open House
June 6 11:00 am - 1:00 pm
New Properties On Market
11
15%
Decrease In New Listings
Average Asking Price
$496,690
$138,817 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$134
$263 Decrease In List Price/Sq. Ft.
Average Days On Market
9
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
Mortgage Calculator
The information provided by this calculator is for illustrative purposes only and accuracy is not guaranteed. The values and figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. This calculator does not have the ability to pre-qualify you for any mortgage or loan program. Qualification for mortgages or loans requires additional information such as credit scores and existing debts which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. All information such as interest rates, taxes, insurance, monthly mortgage payments, etc. are estimates and should be used for comparison only.
Purchase Price
Loan Type
Down Payment
HOA Dues
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
Private Mortgage Insurance
Similar Listings
$800,000
240 Sherman Ave
Newark City, NJ
6
Beds
| 5
Baths
Offered By CAROLL F. PEREZ WEICHERT REALTORS - HOME CITY
$799,000
13-15 Garibaldi Ave
Newark City, NJ
6
Beds
| 5
Baths
Offered By AUGUSTO VERISSIMO WEICHERT REALTORS - HOME CITY
$749,900
56 Vanderpool St
Newark City, NJ
11
Beds
| 4
Baths
Offered By AUGUSTO VERISSIMO WEICHERT REALTORS - HOME CITY