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$700,000
83 Sherman Avenue, Newark, 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
Brendan Dasilva, Keller Williams Realty - NJ Metro Group
Property Details
Property Type
2-4 Family
Status
Active
Bedrooms
8
Bathrooms (Full)
4
MLS #
26020460
LAUNDRY FEATURES
None
Utility Features
Electricity Connected, Natural Gas Connected, Sep Heat, Water Connected
ARCHITECTURAL STYLE
3 Family
Garage spaces
2
CITY
Newark
COUNTY
ESSEX
STATE
NJ
SUB AREA
400
TAX AMOUNT
7914.0
LATEST UPDATE
2026-06-03T15:48:19.978Z
PRICE CHANGE(S)
$700,000 Jun 3, 2026
Property Details
Property Type
2-4 Family
Status
Active
Bedrooms
8
Bathrooms (Full)
4
MLS #
26020460
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.
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