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 Blend Of Modern Upgrades And Strong Rental Potential At 146 Sherman Ave, A Fully Renovated Mixed-use Gem In The Heart Of Newark. This Four-unit Property Features A Street-level Retail Space And Three Spacious Residential Units, All Thoughtfully Updated With Contemporary Finishes, Newer Mechanical Systems, And Stylish Details Throughout. Tenants Enjoy Central Air, Updated Kitchens And Baths, And Ample Natural Light. With Low Taxes, Minimal Operating Expenses And A Robust Noi, This Is An Ideal Turnkey Investment Or Live-work Opportunity. Garage Rental Income Adds Bonus Cash Flow. Located Near Transit, Shops, And Major Highways. Don't Miss This Rare Offering!
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:
1
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: MorrisCountyLiving.com
