Properties

Description

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!

Features

  • Heating System : Forced Hot Air
  • Cooling System : Central Air
  • Basement : Unfinished
  • Roof Deck : Asphalt Shingle
  • Parking Description: On-Street Parking
  • Tax Assessed Valuation: 145700
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: FLOROSTONE REALTY INC.
  • Office MLS ID: 4889
  • Agent ID: 277033
  • Tax: 5540
  • Tax Year: 2024
  • Application Fee: $0

Multi-Family For Sale

For Sale
$750,000

146 Sherman Ave, Newark City, *

  • SQFT 25 Acre
  • Bedroom 7
  • Built Year 1920

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5380055
  • Price: $750,000
  • Bedrooms: 7
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1920
  • Year Built Description: Approximate
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 103

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Sherman Ave
  • Street Number: 146
  • Street Direction: I-280 to Exit 13, Clifton Ave. Turn right on Clift
  • Floor Number: 0
  • Longitude: W75° 48' 47.2''
  • Latitude: N40° 43' 12.6''
  • Internet Display Address: No
Property