For Multi Family

168 Sherman Ave,Newark City, NJ 07114-1757

October 17, 2025

Must see legal 6 Family Investment opportunity! Hi Completely renovated inside & out in 2020, this turn-key property features major updates including a new roof, beams, plumbing, electrical, siding and HVAC systems. Each unit offers 2 bedrooms, 1 bath, an open-concept kitchen/dining area, high ceilings, stainless steel appliances, and is internet, phone and cable ready. A camera/intercom system is installed in every unit for added security and convenience. All separate utilities and a bonus finished basement. Located near Downtown Newark, Newark International Airport, Newark Penn Station with easy access to major highways and public transportation, this is a great chance to lock into a market with rising demand and solid growth potential.

Property ID:PT-4284840-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 1,290,000 $

Bedrooms:12

Year Built:9999

Listing Details

Status: Active

Location

County: Essex

Lotsize: 33.10X100

Lot Identifier: 22

Lot Description: Level Lot

Lot Identifier: 22

Home Details

Open Parking: 0

Basement: Yes

Renovated: 2020

Basmnt/Desc: Yes - Finished, Full

Acreage: 0.08

Total Baths: 7.10

Unit Style: 3-Three Story

Number of Units: 4

Rooms: 29

Easement/Desc: Unknown

Exterior Description: Vinyl Siding

Roof Description: Asphalt Shingle

Possesion: At closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 4

Unit 1 Beds: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 2 Levels: 1

Unit 2 Rooms: 4

Unit 2 Beds: 2

Unit 2 Baths: 1.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 3 Levels: 1

Unit 3 Rooms: 4

Unit 3 Beds: 2

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator, Smoke Detector

Unit 4 Levels: 1

Unit 4 Rooms: 4

Unit 4 Beds: 2

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 4 Handicap: No

Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room

Garage Description: None

Block Identifier: 2786

County Number: 16

Town Number: 1614

YB/Desc: 9999 - Unknown

Easement: Unknown

Parking/Driveway Description: None

Block Identifier: 2786

County Number: 16

Town Number: 1614

Possession: At closing

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 4+ Units, Forced Hot Air

Cool System: 4+ Units, Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-02786-0000-00022-0000-

Tax Amount: $21,867.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2024

Land Assessment: $140,000.00

Building Assessment: $435,000.00

Total Assessment: $575,000.00

FHA Age Restricted: No

Other

Zoning: I-1 Light Ind

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Listing Details

168 Sherman Ave,Newark City, NJ 07114-1757

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