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Listing Details

232 Sherman Ave,Newark City, NJ 07114-1618

  • December 20, 2025

Description

Remodeled 2 family 3 bedrooms each. Close to mass transit shops and downtown. Great opportunity for investors or homeowners have the rent pay their mortgage.

Details

Last Updated On: December 20th, 2025 at 12:25 pm
Property ID:PT-20614439-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 539,900 $
Bedrooms:6
Year Built:1890

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 25X100
Lot Identifier: 21
Lot Description: Level Lot
Lot Identifier: 21

Home Details

Open Parking: 0
Basement: Yes
Renovated: 2024
Basmnt/Desc: Yes - Bilco-Style Door, Unfinished
Acreage: 0.06
Total Baths: 2.00
Unit Style: 2-Two Story
Number of Units: 2
Rooms: 10
Easement/Desc: No
Exterior Description: Vertical Siding
Roof Description: Asphalt Shingle
Possesion: at closing
Unit 1 Appliances/Equipment: CookGas,SmokeDet
Unit 1 Levels: 1
Unit 1 Rooms: 6
Unit 1 Beds: 3
Unit 1 Baths: 2.0
Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Unit 1 Handicap: No
Unit 1 SqFt: 1000
Unit 1 Room Description: Eat-In Kitchen
Unit 2 Appliances/Equipment: CookGas,SmokeDet
Unit 2 Levels: 1
Unit 2 Rooms: 6
Unit 2 Beds: 3
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Unit 2 Handicap: No
Unit 2 SqFt: 1000
Unit 2 Room Description: Eat-In Kitchen
Block Identifier: 2770
County Number: 16
Town Number: 1614
YB/Desc: 1890 - Approximate
Easement: No
Parking/Driveway Description: On-Street Parking
Block Identifier: 2770
County Number: 16
Town Number: 1614
Possession: at closing

Taxes, Fees & Assessments

Gross Operating Income: 52800
Net Operating Income: 42800
Warranty: No
Tax ID For Property: 1614-02770-0000-00021-0000-
Tax Amount: $7,419.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Farm Assessment: No
Land Assessment: $47,500.00
Building Assessment: $147,600.00
Total Assessment: $195,100.00
FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural
Heat System: 2 Units
Cool System: None
Water: Public Water
Sewer: Public Sewer
Utilities: All Underground

Features

  • Smoke Detector
  • Wood Fence

Statistics

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539,900 $

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