Property
Newark City, NJ 07114 146 Sherman Ave
$750,000
23 more
Presented By: FLOROSTONE REALTY INC.; 908-445-5339
Beds • 7
Baths • 3
Garage • 3
Home Details
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!
Presented By: FLOROSTONE REALTY INC.; 908-445-5339
Interior Features for 146 Sherman Ave
Bedrooms
Total Bedrooms7
Unit 1 Beds Total0
Unit 2 Beds Total1
Unit 3 Beds Total3
Unit 4 Beds Total3
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0
Unit 4 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 3 Sq Ft0
Unit 4 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels2
Unit 4 Levels3
UnitType1TotalRent1442
UnitType2TotalRent1243
UnitType3TotalRent1433
Unit 4 Fireplaces0
Unit 4 Appl/EquipSee Remarks
Unit 3 Fireplaces
Unit 3 Handicap ModifiedNo
Unit 4 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipSee Remarks
Unit 2 Appl/EquipSee Remarks
Unit 3 Appl/EquipSee Remarks
BasementUnfinished
Fuel TypeGas-Natural
Other Rooms
Unit 4 Rooms6
Unit 2 Rooms2
Unit 1 Rooms1
Unit 3 Rooms6
Unit 3 Room DescriptionBedrooms, Family Room, Living/Dining Room
Unit 1 Room DescriptionSee Remarks, Storage
Unit 2 Room DescriptionBedrooms, Kitchen, Living/Dining Room
Unit 4 Room DescriptionBedrooms, Kitchen, Living/Dining Room
General for 146 Sherman Ave
Architectural StyleSee Remarks
CoolingCentral Air
CountyEssex
DirectionsI-280 to Exit 13, Clifton Ave. Turn right on Clifton Ave, left on Sherman Ave. Property on the right
DriveOn-Street Parking
EasementUnknown
Elementary SchoolL SPENCER
Full Baths3
GarageDetached Garage
Garage Spaces3
Gross Income9999
HeatingForced Hot Air
High SchoolBELMONT
Middle/Junior High SchoolH WILSON
Net Operating Income9999
Number Of Units Total4
Open Parking Spaces0
Operating Expense9999
PossessionAt Closing
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount5540
Tax Assessed Value145700
Tax Lot25
Tax Year2024
Total Rooms17
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Year Built1920
Exterior for 146 Sherman Ave
Exterior DescriptionVinyl Siding
Lot Dimensions25X100
Lot Size Acres0.06
Water SourcePublic Water
Additional Details
Price History
Schools
Elementary School
L Spencer Elementary School
Middle School
H Wilson Middle School
High School
Belmont High School
Ebonie Clerier
Associate