83 Sherman Ave
Newark City, NJ 07114
Price: $700,000
GSMLS: 4031873Type: Multi-Family
Style: See Remarks
Total Units: 3
Beds: 8
Baths: 4 Full
Garage: 2-Car
Year Built: 1917
Acres: 0.09
Property Tax: $7,914
Description
Open House Today 11AM–1PM.
Totally Updated Legal 3-Family Investment Opportunity! This fully renovated and legally 3-family property offers an exceptional opportunity for both investors and owner-occupants. Featuring spacious units, a walk-out basement, ample off-street parking, and a large oversized garage, this property combines functionality with strong income potential. Conveniently located near major highways, Newark Liberty International Airport, public transportation, shopping, dining, and other everyday amenities, it provides easy access for commuters and tenants alike. Whether you're looking to expand your portfolio or live in one unit while generating rental income from the others, this versatile property is one you won't want to miss.General Info
Style:
See Remarks
SqFt Building:
n/a
Total Rooms:
15
Basement:
Yes - Finished
Interior:
n/a
Roof:
See Remarks
Exterior:
Vinyl Siding
Lot Size:
33X112.6
Lot Desc:
n/a
Parking
Garage Capacity:
2-Car
Description:
Detached Garage
Parking:
Driveway-Exclusive
Spaces Available:
4
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Forced Hot Air
Heating Fuel:
Gas-Natural
Cooling:
Central Air
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$700,000
Tax Amount:
$7,914
Land Assessment:
$51,500
Build. Assessment:
$146,400
Total Assessment:
$197,900
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4031873
List Date:
06-03-2026
Days On Market:
2
Listing Broker:
KELLER WILLIAMS - NJ METRO GROUP
Listing Agent:
Brendan Dasilva
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: TownsquareVillageLiving.com
