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    146 Sherman Ave Newark, NJ 07114

    For Sale
    $750,000

    Commercial - Newark City, NJ

    Property size:
    3,900 SF
    Lot size:
    0.06 Acres
    Days on Market:
    104
    Last Refresh:
    Dec 7 at 6:06 am

    Property Features for 146 Sherman Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Basement
    Basement Y/N
    1
    Size
    3,900 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Floors in Building
    3
    Number of units
    4
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Grisela Flores (908) 445-5339 [email protected]

    Listing agent GRISELA FLORES (908) 445-5339

    Listing date Aug 26, 2025

    MLS# 3982628 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Mixed-Use Newark City Gem

    Located in Newark City, this fully renovated mixed-use property at 146 Sherman Ave features a street-level retail space and three residential units. The property has been thoughtfully updated with contemporary finishes, newer mechanical systems, and stylish details. The units feature central air, updated kitchens and baths, and ample natural light. The property is a four-unit property with a lot size of 0.06 acres and a property size of 3,900 square feet. The zoning is R-3. The property is located near transit, shops, and major highways. Garage rental income adds bonus cash flow. It presents an ideal turnkey investment or live-work opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.18689
    Latitude
    40.72016

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    FAQs

    What type of property is this?
    Mixed-use property - Fully renovated mixed-use property with retail and residential units.
    Where is this mixed-use property located?
    The property is located at 146 Sherman Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Fully renovated mixed-use property with retail space and three residential units.; - Strong rental potential with robust Net Operating Income (NOI).; - Low taxes and minimal operating expenses.
    (908) 445-5339
    Request Owner's contact information
    146 Sherman Ave Newark, NJ 07114
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    Newark, NJ 07114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    146 Sherman Ave Newark, NJ 07114
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