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    146 Sherman Ave Newark, NJ 07114

    New
    For Sale
    $750,000

    Multi-Family, See Remarks - Newark City, NJ

    Lot size:
    0.06 Acres
    Days on Market:
    4
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 146 Sherman Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Family Room, Kitchen
    Bedrooms
    7
    Bathrooms
    3
    Basement Y/N
    1
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    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 Dec 2, 2025

    MLS# 3982620 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

    Newark Mixed-Use Investment Opportunity

    This four-unit property features a retail space and three residential apartments. Two of the residential units have been updated. The property includes a three-car garage that offers additional rental income. The property is located near Newark Penn Station, bus lines, local shops, and major highways. With low taxes and minimal operating expenses, this property presents a turnkey investment or live-work opportunity with a strong net operating income. The lot size is 0.06 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    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 - Four units with retail space near Newark Penn Station.
    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: - Strong NOI and low operating expenses, a turnkey investment or live-work opportunity.; - Prime location near Newark Penn Station, bus lines, local shops, and major highways.; - Mixed-use property with retail space and three residential apartments.
    (908) 445-5339
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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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