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    232 Sherman Ave Newark, NJ 07114

    Sponsored
    For Sale
    $539,900

    Multi-Family, 2-Two Story - Newark City, NJ

    Property size:
    2,000 SF
    Lot size:
    0.06 Acres
    Days on Market:
    19
    Last Refresh:
    Jan 6 at 12:06 pm

    Property Features for 232 Sherman Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
    Bedrooms
    6
    Bathrooms
    2
    Interior features
    Smoke Detector
    Exterior features
    Wood Fence
    Fencing
    Fenced, Wood
    Basement Y/N
    1
    Size
    2,000 SF
    Lot size
    0.06 Acres

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Year built
    1890
    Number of units
    2
    Building materials
    Vertical Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Better Homes Realty (800) 531-2885 [email protected]

    Listing agent STEVEN CAPUTI (800) 531-2885

    Listing date Dec 19, 2025

    MLS# 4002282 Listing URL

    Copyright © 2026 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 City Multi-Family Property

    This multi-family property in Newark City, NJ, features two units. Each unit contains 3 bedrooms. The property has been remodeled and is located close to mass transit, shops, and downtown Newark. The lot size is 0.06 acres, and the property size is 2000 square feet. This property presents an opportunity for investors or homeowners looking to offset mortgage costs with rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    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
    -74.18894
    Latitude
    40.71671

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    FAQs

    What type of property is this?
    Duplex - Remodeled two-family property near transit, shops, and downtown.
    Where is this duplex located?
    The property is located at 232 Sherman Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $539,900.
    What are key features of this property?
    This property features: - Remodeled 2-family home; - Each unit features 3 bedrooms; - Close proximity to mass transit, shops, and downtown
    (800) 531-2885
    Request Owner's contact information
    232 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
    232 Sherman Ave Newark, NJ 07114
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