233 Shephard Ave Newark, NJ 07112
MULTI_FAMILY - Newark City, NJ
- Added:
- Apr 25, 2026
- Days on Market:
- 78
- Last Refresh:
- Jul 11 at 9:06 am
Property Features for 233 Shephard Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Basement, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 6, Bathroom 2
- Parking
- 2
- Security features
- Security System
- Patio and Porch features
- Patio
- Interior features
- Blinds, Carbon Monoxide Detector, Carpeting, Security System, Shades, Smoke Detector, Tile Floors, Wood Floors
- Exterior features
- Gazebo, MetalFnc, Patio, FencPriv, StrmDoor, StrmWind, FencVnyl
- Fencing
- Fenced
- Standard status
- Pending
- Size
- 2,424 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6246
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Gazebo
Listing agent TRACY CHERRY-ARNOLD (908) 338-0639
Listing office EXIT PLATINUM REALTY 200 CLARMONT AVE, Montclair, NJ (973) 746-4777
Listing date Apr 25, 2026
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.
Investment Insights
Based on property information with market context.
Located in Newark City, the home benefits from proximity to local transportation, a hospital, train and airport access, as well as nearby shops and highways. The setting is described as part of the Weequahic section, with an easy commute to surrounding amenities.
For buyers considering owner occupancy, this layout supports flexible living arrangements while maintaining separate unit functionality. It also serves investors and operators seeking a straightforward duplex configuration where both units feature renovated kitchen upgrades, in-unit laundry, and central HVAC.
Key Highlights
- 2‑family home in Weequahic section with 7 bedrooms and 2 bathrooms
- Renovated kitchens in each unit with stainless steel appliances and granite countertops
- Hardwood floors throughout plus tile floors
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.7k | $25.44 |
| − Vacancy | −$3.0k | −$1.23 |
| EGI | $58.7k | $24.21 |
| − OpEx | −$17.6k | −$7.26 |
| NOI | $41.1k | $16.95 |
