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Upgraded Duplex With Walkout Basement
New
For Sale
Contact for pricing
Pending

61 Sherman Avenue, Newark, NJ 07114

Two-family property with updated systems, finished lower-level living space, and a maintained outdoor area.

Property SizeContact for details
Days on Market2

Property Features for 61 Sherman Avenue

General Information

Standard status Pending
Property subtype Multi Family 2-4 Units

Additional Details

Multifamily Units 2

Building Details

Buildings 1
Listing Agency: Coldwell Banker, Wayne
Listed By: Thalita Valjevac
Source: Capmarkrealty
Added: Sep 8 Last Checked: Sep 8 at 2:47PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker, Wayne

Investment Insights

Based on property information with market context.

This duplex at 61 Sherman Avenue in Newark, New Jersey, offers a two-family residential configuration with multiple documented upgrades. Improvements include two tankless water heaters, updated lighting, and a security camera system.

The finished walkout basement adds two bedrooms along with flexible living space. Outside, the property includes a well-maintained backyard suited to everyday outdoor use and gatherings. The combination of separate two-family functionality, upgraded features, and additional finished space creates a practical multifamily property within Newark.

Key Highlights

  • Two‑family duplex configuration at 61 Sherman Avenue, Newark, NJ 07114
  • Finished walkout basement with 2 bedrooms and flexible living space
  • 2 tankless water heaters

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Skin Care Clinic Acupuncture Tanning Salon Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,745
Businesses Nearby

Demographics for 07114, NJ

17,767
Population
4,694
Households
3.8
Avg Household Size
39
Median Age
9%
College-Educated
69%
High-School Grad
7.9 sq mi
ZIP Area
2,249
Density / Sq Mi
$34,167
Median Household Income
$35,916
Median Earnings
$616
Median Rent
$384,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family property with updated systems, finished lower-level living space, and a maintained outdoor area.
Where is this duplex located?
The property is located at 61 Sherman Avenue Newark, NJ.
What are key features of this property?
This property features: Two‑family duplex configuration at 61 Sherman Avenue, Newark, NJ 07114; Finished walkout basement with 2 bedrooms and flexible living space; 2 tankless water heaters
More about this property
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