Three-Family Income
For Sale
Contact for pricing
Pending
180 Shephard Avenue, Newark, NJ 07112
Three-family residence with a full unfinished basement and separate utilities, sold as-is.
Property SizeContact for details
Days on Market124
Property Features for 180 Shephard Avenue
General Information
Standard status
Pending
Property subtype
Multi Family 2-4 Units
Additional Details
Multifamily Units
3
Building Details
Tenancy
Multi
Listing Agency:
Compass New Jersey, LLC-Montclair
Listed By:
Cynthia Lubin · License #300635
(551) 200-7590
Source:
Capmarkrealty
Added: May 9
Changed: Sep 8
Last Checked: Aug 25 at 3:40AM
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 Compass New Jersey, LLC-Montclair
Investment Insights
Based on property information with market context.
This three-family income residence features 16 rooms across three units and includes a full unfinished basement. The property is sold as-is, and buyers are responsible for obtaining a Newark Certificate of Code Compliance and the DCA Green Card.
The layout includes separate utilities for the units, supporting individual tenant billing. The second-floor unit is currently tenant-occupied through October 2027, while two units can be delivered vacant, offering flexibility for an owner-occupant or rental re-tenanting.
Located in Newark’s Weequahic section, the home is described as having access to major transit routes, with Weequahic Park, Beth Israel Medical Center, and Newark Liberty International Airport noted as nearby.
The layout includes separate utilities for the units, supporting individual tenant billing. The second-floor unit is currently tenant-occupied through October 2027, while two units can be delivered vacant, offering flexibility for an owner-occupant or rental re-tenanting.
Located in Newark’s Weequahic section, the home is described as having access to major transit routes, with Weequahic Park, Beth Israel Medical Center, and Newark Liberty International Airport noted as nearby.
Key Highlights
- Three‑family residence built in 1923 with 16 total rooms
- Two units can be delivered vacant, offering flexibility to owner‑occupy while maintaining rental income
- Second‑floor tenant in place through October 2027
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,713
Businesses Nearby
Explore this area
Business Placement
Demographics for 07112, NJ
29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family residence with a full unfinished basement and separate utilities, sold as-is.
Where is this triplex located?
The property is located at 180 Shephard Avenue Newark, NJ.
What are key features of this property?
This property features: Three‑family residence built in 1923 with 16 total rooms; Two units can be delivered vacant, offering flexibility to owner‑occupy while maintaining rental income; Second‑floor tenant in place through October 2027
