Building Details

Year Built 2000

Listing Agency: Weichert Home City Realty

Listed By: Augusto Verissimo · License #9591085 Show Phone

Source: Compass

Added: Sep 9, 2025 Changed: Sep 2 Last Checked: Sep 1 at 11:31PM

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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 Weichert Home City Realty

Investment Insights

Based on property information with market context.

This multifamily property was built in 2000 and features brick or block exterior construction. Interior details include a basement, while the backyard provides additional outdoor space.

The property is located at 72 Sherman Avenue in Newark, New Jersey 07114. The source information also describes the home as maintained and ready for occupancy.

Key Highlights

• Multifamily property built in 2000
• Brick or block exterior construction
• Basement and backyard included

Property Analytics

Property Profile

Current Use

Multifamily properties

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.

Location Intelligence

Trade Area within ½ mile

1,745

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Multifamily property - The property includes a basement and backyard, with brick or block exterior construction.

Where is this multifamily property located?

The property is located at 72 Sherman Avenue Newark, NJ.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Multifamily property built in 2000; Brick or block exterior construction; Basement and backyard included