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About This Home

This 8-bedroom, 4-bathroom residential multi family at 83 Sherman Ave in Newark City, NJ is listed for $700,000. Built in 1917, on a 0.09 acres lot.

Agent Description

Totally Updated Legal 3-Family Investment Opportunity! This fully renovated and legally 3-family property offers an exceptional opportunity for both investors and owner-occupants. Featuring spacious units, a walk-out basement, ample off-street parking, and a large oversized garage, this property combines functionality with strong income potential.

Conveniently located near major highways, Newark Liberty International Airport, public transportation, shopping, dining, and other everyday amenities, it provides easy access for commuters and tenants alike. Whether you're looking to expand your portfolio or live in one unit while generating rental income from the others, this versatile property is one you won't want to miss.

Key Features

  • Built in 1917
  • 0.09 acre lot
  • 4 parking spaces

Property Details

4 full
4 spaces
1917

Amenities

Basement

Monthly Cost Estimate

$3,744/mo

20% down · 6.5% · 30 years

Principal$506
Interest$3,033
Insurance$204

Estimates only. Actual payments may vary.

Location

83 Sherman Ave

Newark City, NJ 07114-2973

Property Details

Construction

Vinyl Siding

Parking

Driveway

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 8-bedroom, 4-bathroom residential multi family at 83 Sherman Ave is listed at $700,000. The estimated monthly payment is $3,033 based on 20% down at 6.5% interest.

Key features include: Built in 1917, 0.09 acre lot, 4 parking spaces.

This property is listed by BRENDAN DASILVA and can be reached at 9737837400 or offers@dasilvateamnj.com.

BD

BRENDAN DASILVA

Agent at KELLER WILLIAMS - NJ METRO GROUP

(973) 783-7400

Listed by KELLER WILLIAMS - NJ METRO GROUP · View on Broker Site

MLS# 4031873· Source: listhub· Updated 1 days ago

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.

83 Sherman Ave, Newark City, NJ 07114-2973

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