Listing Details

70 Sherman Ave,Newark City, NJ 07114-1809

  • February 5, 2026

Description

Discover the perfect investment opportunity with this large, well-maintained 2-family home featuring a bonus attic apartment. The property offers exceptional space, versatility, and rental potential and will be delivered fully vacant, making it ideal for both homeowners and investors. The first and second floors each offer 3 spacious bedrooms. The attic level features a bonus apartment complete with 2 bedrooms, 1 full bath, and a kitchen, providing additional living or income-producing space. Enjoy the convenience of separate utilities and a generous basement with plenty of room for storage or a laundry setup. With its expansive layouts and move-in-ready condition, this property offers endless possibilities.Don’t miss the chance to own this spacious, income-generating multi-family home!

Details

Last Updated On: February 5th, 2026 at 4:25 pm
Property ID:PT-27231936-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 599,999 $
Bedrooms:8
Year Built:1900

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 25X100
Lot Identifier: 7
Lot Identifier: 7

Home Details

Open Parking: 0
Basement: Yes
Basmnt/Desc: Yes - Unfinished
Acreage: 0.06
Total Baths: 3.00
Unit Style: 2-Two Story
Number of Units: 3
Rooms: 13
Easement/Desc: No
Exterior Description: Aluminum Siding
Possesion: 0-30
Unit 1 Appliances/Equipment: CarbMDet,CookGas,RgOvGas,Refrig
Unit 1 Levels: 1
Unit 1 Rooms: 4
Unit 1 Beds: 3
Unit 1 Baths: 1.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 1 Handicap: No
Unit 1 Room Description: Bedrooms, Kitchen
Unit 2 Appliances/Equipment: CarbMDet,CookGas,RgOvGas,Refrig
Unit 2 Levels: 2
Unit 2 Rooms: 5
Unit 2 Beds: 3
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 2 Handicap: No
Unit 2 Room Description: Bedrooms, Kitchen, Living/Dining Room
Unit 3 Appliances/Equipment: CarbMDet,CookGas,RgOvGas,Refrig
Unit 3 Levels: 3
Unit 3 Rooms: 3
Unit 3 Beds: 2
Unit 3 Baths: 1.0
Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 3 Handicap: No
Unit 3 Room Description: Bedrooms, Eat-In Kitchen
Block Identifier: 2809
County Number: 16
Town Number: 1614
YB/Desc: 1900 - Approximate
Easement: No
Parking/Driveway Description: On-Street Parking
Block Identifier: 2809
County Number: 16
Town Number: 1614
Possession: 0-30

Utilities

Heat Source: Gas-Natural
Heat System: 2 Units
Cool System: Central Air
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-02809-0000-00007-0000-
Tax Amount: $15,984.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Land Assessment: $45,100.00
Building Assessment: $375,200.00
Total Assessment: $420,300.00
FHA Age Restricted: No

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