180 Shephard Ave, Newark City, NJ 07112
180 Shephard Ave, Newark City, NJ 07112
180 Shephard Ave, Newark City, NJ 07112
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Naveen Sharma

Naveen Sharma

+1(732) 429-0939
$650,000
Est. payment /mo
8 Beds
3 Baths
3,920 Sqft Lot
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Open House

Sun May 03, 2:00pm - 4:00pm

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Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4024882

Style 3-Three Story

Bedrooms 8

Full Baths 3

Year Built 1923

Annual Tax Amount $6,934

Tax Year 2025

Lot Size 3,920 Sqft

Property Description

Excellent cash flow opportunity in Newark's high-demand Weequahic section. This 16-room, 3-family residence offers immediate income potential with clear built-in upside for a buyer ready to update and reposition. Two units can be delivered vacant, providing flexibility to owner-occupy while maximizing rental income. The second floor offers stable income with a tenant in place through October 2027, along with a near-term opportunity to reposition rents to market. With minimal updates and lease turnover, projected gross rents range from $6,500 to $7,000 per month. There may also be an opportunity to assume the existing mortgage and secure a more favorable interest rate than current market conditions, subject to lender approval, adding an additional layer of financial advantage for the next owner. Separate utilities, full unfinished basement, and a location that checks every box: Weequahic Park, Beth Israel Medical Center, and Newark Liberty International Airport all nearby with easy access to major transit routes. Please note: Sold as-is. Buyer responsible for Newark Certificate of Code Compliance and DCA Green Card.

Location

State NJ

County Essex

Rooms

Basement Unfinished

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features None

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Schools

Elementary Schools G Carver

Middle Schools G Carver

High Schools Weequahic

Others

Senior Community No

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by COMPASS NEW JERSEY LLC

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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180 Shephard Ave