180 Shephard Ave, Newark, NJ 07112 - Photo 1

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1/23

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$650,000 Just Listed

For Sale
Active
Multi-Family
8 Total Beds
Updated 1 hour ago

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1/23

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. Final & Best Offers Due Monday, May 11, 2026 @ 5 PM.

Full Property Details

Full Property Details for 180 Shephard Ave

General

Price: $650,000
Taxes: $6,934 (2025)
Status: Active
Type: Multi-Family
Source: Garden_State
MLS ID: 4024882
Updated: 5/7/2026
Added to Site: 5 day(s) ago

Interior

Number of Rooms: 16

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 3

Bedrooms

Total Bedrooms: 8

Parking

Garage Description: None

Location

County: Essex
Driving Directions: Clinton Pl. to Shephard Ave.

School Information

Elementary School: G CARVER
Middle School: G CARVER
High School: WEEQUAHIC

Heating & Cooling

Cooling Type: Window A/C(s)
Heating Type: Baseboard - Hotwater
Heating Fuel: Natural Gas
Water Heater: Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Natural Gas, Cable TV Available

Structural Information

Architectural Style: 3-Three Story
Exterior Const.: Vinyl Siding
Basement: Yes
Basement Desc.: Unfinished
Roof: Asphalt Shingles
Year Built: 1923

Unit Information

Unit 1

Unit Description: Bedrooms, Den, Eat-In Kitchen, Living Room
Levels/Stories: 1
Total Bathrooms: 1
Bedrooms: 3

Unit 2

Unit Description: Bedrooms, Den, Eat-In Kitchen, Living/Dining Room
Levels/Stories: 1
Total Bathrooms: 1
Bedrooms: 3

Unit 3

Unit Description: Bedrooms, Kitchen, Living Room
Levels/Stories: 1
Total Bathrooms: 1
Bedrooms: 2

Lot Features

Lot Size (Acres): 0.09
Lot Dimensions: 40 x 100
Driveway/Sidewalk: 1 Car Width, Driveway-Exclusive, Off-Street Parking

Financial Considerations

Assessment Amount: $144,000
Land Assmt: $29,400
Tax Amount: $6,934
Tax Year: 2025

Disclosures and Reports

Exclusions: Personal Items
Disclosures: Yes
Block: 3664
Lot Number: 35

Listed by Compass New Jersey Llc

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— 180 Shephard Ave —

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Schools

Schools serving 180 Shephard Ave

School District:Newark City School District

Name	Grades	Distance
George Washington Carver Elementary School 333 Clinton Place, Newark, NJ 07112	PK-8	0.3 mi
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112	K-8	0.4 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	0.7 mi
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112	9-12	0.5 mi
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108	9-12	1.1 mi
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103	9-12	1.6 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	1.6 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	1.8 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	2.2 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 180 Shephard Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

5/02/2026

Listed

$650,000

106.35%

MLS

12/28/2012

Sold

$315,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 180 Shephard Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$6,594

$173,400

—

2022

$6,478

—

$173,400

—

2021

$6,475

33%

$173,400

—

2021

$4,881

-24%

$173,400

—

2018

$6,404

$173,400

—

2017

$6,173

$173,400

—

2016

$5,965

$173,400

—

2015

$5,738

-12%

$173,400

—

2019

$6,522

27%

$173,400

—

2013

$5,120

—

$173,400

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 180 Shephard Ave

180 Shephard Ave, Newark, NJ 07112 (MLS# 4024882) is a Multi-Family property with 3 units containing 8 bedrooms and 3 full bathrooms. 180 Shephard Ave is currently listed for $650,000 and was received on May 02, 2026. Want to learn more about 180 Shephard Ave? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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180 Shephard Ave Newark, NJ 07112

Full Property Details for 180 Shephard Ave

General

Interior

Rooms

Bathrooms

Bedrooms

Parking

Location

School Information

Heating & Cooling

Utilities

Structural Information

Unit Information

Unit 1

Unit 2

Unit 3

Lot Features

Financial Considerations

Disclosures and Reports

Quickly Find Out More

Quickly Find Out More

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Schools serving 180 Shephard Ave

Price & Sales History for 180 Shephard Ave Get Price Alerts and Save Property

Tax History for 180 Shephard Ave

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