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$650,000

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • Updated 8 hours ago
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Secure your position in one of Newark's strongest rental markets before the market catches up. This 16-room, 3-family in the high-demand Weequahic section offers immediate cash flow, two vacant units for an owner-occupant or savvy investor, and a clear path to $6,500-$7,000 per month in gross rental income through modest updates and future lease turnover. Two units can be delivered vacant, allowing an owner-occupant to live in one while renting the other at market rate from day one, or an investor to stabilize both at current market rents. The second-floor unit provides stable in-place income with a tenant secured through October 2027, with rent repositioning potential upon lease expiration. Mortgage assumption at a below-market rate may be available, subject to lender approval, a rare financing advantage in today's rate environment. The Lionsgate Studios Newark campus, now under development, signals the South Ward's trajectory. Buyers who move now are purchasing ahead of that momentum. Features include separate utilities, a full unfinished basement with expansion potential, and convenient access to Weequahic Park, Newark Beth Israel Medical Center, Newark Liberty International Airport, major highways, and public transportation. Property sold as-is. Buyer responsible for Newark Certificate of Code Compliance and NJ DCA Green Card requirements.

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: 8/8/2026
  • Added to Site: 98 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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Listing agent

— 180 Shephard Ave —

  • Compass New Jersey Llc

551-200-7590

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 180 Shephard Ave

School District:Newark City School District
NameGradesDistance
George Washington Carver Elementary School
333 Clinton Place, Newark, NJ 07112
PK-80.3 mi
B.R.I.C.K. Peshine Academy
433 Peshine Avenue, Newark, NJ 07112
K-80.4 mi
Belmont-Runyon Elementary School
1 Belmont Runyon Way, Newark, NJ 07108
K-80.7 mi
Weequahic High School
279 Chancellor Avenue, Newark, NJ 07112
9-120.5 mi
Malcolm X Shabazz High School
80 Johnson Avenue, Newark, NJ 07108
9-121.1 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-121.6 mi
Cleveland Elementary School
388 Bergen St, Newark, NJ 07103
K-61.6 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-81.8 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-82.2 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
Get Price Alerts and Save Property
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 for 180 Shephard Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,934
7%
$173,400
—
2022
$6,478
—
$173,400
—
2021
$6,475
33%
$173,400
—
2021
$4,881
-24%
$173,400
—
2018
$6,404
4%
$173,400
—
2017
$6,173
3%
$173,400
—
2016
$5,965
4%
$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 for 180 Shephard Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Compass New Jersey Llc

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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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