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$850,000 -$45,000 (-5.03%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • 1 Car Garage
  • Updated 3 days ago
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BACK ON MARKET-PRIME 2 -FAMILY HOME IN NEWARK!Excellent opportunity to own a well-located 2-family home in one of Newark's most desirable areas!LOCATION, LOCATION, LOCATION: Ideally situated near Newark Penn Station, Newark Liberty International Airport, and just minutes from the vibrant IROUNBOUND DISTRICT, known for its top -rated restaurants, shops, and nightlife.Full basement with full bathroom.STRONG RENTAL INCOME POTENTIAL!Easy access to NYC, major highways, public transportation, and local amenities.DON'T MISS THIS OPPORTUNITY TO OWN IN A HIGHLY SOUGHT-AFTER LOCATION WITH EXCELLENT GROWTH POTENTIAL!

Full Property Details for 72 Sherman Ave

General

  • Price: $850,000
  • Taxes: $9,667 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 3996314
  • Updated: 3/18/2026
  • Added to Site: 138 day(s) ago

Interior

  • Number of Rooms: 13

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5

Bedrooms

  • Total Bedrooms: 6

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Garage Description: Built-In Garage

Location

  • County: Essex
  • Driving Directions: Frelinghuysen Ave at South Sherman Ave

Heating & Cooling

  • Cooling Type: 2 Units, Central Air Conditioning
  • Heating Type: 2 Units, Forced Hot Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Available
  • Water: Public Water
  • Utility Description: All Underground

Structural Information

  • Architectural Style: 2-Two Story
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Finished, Full
  • Roof: Asphalt Shingles
  • Year Built: 2004
  • Remodeled/Updated: 2024

Unit Information

Unit 1

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Family Room, Kitchen, Living/Dining Room
  • Levels/Stories: 1
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Family Room, Kitchen, Living/Dining Room
  • Levels/Stories: 2
  • Total Bathrooms: 2
  • Bedrooms: 3

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Dimensions: 25 x 100
  • Driveway/Sidewalk: 1 Car Width

Financial Considerations

  • Assessment Amount: $209,100
  • Land Assmt: $45,100
  • Tax Amount: $9,667
  • Tax Year: 2024

Disclosures and Reports

  • Block: 2809
  • Lot Number: 6

Listed by Weichert Realtors - Home City

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Listing agent

— 72 Sherman Ave —

  • Weichert Realtors - Home City

201-293-6333

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 72 Sherman Ave

School District:Newark City School District
NameGradesDistance
Louise A. Spencer Elementary School
66 Muhammad Ali Avenue, Newark, NJ 07108
PK-80.2 mi
Belmont-Runyon Elementary School
1 Belmont Runyon Way, Newark, NJ 07108
K-80.9 mi
B.R.I.C.K. Peshine Academy
433 Peshine Avenue, Newark, NJ 07112
K-81.2 mi
Hawthorne Avenue Elementary School
428 Hawthorne Ave, Newark, NJ 07112
K-61.5 mi
South Seventeenth Street Elementary School
619 South 17th Street, Newark, NJ 07103
K-41.6 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-81.6 mi
George Washington Carver Elementary School
333 Clinton Place, Newark, NJ 07112
PK-81.8 mi
Chancellor Avenue Elementary School, Newark, NJ
321 Chancellor Avenue, Newark, NJ 07112
3-82.1 mi
Speedway Academies
701 South Orange Avenue, Newark, NJ 07106
PK-82.3 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 72 Sherman Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/18/2026
Price Reduced
$850,000
-5.03%
MLS
11/04/2025
Listed
$895,000
101.12%
MLS
3/22/2021
Sold
$445,000
—
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 72 Sherman Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,667
2%
$254,200
—
2022
$9,497
4%
$254,200
—
2021
$9,118
—
$254,200
4%
2021
$9,118
33%
$244,200
—
2021
$6,874
-25%
$244,200
—
2019
$9,184
2%
$244,200
—
2018
$9,018
4%
$244,200
—
2017
$8,694
4%
$244,200
—
2016
$8,400
4%
$244,200
—
2015
$8,081
12%
$244,200
—
2013
$7,211
—
$244,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Weichert Realtors - Home City

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72 Sherman Ave, Newark, NJ 07114 (MLS# 3996314) is a Multi-Family property with 2 units containing 6 bedrooms and 5 full bathrooms. 72 Sherman Ave is currently listed for $850,000 and was received on November 04, 2025. Want to learn more about 72 Sherman 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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