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$700,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 2 Car Garage
  • Updated 11 hours ago

Next open house:

Open House: 11:00 AM - 1:00 PM

Saturday 6/6 11:00 AM - 1:00 PM

83 Sherman Ave,Newark, NJ 07114

83 Sherman AveNewarkNJ07114

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Totally Updated Legal 3-Family Investment Opportunity! This fully renovated and legally 3-family property offers an exceptional opportunity for both investors and owner-occupants. Featuring spacious units, a walk-out basement, ample off-street parking, and a large oversized garage, this property combines functionality with strong income potential. Conveniently located near major highways, Newark Liberty International Airport, public transportation, shopping, dining, and other everyday amenities, it provides easy access for commuters and tenants alike. Whether you're looking to expand your portfolio or live in one unit while generating rental income from the others, this versatile property is one you won't want to miss.

Full Property Details for 83 Sherman Ave

General

  • Price: $700,000
  • Taxes: $7,914 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4031873
  • Updated: Today (6/3/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 15

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Garage Description: Detached Garage

Location

  • County: Essex
  • Driving Directions: Google Maps

Heating & Cooling

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

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Natural Gas

Structural Information

  • Architectural Style: See Remarks
  • Exterior Const.: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Finished
  • Roof: See Remarks
  • Year Built: 1917

Unit Information

Unit 1

  • Unit Description: Bedrooms, Dining Room, Kitchen, Living Room
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

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

Unit 3

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

Lot Features

  • Lot Size (Acres): 0.09
  • Lot Dimensions: 33 x 112.6
  • Driveway/Sidewalk: Driveway-Exclusive

Financial Considerations

  • Assessment Amount: $146,400
  • Land Assmt: $51,500
  • Tax Amount: $7,914
  • Tax Year: 2025

Disclosures and Reports

  • Block: 2803
  • Lot Number: 27

Listed by Keller Williams - Nj Metro Group

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Listing agent

— 83 Sherman Ave —

  • Keller Williams - Nj Metro Group

973-783-7400

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 83 Sherman Ave

School District:Newark City School District
NameGradesDistance
Miller Street 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-80.8 mi
Cleveland Elementary School
388 Bergen St, Newark, NJ 07103
K-60.8 mi
Malcolm X Shabazz High School
80 Johnson Avenue, Newark, NJ 07108
9-120.4 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-120.7 mi
East Side High School
238 Van Buren Street, Newark, NJ 07105
9-121.4 mi
Oliver Street Elementary School
86 Oliver Street, Newark, NJ 07105
PK-80.8 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-81.1 mi
B.R.I.C.K. Peshine Academy
433 Peshine Avenue, Newark, NJ 07112
K-81.2 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 83 Sherman Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/03/2026
Listed
$700,000
60.92%
MLS
11/18/2025
Sold
$435,000
—
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 83 Sherman Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,526
2%
$197,900
—
2023
$7,378
—
$197,900
—
2022
$7,394
—
$197,900
—
2021
$7,390
33%
$197,900
—
2021
$5,571
-25%
$197,900
—
2019
$7,443
2%
$197,900
—
2018
$7,308
4%
$197,900
—
2017
$7,045
3%
$197,900
—
2016
$6,808
4%
$197,900
—
2015
$6,549
12%
$197,900
—
2013
$5,844
—
$197,900
—
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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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams - Nj Metro Group

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83 Sherman Ave, Newark, NJ 07114 (MLS# 4031873) is a Multi-Family property with 3 units containing 8 bedrooms and 4 full bathrooms. 83 Sherman Ave is currently listed for $700,000 and was received on June 03, 2026. Want to learn more about 83 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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