83 Sherman Avenue, Newark, NJ 07114 - Photo 1

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$700,000

For Sale
Under Contract
Multi-Family
8 Total Beds
2 Car Garage
Updated 6 days ago

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Property Description

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

Full Property Details for 83 Sherman Ave

General

Price: $700,000
Taxes: $7,914
Status: Under Contract
Type: Multi-Family
Source: NJMLS
MLS ID: 26020460
Updated: 6/17/2026
Added to Site: 21 day(s) ago

Interior

Number of Rooms: 15

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 4

Bedrooms

Total Bedrooms: 8

Other Rooms

Laundry: None

Additional Information

Other Features: Other

Parking

Garage: Yes
Garage Spaces: 2

Location

Area: Newark
County: ESSEX

Utilities

Utility Description: Sep Elec, Sep Gas, Sep Heat, Sep Water

Structural Information

Architectural Style: 3 Family
Description/Design: Other

Financial Considerations

For Sale: Yes
For Sale/Rent/Lease: For Sale
Tax Amount: $7,914

Listed by Keller Williams Realty - NJ Metro Group (973) 783-7400, Brendan Dasilva (862) 213-0008

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Listing agent

— 83 Sherman Ave —

Brendan Dasilva

Keller Williams Realty - NJ Metro Group

(862) 213-0008

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NMLS#: 1598647

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Schools

Schools serving 83 Sherman Ave

School District:Newark City School District

Name	Grades	Distance
Miller Street Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108	PK-8	0.2 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	0.8 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	0.8 mi
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108	9-12	0.4 mi
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103	9-12	0.7 mi
East Side High School 238 Van Buren Street, Newark, NJ 07105	9-12	1.4 mi
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105	PK-8	0.8 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	1.1 mi
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112	K-8	1.2 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

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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 83 Sherman Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$7,526

$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

$197,900

—

2018

$7,308

$197,900

—

2017

$7,045

$197,900

—

2016

$6,808

$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.

Estimate the Cost

Estimate the Cost for 83 Sherman Ave

83 Sherman Avenue, Newark, NJ 07114 (MLS# 26020460) is a Multi-Family property with units containing 8 bedrooms and 4 full bathrooms. 83 Sherman Avenue is currently listed for $700,000 and was received on June 03, 2026. Want to learn more about 83 Sherman Avenue? 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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83 Sherman Ave Newark, NJ 07114