Active

$800,000

240 Sherman Ave, Newark City, NJ 07114

6beds

2,586sqft

$5,430/mo

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Multi Family

Built in 2005

-- sqft lot

$803,700 Zestimate^®

$309/sqft

$-- HOA

What's special

Attractive brick exteriorFully finished basementPlenty of natural lightDistinctive designWalk-in closetLarge bay-style windowsConvenient two-car garage

Charming well-maintained multi-level home featuring a distinctive design with an attractive brick exterior and large bay-style windows that provide plenty of natural light. The first and second floors feature 3 bedrooms, 2 full bathrooms, a walk-in closet, and a bright open-concept layout that seamlessly connects the living room, dining area, and kitchen. The fully finished basement adds valuable living space and versatility. Additional highlights include a gated driveway offering off-street parking, a convenient two-car garage, and a dedicated laundry room with washer and dryer hookups. Conveniently located near major highways, public transportation, Newark Liberty International Airport, shopping, restaurants, and parks. Great opportunity for homeowners or investors.

184 days
163
10

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5
Full bathrooms: 5

Heating

2 Units, Forced Air, Natural Gas

Cooling

2 Units, Central Air

Appliances

Included: Exhaust Fan, Kitchen Exhaust Fan

Features

Walk-In Closet(s), Bedrooms, Dining Room, Kitchen, Living Room, Master Bedroom, See Remarks, Storage
Flooring: Wood
Basement: Yes,Finished
Has fireplace: No

Interior area

Total structure area: 2,586
Total interior livable area: 2,586 sqft

Property

Parking

Total spaces: 2
Parking features: Additional Parking, See Remarks, Built-In Garage, Garage Door Opener
Attached garage spaces: 2
Uncovered spaces: 2

Features

Levels: Two
Stories: 2

Lot

Size: 2,613 Square Feet
Dimensions: 26.8 x 100
Features: Corner Lot

Details

Parcel number: 1614027700000000170000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 2005

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector

Location

Region: Newark

Financial & listing details

Price per square foot: $309/sqft
Tax assessed value: $262,000
Annual tax amount: $10,477
Date on market: 3/5/2026
Exclusions: Major household appliances, chandeliers & ceiling fans are excluded.
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

$803,700

$764,000 - $844,000

$2,780/mo

Price history

Date	Event	Price
3/5/2026	Listed for sale	$800,000+87.8%$309/sqft
Source: GSMLS #4012881 Report a problem
1/5/2006	Sold	$426,000+326%$165/sqft
Source: Public Record Report a problem
10/28/2003	Sold	$100,000+85.2%$39/sqft
Source: Public Record Report a problem
3/28/2001	Sold	$54,000$21/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,477 +5.2%	$262,000
2024	$9,964 +0.1%	$262,000
2023	$9,956	$262,000
2022	$9,956	$262,000
2021	$9,956 +1%	$262,000
2020	$9,854 +37.4%	$262,000
2019	$7,170	$262,000
2018	$7,170 -20.5%	$262,000
2017	$9,013 +4%	$262,000
2016	$8,670 +6.7%	$262,000
2015	$8,125 +5%	$262,000
2014	$7,737 -30.5%	$262,000
2013	$11,140	$262,000