Under contract

$819,000

61 Sherman Ave, Newark City, NJ 07114

8beds

2,700sqft

$5,886/mo

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Multi Family

Built in 2010

-- sqft lot

$838,000 Zestimate^®

$303/sqft

$-- HOA

What's special

Finished walkout basementBeautifully maintained backyardFlexible living spaceTwo bedroomsUpgraded lightingSecurity camera system

Well-maintained two-family home in excellent condition with numerous upgrades throughout. Features include 2 tankless hot water heater, upgraded lighting, security camera system, and many additional improvements. The finished walkout basement offers two bedrooms and flexible living space. Step outside to a beautifully maintained backyard, perfect for relaxing, entertaining, or enjoying outdoor gatherings. A fantastic opportunity for both owner-occupants and investors alike.

59 days
23
0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 5
Full bathrooms: 5

Heating

2 Units, Forced Air, Natural Gas

Cooling

2 Units, Central Air

Appliances

Included: Dishwasher, Instant Hot Water, Microwave, Range/Oven - Gas, Refrigerator, Microwave Oven

Features

Bedrooms, Eat-in Kitchen, Family Room, Kitchen, Living/Dining Room, Master Bedroom, Dining Room, Eat-In Kitchen
Basement: Yes,Finished,Walk-Out Access
Has fireplace: No

Interior area

Total structure area: 2,700
Total interior livable area: 2,700 sqft

Property

Parking

Total spaces: 2
Parking features: 2 Car Width, Attached Garage
Attached garage spaces: 1
Uncovered spaces: 2

Features

Levels: 3-Three Story
Stories: 3

Lot

Size: 3,049 Square Feet
Dimensions: 27 x 112.6

Details

Parcel number: 1614028030000000160000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 2010

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Underground Utilities

Community & HOA

Community

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

Location

Region: Newark

Financial & listing details

Price per square foot: $303/sqft
Tax assessed value: $257,000
Annual tax amount: $10,277
Date on market: 8/3/2026
Exclusions: Washer and dryer.
Total actual rent: 2200
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas

Estimated market value

$838,000

$796,000 - $880,000

$2,304/mo

Price history

Date	Event	Price
8/17/2026	Pending sale	$819,000$303/sqft
Source: GSMLS #4044497 Report a problem
8/3/2026	Listed for sale	$819,000+118.4%$303/sqft
Source: GSMLS #4044497 Report a problem
1/14/2010	Sold	$375,000$139/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,277 +5.2%	$257,000
2024	$9,774 +0.1%	$257,000
2023	$9,766	$257,000
2022	$9,766	$257,000
2021	$9,766 +1%	$257,000
2020	$9,666 +37.4%	$257,000
2019	$7,033	$257,000
2018	$7,033 -20.5%	$257,000
2017	$8,841 +4%	$257,000
2016	$8,504 +6.7%	$257,000
2015	$7,970 +5%	$257,000
2014	$7,589 -4.3%	$257,000
2013	$7,929 +3.7%	$257,000 +11.9%
2012	$7,644 +901.6%	$229,700
2011	$763	$229,700