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Residential Income For Sale

180 Shephard Avenue, Newark, NJ 07112

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Property Description

Three-family opportunity in Newark’s Weequahic section with strong income and value-add potential. Featuring two 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, the property offers 8 bedrooms and 3 full baths, plus a full unfinished basement, separate gas and electric utilities, and off-street parking. Two units will be delivered vacant, offering flexibility for an owner-occupant looking to offset housing costs or an investor ready to lease and reposition the property. Projected market rents from recent appraisal are approximately $2,800/month for Unit 1, $2,800/month for Unit 2, and $2,000/month for Unit 3, for total potential gross rents of approximately $7,600/month. Unit 2 is currently leased at $1,650/month through October 2027. Cash, conventional, FHA, and FHA 203(k) buyers welcome, with an opportunity to update and reposition the property over time. Conveniently located near Weequahic Park, Newark Beth Israel Medical Center, Newark Liberty International Airport, major highways, and public transportation. Property is being sold as-is. Buyer to accept applicable temporary/conditional municipal certificates and responsibility for outstanding DCA items as required. Compliance reports available upon request. Don’t miss out on this great opportunity!

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
26015683
Price:
$650,000
Status:
Active
Office Name:
Compass New Jersey, LLC-Montclair
Agent Name:
Cynthia
Features
Architectural Style:
3 Family
Laundry Features:
None
Utilities:
Sep Elec, Sep Gas, Sep Heat
Address Map
Country:
US
State:
NJ
County:
ESSEX
City:
Newark
Zipcode:
07112
Street:
Shephard
Street Number:
180
Street Suffix:
Avenue
Longitude:
W75° 47' 24.9''
Latitude:
N40° 42' 40.5''
Additional Information
On Market Date:
2026-05-02
Financial
Tax Annual Amount:
6934
Listing Information
Co List Agent Mls Id:
463372
List Agent Mls Id:
1020085
List Office Mls Id:
325402
Mls Status:
Active
Modification Timestamp:
2026-08-10T05:03:26Z
Originating System Name:
njmls
Status Change Timestamp:
2026-08-10
Residential Income For Sale
Listing ID:
26015683
$650,000
Agent info
Contact Agent

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