180 Shephard Avenue, Newark, NJ 07112

Newark
Local realty services provided by:ERA Queen City Realty
180 Shephard Avenue,Newark, NJ 07112
$650,000
  • - Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: cynthia lubin
Office: compass new jersey, llc-montclair973-310-7360
MLS#:26015683
Source:NJ_MLS

Price summary

  • Price:$650,000

About this home

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...

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Home facts

  • Listing ID #:26015683
  • Added:106 day(s) ago
  • Updated:August 16, 2026 at 03:05 PM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:16

Finances and disclosures

  • Price:$650,000
  • Tax amount:$6,934

Features and amenities

  • Laundry features:None
MLS Logo The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than ERA Queen City Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: August 16, 2026. Source: New Jersey Multiple Listing Service, Inc. 2026 New Jersey Multiple Listing Service, Inc. All rights reserved.

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