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180 Shephard Ave, Newark, NJ 07112

Newark
Local realty services provided by:CENTURY 21 Alliance Realty
180 Shephard Ave,Newark City, NJ 07112
$650,000
  • 8 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: cynthia lubin
Office: compass new jersey llc.973-310-7360
MLS#:4024882
Source:NJ_GSMLS

Price summary

  • Price:$650,000

About this home

Secure your position in one of Newark's strongest rental markets before the market catches up. This 16-room, 3-family in the high-demand Weequahic section offers immediate cash flow, two vacant units for an owner-occupant or savvy investor, and a clear path to $6,500-$7,000 per month in gross rental income through modest updates and future lease turnover. Two units can be delivered vacant, allowing an owner-occupant to live in one while renting the other at market rate from day one, or an investor to stabilize both at current market rents. The second-floor unit provides stable in-place income with a tenant secured through October 2027, with rent repositioning potential upon lease expiration. Mortgage assumption at a below-market rate may be available, subject to lender approval, a rare financing advantage in today's rate environment. The Lionsgate Studios Newark campus, now under development, signals the South Ward's trajectory. Buyers who move now are purchasing ahead of that...

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Home facts

  • Year built:1923
  • Listing ID #:4024882
  • Added:91 day(s) ago
  • Updated:August 01, 2026 at 09:03 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:16
  • Basement Description:Basement, Unfinished

Heating and cooling

  • Cooling:Wall A/C Unit(s)
  • Heating:Baseboard - Hotwater

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1923
  • Lot area:0.09 Acres
  • Architectural Style:3-Three Story
  • Construction Materials:Vinyl Siding

Schools

  • High school:WEEQUAHIC
  • Middle school:G CARVER
  • Elementary school:G CARVER

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$650,000
  • Tax amount:$6,934 (2025)

Features and amenities

  • Amenities:Gas-Natural

Parking

  • Parking description:1 Car Width, Driveway-Exclusive, Off-Street Parking
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Date Last Updated August 1, 2026 NJ_GSMLS Member Broker: Douglas E Ramos

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