180 Shephard Ave, Newark, NJ 07112

Newark
Local realty services provided by:Better Homes and Gardens Real Estate Elite
180 Shephard Ave,Newark City, NJ 07112
$650,000
  • 8 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Upcoming open houses
  • Sun, May 03
    02:00 pm - 04:00 pm
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

Excellent cash flow opportunity in Newark's high-demand Weequahic section. This 16-room, 3-family residence offers immediate income potential with clear built-in upside for a buyer ready to update and reposition. Two units can be delivered vacant, providing flexibility to owner-occupy while maximizing rental income. The second floor offers stable income with a tenant in place through October 2027, along with a near-term opportunity to reposition rents to market. With cosmetic updates and lease turnover, projected gross rents range from $6,500 to $7,000 per month. Separate utilities, full unfinished basement, and a location that checks every box: Weequahic Park, Beth Israel Medical Center, and Newark Liberty International Airport all nearby with easy access to major transit routes. Please note: Sold as-is. Buyer responsible for Newark Certificate of Code Compliance and DCA Green Card.

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Home facts

  • Year built:1923
  • Listing ID #:4024882
  • Added:1 day(s) ago
  • Updated:May 02, 2026 at 05:57 PM

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 May 2, 2026

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