BEDS8
BATHS3 full
MLS#26015683
STATUSUnder Contract
PROPERTY TYPEMulti Unit - Multiple
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Taxes: $6,934
Feature Descriptions
Days on Site: 62
Number of Rooms: 16
Utilities: SEPERATE Elec, SEPERATE Gas, SEPERATE Heat
Listed By / Shown By
Listing By
Agency Name: Compass New Jersey, LLC-Montclair
Agency Phone: 973-310-7360
Shown By
Agency Title: Joyce Realty
Agency Phone: (800-275-5692)
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Estimated Payment
$ 2,214.03 per month $1,446.62 Principal & Interest $577.83 Property Tax $189.58 Homeowner's InsuranceChange Payment Information
Corporate Headquarters
7 E Central Ave, Unit 15, Pearl River, NY 10965Phone: 800-ASK-JOYCE (800-275-5692)
Joyce Realty® and Logo are registered trademarks of US Patent & Trademark Office: Reg. No. 5,743,966-Ser. No. 88-0075,379. All rights reserved.
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is 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. Information on this site was last updated 07/03/2026. The listing information on this page last changed on 07/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 07/03/2026 12:25:34 AM EST) or NJMLS/ IDX (last updated Thu 07/02/2026 11:23:56 PM EST) or OneKey MLS (last updated Fri 07/03/2026 12:21:35 AM EST) or REBNY MLS (last updated Thu 07/02/2026 9:21:55 PM EST). Real estate listings held by brokerage firms other than Joyce Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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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 this company 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.
Source: New Jersey Multiple Listing Service, Inc.
© 2026 New Jersey Multiple Listing Service, All rights reserved
Privacy Policy / DMCA Notice / ADA Accessibility
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 this company 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.
Source: New Jersey Multiple Listing Service, Inc.
© 2026 New Jersey Multiple Listing Service, All rights reserved
Privacy Policy / DMCA Notice / ADA Accessibility
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Delta Media Group, Inc. -- Patent Pending --
180 Shephard Avenue | MLS# 26015683
This multi-family property located at 180 Shephard Avenue, Newark, NJ 07112 is currently listed for sale with an asking price of $650,000. Search Newark real estate on www.joycerealty.com today.