$7,066 Closing Credit¹
#3967822, Listing office: COLDWELL BANKER REALTY
$499,999 List price
124 Shephard Ave Newark City, NJ 07112
$5,937
Closing credit¹
7 beds
3 full
0.08 acres
Multi-Family
Property details
About 124 Shephard Ave
Investment Opportunity in Newark " 3-Family Home with Huge Upside!Discover the potential at 124 Shephard Ave, a vacant 3-family property located in the heart of Newark. This multi-unit home offers the perfect canvas for investors or owner-occupants looking to renovate and build equity.Each unit features spacious layouts, ideal for future rental income. While the property requires repairs, major groundwork has already been laid the oil tank has been professionally removed, and the property is being sold strictly as-is, giving you full control to transform it to your standards.Located on a quiet residential street with convenient access to transportation, shopping, and schools, this is an excellent value-add opportunity in one of Newark's fast-developing neighborhoods.Don't miss out on this rare 3-family investment property. Schedule your showing today! DUE TO MULTIPLE OFFERS, THE SELLER HAS REQUESTED HIGHEST AND BEST BY 5PM 6/19.
Highlights
Home typeMulti Family
HeatingNatural Gas
StatusActive
BasementYes
Lot size0.08 Acres
Year built1930
ParkingBlacktop, Detached Garage
MLS #3969277
Garage2 spaces
Summary
- Full Bathrooms: 3
- Appliances: Other
- Basement: Yes
- Total Bedroom Count: 7
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Blacktop, Detached Garage
- Architectural Style: Fixer Upper
- Heating: Natural Gas
- List Price: $499,999
- Directions: Between Bergen Street and Osborne Terrace
- Year Built: 1930
- Lot Size: 0.08 Acres
- MLS Number: 3969277
- Office Name: COLDWELL BANKER REALTY
- Office Phone: (201) 294-1154
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Last updated on: 6/20/2025, 12:45:25 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$499,999
124 Shephard Ave
$5,937
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
George Washington School
Public District 5-5
1.1 mi
•1530 Leslie St
4
Thurgood Marshall Elementary School
Public District PK-5
1.2 mi
•141 Montgomery Ave # 181
3
Mt. Vernon Avenue Elementary School
Public District KG-5
1.5 mi
•54 Mount Vernon Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,662. Most Newark City, NJ residents have annual incomes between $35k-100k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
34%
<35k
56%
35k-100k
10%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
55%
Single, No Kids
25%
Single, with Kids
10%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
11%
12-17 yrs old
25%
18-34 yrs old
37%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 124 Shephard Ave
The listing price of 124 Shephard Ave property is $499,999.
The property 124 Shephard Ave is a multi located in Newark City, New Jersey, 07112.
Active Listing: 124 Shephard Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 124 Shephard Ave are: George Washington School (GreatSchools Rating 4/10), Thurgood Marshall Elementary School (GreatSchools Rating 4/10), Mt. Vernon Avenue Elementary School (GreatSchools Rating 3/10), Dayton Street Elementary School (GreatSchools Rating 2/10), George Washington Carver Elementary School (GreatSchools Rating 2/10), Hawthorne Avenue Elementary School (GreatSchools Rating 2/10), Team Academy Charter School (GreatSchools Rating 5/10), Eagle Academy for Young Men of Newark (GreatSchools Rating 1/10), Weequahic High School (GreatSchools Rating 1/10).
The year of construction for 124 Shephard Ave is 1930.
This home is located at 124 Shephard Ave in Newark City, NJ and zip code 07112 in the Weequahic neighborhood. Features: 7 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 14, 2025 and is currently priced at $499,999.
The number of homes for sale in Newark City, NJ increased by 20.2% between April and May 2025. Listings spent 96 days on the market in May 2025, and had a median list price of $487,177 during the same period.
From Rocket Homes Real Estate and based on county public records data.