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$550,000
14-16 Scheerer Avenue, Newark, NJ, 07112
MLS# 26031685
6
Bedrooms
3
Bathrooms
0.115 acres (5,000 sqft)
Lot Size
1900
Year Built
Residential — Colonial
Property Type
Description
Located in the desirable Weequahic neighborhood, this single-family residence offers tremendous upside for investors or owner-occupants looking to customize a home or house-hack. The home has 3 kitchens, 3 full bathrooms and 2 living rooms. The vacant first floor has already had some improvements, including fresh paint and offers a functional layout featuring a foyer, living room, two bedrooms, full bathroom, a kitchen with pantry a laundry hookup. The second floor includes three bedrooms, a full bathroom, an additional kitchen, and access to a walk-up attic with potential for expanded living space. The above-ground basement is currently occupied and includes an additional full bathroom. Ideally situated near Weequahic Park, public transportation, major highways, shopping, restaurants, schools, and houses of worship. The property is also just minutes from the exciting Lionsgate Studios development, bringing continued investment to the surrounding area. Property is being sold strictly AS IS.** Seller will make no repairs. Buyer is responsible for obtaining all required municipal inspections and certificates required to close. Cash or renovation loan financing is strongly preferred. Buyers are encouraged to perform their own due diligence regarding zoning, and future use. Don't miss this opportunity to unlock the potential this classic Newark Colonial has to offer!
Tax & Financial Information
| Annual Property Taxes | $7,469 (NJ Public Records) |
| Tax Assessment | $196,400 |
| Land Assessment | $22,500 |
| Original List Price | $582,000 |
| Listed | August 20, 2026 |
Property Features
Interior
- ✓Heating: Gas,Radiators
- ✓Basement: Prt Finished
Exterior & Lot
- ✓Parking: Carport
Listing Information
Listing Office: Coldwell Banker, Upper Montclair — 973-233-2300
Listing Agent: Marsha Bowen-Washington — 646-249-6212 — Marsha.bowenwashington@cbmoves.com
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 9/29/2026.
Total Monthly Cost
$4,163/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $110,000 | Loan: $440,000
Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.
Commute From This Home
Newark
Northeast Corridor / PATH
Newark Penn Station
Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.
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The data relating to 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 Better Homes and Gardens Real Estate Green Team are marked with the NJMLS 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.
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.
Information deemed reliable but not guaranteed. Last date updated: 10/27/2026.
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Property listings provided by GardenState.ai through authorized access to NJMLS.
Brokerage: Better Homes and Gardens Real Estate Green Team — 293 Route 94, Vernon, NJ 07462
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