$460,000
↓ $25K (5.2%)
●
House -
For Sale
66 Scheerer Ave
Newark City, NJ 07112
5 Beds
3 Baths
3,882 Ft²
$2,795
Est. Monthly
About This Property
Bring your vision and creativity to this home full of potential!
Perfectly situated in a desirable neighborhood, this property
offers a fantastic opportunity for homeowners, investors, or
contractors looking to customize and add value.The home features 5
bedrooms, 3 Baths, a spacious living area, and a functional layout
ready for your personal touch. With some renovations and updates,
this property can easily be transformed into a beautiful modern
residence.Additional highlights include a detached garage plus
convenient access to schools, shopping, parks, and transportation.
Don't miss the chance to make this home your own schedule a showing
today!
Unit Size
3,882 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$119
Property Type
House
Property Taxes
$536
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (GSMLS #4016799)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2026 | Price Decreased |
$460,000
↓ $25K
(5.2%) | |
| Price Decreased | |||
| Jun 21, 2026 | Price Decreased |
$485,000
↓ $5K
(1%) | |
| Price Decreased | |||
| Apr 9, 2026 | Price Decreased |
$490,000
↓ $15K
(3%) | |
| Price Decreased | |||
| Mar 25, 2026 | Listed by EXP REALTY, LLC | $505,000 | |
| Listed by EXP REALTY, LLC | |||
| Jun 17, 2025 | Listed | $499,000 | |
| Listed | |||
| | |||
|
Spacious 6 bedroom, 3 bath Colonial in Newark with 2,580 sq ft of living space. GREAT INVESTMENT property with strong rental potential. SHORT SALE pending bank approval and sold strictly as-is. Home is in need of renovations but offers tremendous upside. Includes walkout basement, 2-car garage, and large lot. Conveniently located near schools, transit, and major highways. Easy commute to NYC.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Detached
Garage Spaces: 1
Interior Details
Full Bathrooms: 3
Appliances: See Remarks
Rooms: 11
Has Fireplace
Fireplace Features: See Remarks
Basement: Full, Unfinished
Exterior Details
Square Footage: 3882
Architectural Style: Colonial
Year Built: 1909
Construction Materials: Vinyl Siding
Lot Size Area: 4791.6
Lot Size Units: Square Feet
Lot Size Acres: 0.11
Lot Size Square Feet: 4791.6
Water Source: Public
Financial Details
Tax Assessed Value: $160,900
Tax Annual Amount: $6,434
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Baseboard - Hotwater
Sewer : Public Sewer
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Weequahic
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Last Updated: 2 months ago
Data Source: GSMLS, MLS#
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. Copyright © 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Data Source: GSMLS, MLS#
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