Closed$360,000
TLC ≈ $3,155/mo
3 3 —
62 Unity Avenue #64, Newark, NJ 07106
48 Shepard Avenue, East Orange, NJ 07018
$325,000
5 beds 1 baths 1,656 sqft Built 19250 days on marketActive
About this home
Opportunity awaits in this spacious five-bedroom, one-bath one family home situated on an impressive 29' x 200' lot. The property features a front driveway with parking for two vehicles, a full basement with two additional rooms, and an expansive backyard offering plenty of possibilities. Overall condition provides an opportunity for renovation and value enhancement. This property sits in the East Orange R2 zone, possibly allowing a 2 unit conversion pending city approval. Ideal for buyers looking to customize, renovate, or add to their real estate portfolio. Property is being sold in its current condition; buyers are responsible for completing their own due diligence regarding use, condition, permits, and approvals, CCO, C/O/Fire Certs. or anything else required by the township of East Orange for occupancy.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.19% APR.
Your estimated payment
$3,635/mo
- Real estate (PITI + HOA + PMI)
- $3,225
- Utilities
- $520
- Transportation
- $168
- Other (entertainment)
- $158
Principal + interest$2,094
Property tax + insurance$1,009
PMI / 2nd mortgage$122
Heating + cooling$98
Internet + TV + phone$158
Water + sewer + garbage$58
Car insurance + maintenance$168
Budget$5,000/mo
Remaining after TLC$1,365/mo
Purchase price
$325,000
Down payment
$16,250 (5%)
Loan amount
$308,750
APR
7.19%
Quick facts
Type
Single Family Residence
Style
Colonial
Year built
1925
Lot size
0.1331 ac
Stories
3
Heating
Baseboard Electric, Radiant, Central
Cooling
Wall Unit(s), Window Unit(s), See Remarks
Water
Public
HOA
—
Annual tax
$7,797
MLS #
2701393R
County
Essex
At a glance
Basement
Home features
Appliances
Gas Range/OvenMicrowaveRefrigeratorRange
Interior
1 BedroomKitchenLiving Room2 BedroomsBath FullNone
Exterior
DeckPatio
Parking
2 Car Width
Patio & porch
DeckPatio
Kitchen
Eat-in Kitchen
Dining
Living Dining Combo
Flooring
Carpet, Ceramic Tile, See Remarks
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
See Remarks
Neighborhood — 07018
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 33,307 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | -6.00% | 14.00% | 20.00% |
| Population Density | 20,297 | 1,137 | — |
| Male | 15,108 | 4,307,827 | 147,432,321 |
| Female | 18,199 | 4,525,010 | 151,655,844 |
| Never Married | 11,170 | 1,965,811 | 63,775,926 |
| Married | 6,523 | 3,647,435 | 123,120,365 |
| Separated | 2,753 | 391,239 | 12,639,686 |
| Widowed | 2,358 | 515,172 | 15,467,586 |
| Divorced | 2,264 | 529,393 | 23,075,029 |
| Number Of House Hold | 12,258 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.66 | 2.73 | 2.60 |
| Medial Age | 32.28 | 37.15 | 35.46 |
| Median House Hold Income | $32,836 | $63,392 | $48,276 |
| Average House Hold Income | $43,224 | $83,312 | $63,629 |
| P C I | $17,830 | $30,662 | $24,529 |
| M D I | $29,148 | $52,505 | $41,133 |
| A T H E | $39,655 | $61,369 | $50,898 |
| S T R | 7.00% | 7.00% | — |
| W C J | 84.15% | 81.02% | 77.74% |
(Zip) Code
7018
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 7/23/2026. Provided courtesy of LIFESTYLE INTERNATIONAL REALTY via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.