Listing Details

155 Clifton Ave,Newark City, NJ 07104-1047

  • March 16, 2026

Description

A 5-YEAR TAX ABATEMENT. A unique and rare investment opportunity awaits in the vibrant North Newark area! This prime location sits directly across from the stunning Cathedral Basilica of the Sacred Heart and is just steps from Branch Brook Park. With a two-minute drive to Route 280 and easy access to Newark Penn Station, this property offers unbeatable convenience. We proudly present this exceptional newly rebuilt, gut-renovated building, featuring 14 modern one-bedroom apartments. Each unit is thoughtfully designed with Open-concept layouts, Stainless steel appliances, Washer & dryer hookups, Ceiling mini-split heating & cooling systems.The impressive scale of the building includes 9’6″ ceiling heights on its three main floors and 8′ doors throughout, enhancing the sense of space and luxury. With high market demand, this is a great opportunity to start rents at competitive rates and maximize returns.Don’t miss out on this exceptional chance to secure a financially promising venture in a sought-after area!

Details

Last Updated On: March 16th, 2026 at 4:45 pm
Property ID:PT-31896420-AXZR
Offer Type:For Sale
Property Type:Apartment Complex
Price: 3,480,000 $
Year Built:9999

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 47.6X100
Property Type: Apartment Complex
Lot Identifier: 56

Home Details

Acreage: 0.11
Sale Includes: Building Only
Renovated: 2025
Construction: Wood
Exterior Description: Composition Siding
Roof Description: Rubberized
Number of Stories: 4
Number of Units: 14
Number of Lavatories: 14
Floors: Vinyl-Linoleum
Available SqFt: 9120
Building SqFt: 9120
Parking Desc: None
Easement/Desc: Unknown
Basmnt/Desc: Yes - Finished, Storage, Walkout
YB/Desc: 9999 - Renovated, Unknown
Block Identifier: 491
County Number: 16
Town Number: 1614
Possession: at closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Documents Available: Building Plans, Financial Statement
Ownership: Fee Simple
Tax ID For Property: 1614-00491-0000-00056-0000-
Tax Amount: $9,307.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Land Assessment: $120,000.00
Building Assessment: $108,800.00
Total Assessment: $228,800.00

Utilities

Equipment Available: Appliances, Refrigeration Unit, Smoke Detector, Sprinkler System
Heat Source: Electric
Cool System: Ductless Split AC
Water: Public Water
Sewer: Public Sewer
Utilities: All Underground

Other

Zoning: R-3

Statistics

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