For Multi Family

303 Clifton Ave,Newark City, NJ 07104-6205

March 5, 2026

Exceptional opportunity to own a rare multi-family property situated on two separate lots in a prime Newark location. This spacious 3-family home offers a total of 6 bedrooms and 5 bathrooms, plus a full finished walk-out basement with incredible flexibility for future upgrades and added value. Perfect for Investors seeking strong rental upside, Contractors looking to build equity or Owner-occupants who want to live in one unit and rent the others With strategic updates, this property has significant income potential and long-term appreciation upside. A major bonus feature includes 5 detached garages plus 5 additional parking spaces a rare and highly desirable amenity in Newark that adds immediate rental value. The finished walk-out basement offers flexibility for additional living space, storage, or future reconfiguration to maximize returns. Conveniently located near: Tops Diner New Jersey Devils home arena at Prudential Center Newark Penn Station for NJ Transit & PATH access to NYC Major highways including Interstate 280, Garden State Parkway, and Route 21 Minutes from Downtown Newark shopping, dining, and business district Easy access to transportation makes this an attractive rental location for commuters traveling to NYC and surrounding North Jersey areas.

Property ID:PT-30627946-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 700,000 $

Bedrooms:6

Year Built:1907

Listing Details

Status: Active

Location

County: Essex

Lotsize: 50 X 113

Lot Identifier: 48

Home Details

Open Parking: 5

Basement: Yes

Basmnt/Desc: Yes - Finished-Partially, Full, Walkout

Acreage: 0.13

Total Baths: 6.10

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 17

Easement/Desc: No

Exterior Description: Aluminum Siding, Brick

Roof Description: Asphalt Shingle

Possesion: 0-30

Unit 1 Appliances/Equipment: CarbMDet,CeilFan,CookGas,FireAlrm,KitExhFn,Microwav,RgOvGas,Refrig

Unit 1 Levels: 1

Unit 1 Rooms: 6

Unit 1 Beds: 2

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch

Unit 2 Appliances/Equipment: Range/Oven - Gas, Refrigerator

Unit 2 Levels: 1

Unit 2 Rooms: 7

Unit 2 Beds: 2

Unit 2 Baths: 1.5

Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch

Unit 3 Appliances/Equipment: Range/Oven - Gas, Refrigerator

Unit 3 Levels: 1

Unit 3 Rooms: 5

Unit 3 Beds: 2

Unit 3 Baths: 1.0

Unit 3 Owner/Tenant Pays: Owner Pays Gas, Owner Pays Heat

Unit 3 Handicap: No

Unit 3 Lease Expire: 2026-03-31

Unit 3 Rent: 1200

Unit 3 Room Description: Bedrooms, Kitchen, Living Room

Garage Description: Detached Garage

Number of Garage Spaces: 5

Block Identifier: 532

County Number: 16

Town Number: 1614

YB/Desc: 1907 - Standing

Easement: No

Parking/Driveway Description: Driveway-Exclusive

Block Identifier: 532

County Number: 16

Town Number: 1614

Possession: 0-30

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: Radiant - Hot Water

Cool System: 3 Units

Water: Public Water

Sewer: Public Available

Utilities: Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-00532-0000-00048-0000-

Tax Amount: $8,357.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Land Assessment: $45,900.00

Building Assessment: $163,100.00

Total Assessment: $209,000.00

FHA Age Restricted: No

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Listing Details

303 Clifton Ave,Newark City, NJ 07104-6205

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