For Multi Family

307 Clinton Pl,Newark City, NJ 07112-1545

March 5, 2026

Welcome to this newly listed solid brick multi-family property nestled in the heart of Newark’s desirable Weequahic neighborhood. Featuring 6 spacious bedrooms and 4 full bathrooms, this property delivers exceptional income potential for savvy investors seeking an investment property addition to their portfolio.The durable brick construction speaks to the building’s lasting quality and low-maintenance appeal. Inside, the generous layout provides comfortable living spaces across multiple units, making this an ideal investment property with strong rental demand. The standing-height basement offers valuable additional space perfect for storage, utilities, or future finishing possibilities that add even more value to your investment. Situated just minutes from Lionsgate Newark Studios, this property benefits from the area’s exciting entertainment-driven revitalization. Everyday conveniences are close at hand with SuperFresh grocery stores nearby. Saint Peters Park is just steps away, offering recreation for tenants to enjoy.Commuters will appreciate outstanding public transportation access, including proximity to Newark Penn Station and local bus routes, providing seamless connectivity throughout the region. Newark Liberty International Airport is also easily accessible, adding another layer of convenience for residents and visitors alike.Weequahic High School is located just blocks away, enhancing the property’s appeal for those seeking quality education options.

Property ID:PT-30631750-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 750,000 $

Bedrooms:6

Year Built:9999

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X100

Lot Identifier: 13

Home Details

Subdivision: Weequahic

Open Parking: 0

Basement: Yes

Basmnt/Desc: Yes - Walkout

Acreage: 0.06

Total Baths: 4.40

Unit Style: Fourplex

Number of Units: 4

Rooms: 14

Easement/Desc: No

Exterior Description: Brick

Roof Description: Asphalt Shingle

Possesion: at closing

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator

Unit 1 Levels: 1

Unit 1 Rooms: 3

Unit 1 Beds: 1

Unit 1 Baths: 1.0

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

Unit 1 Handicap: No

Unit 1 SqFt: 9999

Unit 1 Rent: 1700

Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom

Unit 1 Security Deposit: 9999

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

Unit 2 Levels: 1

Unit 2 Rooms: 4

Unit 2 Beds: 2

Unit 2 Baths: 1.0

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

Unit 2 Handicap: No

Unit 2 SqFt: 9999

Unit 2 Rent: 1750

Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom

Unit 2 Security Deposit: 9999

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

Unit 3 Levels: 2

Unit 3 Rooms: 3

Unit 3 Beds: 1

Unit 3 Baths: 1.0

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

Unit 3 Handicap: No

Unit 3 SqFt: 9999

Unit 3 Rent: 1400

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom

Unit 3 Security Deposit: 9999

Unit 4 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator

Unit 4 Levels: 2

Unit 4 Rooms: 4

Unit 4 Beds: 2

Unit 4 Baths: 1.0

Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 4 Handicap: No

Unit 4 SqFt: 9999

Unit 4 Rent: 1500

Unit 4 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom

Unit 4 Security Deposit: 9999

Block Identifier: 3049

County Number: 16

Town Number: 1614

Easement: No

Parking/Driveway Description: On-Street Parking

Block Identifier: 3049

County Number: 16

Town Number: 1614

Possession: at closing

Taxes, Fees & Assessments

Gross Operating Income: 9999

Net Operating Income: 9999

Warranty: No

Tax ID For Property: 1614-03049-0000-00013-0000-

Tax Amount: $9,465.00

Tax Year: 2025

Tax Rate: 3.999%

Tax Rate Year: 2025

Farm Assessment: No

Land Assessment: $26,300.00

Building Assessment: $210,400.00

Total Assessment: $236,700.00

FHA Age Restricted: No

Utilities

Water Heater: Gas

Heat Source: Gas-Natural

Heat System: 4+ Units

Cool System: None

Water: Public Water

Sewer: Public Sewer

Utilities: All Underground

Schools

High School: WEEQUAHIC

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Listing Details

307 Clinton Pl,Newark City, NJ 07112-1545

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