For Multi Family

308 Clifton Ave,Newark City, NJ 07104-1581

January 16, 2026

BACK ON MARKET the buyer could not perform. CASH FLOW! Nestled in Newark’s sought-after tranquil Forest Hill neighborhood, this 3-family home was fully renovated in 2023. Steps from Bloomfield Avenue, across from Kearny, and moments from the east entrance of scenic Branch Brook Park.Easy commute, buses 11, 28, 29, and 72, the Newark PATH, and Penn Station connect you directly to New York City in just 25 minutes. Diverse dining featuring top restaurants like Fornos of Spain, Casa d’Paco, and countless local caf s, bakeries, and markets.This property features three spacious units plus a full finished basement with endless potential. Enjoy a two-car driveway, a private backyard, and peace of mind in a flood-free zone. Recent upgrades include a new roof, new siding, and a modern furnace, providing comfort and low-maintenance living for years to come.Conveniently located near Technology High School, Robert Treat Academy, Rutgers University Newark, NJIT, and Essex County College, this address combines strong educational access with incredible lifestyle appeal. Close to Newark Liberty International Airport, major highways, and shopping districts.Whether you’re an investor seeking reliable cash flow, an owner-occupant looking to offset your mortgage, or a first-time buyer ready to grow wealth through real estate, this turnkey, income-producing gem is your opportunity to live smart and prosper in a prime Newark location.Potential gross income: $108K

Property ID:PT-24605371-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 950,000 $

Bedrooms:9

Year Built:2023

Listing Details

Status: Active

Location

County: Essex

Lotsize: 25X100

Lot Identifier: 42

Home Details

Open Parking: 2

Basement: Yes

Renovated: 2023

Basmnt/Desc: Yes - Finished, Full, Walkout

Acreage: 0.06

Total Baths: 6.10

Unit Style: 3-Three Story, Under/Over

Number of Units: 3

Rooms: 25

Easement/Desc: No

Exterior Description: Stucco, Vinyl Siding

Roof Description: Asphalt Shingle, Composition Shingle

Possesion: At closing

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

Unit 1 Levels: 1

Unit 1 Rooms: 12

Unit 1 Beds: 3

Unit 1 Baths: 2.0

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

Unit 1 Handicap: No

Unit 1 SqFt: 1700

Unit 1 Room Description: Bedrooms, Kitchen, Laundry Room, Living/Dining Room, Rec Room, Utility Room

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

Unit 2 Levels: 2

Unit 2 Rooms: 9

Unit 2 Beds: 3

Unit 2 Baths: 3.0

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

Unit 2 Handicap: No

Unit 2 SqFt: 1200

Unit 2 Rent: 2350

Unit 2 Room Description: Bedrooms, Den, Kitchen, Living/Dining Room, Pantry, Master Bedroom

Unit 2 Security Deposit: 2350

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

Unit 3 Levels: 3

Unit 3 Rooms: 6

Unit 3 Beds: 3

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: 700

Unit 3 Rent: 2050

Unit 3 Room Description: Attic, Bedrooms, Kitchen, Living/Dining Room, Pantry, Master Bedroom

Unit 3 Security Deposit: 2000

Block Identifier: 535

County Number: 16

Town Number: 1614

YB/Desc: 2023 - Renovated

Easement: No

Parking/Driveway Description: Driveway-Exclusive

Block Identifier: 535

County Number: 16

Town Number: 1614

Possession: At closing

Taxes, Fees & Assessments

Gross Operating Income: 103440

Net Operating Income: 70000

Expense Include: Cold Water, Insurance, Maintenance, Taxes

Warranty: No

Tax ID For Property: 1614-00535-0000-00042-0000-

Tax Amount: $14,253.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2024

Farm Assessment: No

Land Assessment: $37,500.00

Building Assessment: $337,300.00

Total Assessment: $374,800.00

FHA Age Restricted: No

Utilities

Water Heater: Electric, Gas

Heat Source: Electric, Gas-Natural

Heat System: Forced Hot Air

Cool System: Central Air

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Schools

Grade School: HERNANDEZ

Middle School: TECHNOLOGY

High School: TECHNOLOGY

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Listing Details

308 Clifton Ave,Newark City, NJ 07104-1581

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