For Multi Family

311 Lexington Ave,Clifton City, NJ 07011

November 8, 2025

Fantastic investment opportunity in the heart of Clifton! This three family home offers great potential for investors or owner occupied alike. All tenants are on a month to month tenancy providing flexibility for future plans. Each unit features separate utilities making management simple and efficient. The property offers ample parking including a two car garage plus additional space for four vehicles. Excellent opportunity to add value through updates and improvements. Conveniently located near major highways, shopping, restaurants and public transportation.

Property ID:PT-9681206-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 725,000 $

Bedrooms:8

Year Built:1920

Listing Details

Status: Active

Location

County: Passaic

Lotsize: 55X126

Lot Identifier: 19

Home Details

Open Parking: 4

Basement: Yes

Basmnt/Desc: Yes - Unfinished

Acreage: 0.16

Total Baths: 3.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 15

Easement/Desc: Unknown

Exterior Description: Composition Siding

Roof Description: Asphalt Shingle

Possesion: At closing

Unit 1 Appliances/Equipment: Range/Oven - Gas

Unit 1 Levels: 1

Unit 1 Rooms: 5

Unit 1 Beds: 3

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: 800

Unit 1 Rent: 1600

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

Unit 1 Security Deposit: 2400

Unit 2 Appliances/Equipment: Range/Oven - Gas

Unit 2 Levels: 1

Unit 2 Rooms: 5

Unit 2 Beds: 3

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: 800

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

Unit 3 Appliances/Equipment: Range/Oven - Gas

Unit 3 Levels: 1

Unit 3 Rooms: 5

Unit 3 Beds: 2

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: 800

Unit 3 Rent: 1600

Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Living/Dining Room

Unit 3 Security Deposit: 1600

Color of Building: White

Garage Description: Detached Garage, Oversize Garage

Number of Garage Spaces: 2

Block Identifier: 8.23

County Number: 25

Town Number: 2502

YB/Desc: 1920 - Approximate

Color of Building: White

Easement: Unknown

Parking/Driveway Description: 2 Car Width

Block Identifier: 8.23

County Number: 25

Town Number: 2502

Possession: At closing

Taxes, Fees & Assessments

Gross Operating Income: 38400

Net Operating Income: 22000

Expense Include: Taxes

Tax ID For Property: 2502-00008-0023-00019-0000-

Tax Amount: $10,916.00

Tax Year: 2024

Tax Rate: 5.936%

Tax Rate Year: 2025

Land Assessment: $76,300.00

Building Assessment: $107,600.00

Total Assessment: $183,900.00

FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural

Heat System: Forced Hot Air

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

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Listing Details

311 Lexington Ave,Clifton City, NJ 07011

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