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.
303 Clifton Ave, Newark City NJ 07104-6205
Property City
Newark City
Property Price
$700,000
Bedrooms
6
Year Built
1907
Tax Annual Amount
$8357
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle
Lot Size Area
0.13
MLS Status
Active
MLS #
4012586
Yearly Tax Rate
3.999
Year Built (*numeric)
1907
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
6
Basement (*text)
Yes
Cooling (*text)
3 Units
GarageSpaces
5
Heating
Radiant - Hot Water
Lot Size Dimensions
50 X 113
Data import from
GSMLS