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155-157 Clifton Ave 14 Unit Apartment Building $3,480,000 ($248,571/Unit) Newark, NJ 07104
Investment Highlights
- Prominent frontage on Clifton Avenue, providing excellent street visibility and signage opportunities
- Public transportation nearby, supporting resident accessibility.
- Located within close proximity to downtown Newark and surrounding residential neighborhoods.
- Situated in an area seeing continued reinvestment and urban activity
Executive Summary
A 5-YEAR TAX ABATEMENT. A unique and rare investment opportunity awaits in the vibrant North Newark area! This prime location sits directly across from the stunning Cathedral Basilica of the Sacred Heart and is just steps from Branch Brook Park. With a two-minute drive to Route 280 and easy access to Newark Penn Station, this property offers unbeatable convenience. We proudly present this exceptional, newly rebuilt, gut-renovated building, featuring 14 modern one-bedroom apartments. Each unit is thoughtfully designed with Open-concept layouts, Stainless steel appliances, Washer & dryer hookups, and ceiling mini-split heating & cooling systems. The impressive scale of the building includes 9'6" ceiling heights on its three main floors and 8' doors throughout, enhancing the sense of space and luxury. With high market demand, this is a great opportunity to start renting at competitive rates and maximize returns. Don't miss out on this exceptional chance to secure a financially promising venture in a sought-after area!
Property Facts
| Price | $3,480,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $248,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| No. Units | 14 | Building Size | 9,120 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built/Renovated | 2005/2025 |
| Zoning | 4C - Apartment | ||
| Price | $3,480,000 |
| Price Per Unit | $248,571 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 9,120 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2005/2025 |
| Zoning | 4C - Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Heating
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
1 1
Walk Score®
Very Walkable (87)
Transit Score®
Excellent Transit (73)
Property Taxes
| Parcel Number | 14-00491-0000-00056 | Improvements Assessment | $108,800 |
| Land Assessment | $120,000 | Total Assessment | $228,800 |
Property Taxes
Parcel Number
14-00491-0000-00056
Land Assessment
$120,000
Improvements Assessment
$108,800
Total Assessment
$228,800
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155-157 Clifton Ave
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