308 Clifton Ave
Newark, NJ, 07104 $ 950,000
Bedrooms9 Baths6.1 Monthly Estimate*
$ 5,927
for $950,000 with 9 bedrooms and 6 full baths, 1 half bath. This home was built in 1901 on a lot size of 0.06.
HIGHEST & BEST DAY FOR OFFERS MONDAY 12/1/25 6PM. 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
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Multi-Family Active3-Three Story, Under/Over
FeaturesInteriorInterior Amenities Carbon Monoxide Detector Fire Extinguisher See Remarks Smoke Detector
Basement Finished Full Walkout
Unit 1 Baths Total 2.0
Unit 1 Beds Total 3
Unit 2 Baths Total 3.0
Unit 2 Beds Total 3
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Fuel Type Electric Gas-Natural
Half Baths 1
Total Bedrooms 9
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GeneralSewer Public Sewer
Heating Forced Hot Air
Cooling Central Air
Utilities Electric Gas-Natural
Possession At closing
Roof Asphalt Shingle Composition Shingle
Water Heater Electric Gas
Architectural Style 3-Three Story Under/Over
Exclusions Personal belongings
Year Built 1901
Township Newark City
Tax Year 2024
Gross Income 103440
County Essex
Net Operating Income 70000
Operating Expense 19000
Total Rooms 25
Full Baths 6
Status Active
Directions From Bloomfield Ave 2nd Ave or 3rd Ave to Clifton Ave.
High School TECHNOLOGY
Open Parking Spaces 2
Number Of Units Total 3
Elementary School HERNANDEZ
Tax Annual Amount 14253
Home Warranty Y/N No
Middle/Junior High School TECHNOLOGY
Drive Driveway-Exclusive
Standard Status Active
Tax Assessed Value 374800
Town # 1614
Tax Lot 42
Farm Assessment No
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ExteriorExterior Amenities Patio Workshop
Water Source Public Water
Exterior Description Stucco Vinyl Siding
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded FeaturesList ByJUAN PABLO MARSHALLListing Agent
Signature Realty NjBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,927
- Monthly Property Taxes
- $1,188
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Newark, NJ
Average List Price $722,016
Percent of Sale Price 24%
About Newark, NJ 283,201 Population
4% Since 2002
$ 35,768 Median Income
34.98 Median Age
34% Households with Children
Trends Information provided by ATTOM Data Solutions.
5308039 Elementary School
5233047 Middle School
Technology High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/16/2025 | $900,000 | | Listed Price |