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303 Morris Ave Newark, NJ $ 1,600,000
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$ 1,600,000 Get more info
303 Morris Ave
$ 1,600,000
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303 Morris Ave

Newark, NJ, 07103
$ 1,600,000
Baths0.0

Monthly Estimate*

$ 9,982

303 Morris Ave, Newark, NJ 07103 - Image 1
303 Morris Ave, Newark, NJ 07103 - Image 2
303 Morris Ave, Newark, NJ 07103 - Image 3
303 Morris Ave, Newark, NJ 07103 - Image 4
303 Morris Ave, Newark, NJ 07103 - Image 5
Studio

Lots and Land for sale in Newark, NJ

for $1,600,000. The lot size is 0.28.

Unparalleled development opportunity awaits in Newark's University Heights. Five contiguous lots at 303 Morris Ave offer shovel-ready approvals for a 27-unit residential building with approximately 5,500 SF of ground-floor commercial space. This rare parcel is surrounded by established apartment communities and academic facilities, delivering strong rental demand and excellent walkability to transit, universities, and downtown Newark. Ideal for developers and investors seeking a shovel ready multifamily + retail project in a high-growth, transit-oriented neighborhood.

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Lots and Land Active

Price

$ 1,600,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 1,140

Style

Lot Size

0.28

Town/City

Newark

County/Region

Essex

MLS | Web ID

3996165
Features
General
Utilities Electric Gas
Possession at-closing
Development Status Site Plan Approved
Township Newark City
Tax Year 2024
County Essex
Subdivision Name Block 246 LOTS 5 & 7-10
Status Active
Directions The lots are situated at the northern corner of Morris Avenue between 4th Avenue and 15th Avenue in the 07103 zip code area
Tax Annual Amount 1140
Standard Status Active
Tax Assessed Value 30000
Town # 1614
Tax Lot 10
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Exterior
Lot Features Level Lot
Lot Dimensions 123X100
Lot Size Acres 0.28
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* Excluded Features
List By
DANIEL F. SANTOS

Listing Agent

Signature Realty Nj

Broker

daniels@srnjteam.com

Email

Affordability Calculator

$10,077
Per Month
99%
1%
0%
Monthly Principal & Interest
$9,982
Monthly Property Taxes
$95
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.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/4/2025$1,600,000 Listed Price

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303 Morris Ave, Newark, NJ, 07103 is a Lots and Land for sale at $1,600,000 with a lot size of 0.28. 303 Morris Ave is a studio with 0.0 baths. The property's zip code is 07103 which is in Newark, NJ

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