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    155 Clifton Ave Newark, NJ 07104

    For Sale
    $3,770,000

    Commercial - Newark City, NJ

    Property size:
    9,120 SF
    Lot size:
    0.11 Acres
    Days on Market:
    108
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 155 Clifton Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-3
    Rooms
    Basement
    Basement Y/N
    1
    Size
    9,120 SF
    Lot size
    0.11 Acres

    Utilities

    Cooling system
    Ductless

    Building Details

    Floors in Building
    4
    Number of units
    14
    Flooring type
    Linoleum, Vinyl
    Roof type
    Rubber
    Architectural style
    Other

    RE/MAX Heritage Properties (908) 500-8700 [email protected]

    Listing agent DULCE RUIVO (908) 500-8700

    Listing date Aug 29, 2025

    MLS# 3953397 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark Multifamily Investment Opportunity

    Located in North Newark, this property presents a rare investment opportunity. The location is across from the Cathedral Basilica of the Sacred Heart and near Branch Brook Park, with convenient access to Route 280 and Newark Penn Station within a two-minute drive. The building has been newly rebuilt and gut-renovated, featuring 14 modern one-bedroom apartments. Each unit includes an open-concept layout, stainless steel appliances, washer & dryer hookups, and ceiling mini-split heating & cooling systems. The building features 9'6" ceiling heights on its three main floors and 8' doors throughout. The property benefits from a 5-year tax abatement. The building size is 9,120 square feet, situated on a lot of approximately 0.11 acres. The property is zoned R-3. This multifamily property is an investment opportunity with high market demand, allowing for competitive rental rates and maximized returns.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.17777
    Latitude
    40.7551

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    FAQs

    What type of property is this?
    Apartment building - Newly rebuilt, gut-renovated 14-unit apartment building in North Newark.
    Where is this apartment building located?
    The property is located at 155 Clifton Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $3,770,000.
    What are key features of this property?
    This property features: - 5-Year Tax Abatement: Significantly reduces property taxes, enhancing profitability.; - Newly Rebuilt & Gut-Renovated: Modern construction with updated systems and finishes.; - 14 Modern One-Bedroom Apartments: Provides immediate rental income potential.
    (908) 500-8700
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    Newark, NJ 07104
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    155 Clifton Ave Newark, NJ 07104
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