Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Gut-Renovated Two-Family Home Title is generated by Realmo AI

    304 Delawanna Ave, Clifton, NJ 07014

    View on Map
    Claim this Listing
    For Sale
    $998,000

    Completely renovated two-family home in prime Clifton location.

    Type:Multi Family
    Added:
    Apr 9, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 9 at 7:15 am

    Property Features for 304 Delawanna Ave

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1910

    We can help!

    Listing Contact
    DESIREE GARCIA

    Listing agent DESIREE GARCIA License #451353

    Listing office Real Broker LLC

    Listing date Apr 9, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Real Broker LLC

    HighLights

    • Gut‑renovated 2‑family home with high‑end modern finishes throughout.
    • Prime Clifton location, minutes to Delawanna Train Station, bus lines, Costco, and Route 3 for easy NYC commute and access to amenities.
    • Unit 1 features 3 bedrooms + finished basement offering bonus living space.
    • Unit 2: Spacious 4‑bedroom layout across two floors.
    • Brand‑new central air conditioning and all‑new systems.
    • Large, paved backyard.

    Overview

    This is a gut-renovated two-family home in a prime Clifton location. The property has been completely taken down to the studs and rebuilt with high-end modern finishes. Unit 1, located on the first floor, includes a finished basement, three bedrooms, a brand-new open-concept kitchen, and a fully updated bathroom. The finished basement offers bonus living space suitable for a home office or recreation area. Unit 2, on the second floor, features a spacious four-bedroom layout spread across two levels, a brand-new eat-in kitchen, and a sleek updated bathroom. The multi-level design provides a sense of space and privacy. Both units feature modern details throughout, all-new systems including brand-new central air conditioning, and quality craftsmanship. The property includes a large, paved backyard. The location is near the Delawanna Train Station and bus lines for commutes, Costco, Route 3, and other amenities. The property is move-in ready.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Clifton
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.1343317
    Latitude
    40.8334287

    Nearby Similar for Sale

    • $1,479,000
      6,900 SF

      Remodeled Commercial Building in Clifton

      Fully remodeled commercial building with multi-tenant potential in Clifton City.
      414 Clifton Ave, Clifton City, NJ 07011-2645
      View Details
    • $1,750,000
      5,040 SF

      Renovated Clifton City Commercial Building

      Fully renovated 5,040 SF commercial building in Clifton City, NJ.
      992 Clifton Ave, Clifton City, NJ 07013-3502
      View Details
    • $1,750,000
      5,040 SF

      Renovated Clifton Commercial Investment Opportunity

      Fully renovated 5,040 SF commercial building in Clifton, NJ.
      992 Clifton Avenue, Clifton, NJ 07013
      View Details
    • $589,000
      1,403 SF

      Well-Maintained Multifamily Property in Clifton

      Multifamily property in Clifton's Athenia section, ideal for investors.
      123 Sargeant Avenue, Clifton, NJ 07013
      View Details
    • $799,000
      3,044 SF

      Clifton City Fourplex Investment Opportunity

      Four-unit multifamily property in Clifton City with immediate rental income.
      94 Center St, Clifton City, NJ 07011-2015
      View Details
    • $4,299,000
      26,000 SF

      Clifton Industrial/Warehouse Space For Sale

      23,275 SF industrial/warehouse space in prime Clifton location.
      174 Getty Ave, Clifton City, NJ 07011-1802
      View Details
    • $845,000
      2,400 SF

      Clifton Mixed-Use Investment Opportunity

      Mixed-use building in Clifton with storefront and residential units.
      117 Valley Rd, Clifton City, NJ 07013-1119
      View Details
    • $699,000

      Clifton City Two-Family Home

      Two-family home in Clifton City with convenient access to transportation.
      23 Homcy Pl, Clifton City, NJ 07011-1305
      View Details
    • $849,000

      Multi-Family Home in Dutch Hill

      Renovated 6-bedroom multi-family home near Weasel Brook Park.
      104 Hadley Ave, Clifton City, NJ 07011-2730
      View Details
    • $759,000

      Mixed-Use Property in Clifton City

      Two-story mixed-use property for sale in Clifton City, NJ.
      360 Rutherford Blvd, Clifton City, NJ 07014-1221
      View Details
    • $474,000

      Two-Story Multi-Family in Clifton City

      Well-maintained duplex with private backyard near major highways.
      81 6Th Ave, Clifton City, NJ 07011-2458
      View Details
    • $139,999
      1,000 SF

      Profitable Smoke Shop in Clifton

      Established smoke shop for sale in high-traffic Clifton location.
      754 Van Houten, Clifton City, NJ 07013-2037
      View Details

    FAQs

    What type of property is this?
    Duplex - Completely renovated two-family home in prime Clifton location.
    Where is this duplex located?
    The property is located at 304 Delawanna Ave Clifton, NJ.
    What is the asking price?
    The asking price for this property is $998,000.
    What are key features of this property?
    This property features: Gut‑renovated 2‑family home with high‑end modern finishes throughout.; Prime Clifton location, minutes to Delawanna Train Station, bus lines, Costco, and Route 3 for easy NYC commute and access to amenities.; Unit 1 features 3 bedrooms + finished basement offering bonus living space.
    (973) 634-8022
    We can help!
    Listing Contact
    DESIREE GARCIA
    Real Estate License ID: 451353
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    304 Delawanna Ave, Clifton, NJ 07014-1339
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!