Three-Story Apartment
For Sale
Contact for pricing
308-320 South 11th Street, Newark, NJ 07103
Well-established 42-unit workforce-oriented apartment community featuring two-bedroom apartments across seven three-story buildings.
Property SizeContact for details
Lot Size0.40 Acres
Days on Market57
Property Features for 308-320 South 11th Street
General Information
Standard status
Active
Class
C
Lot size
0.40 Acres
Property subtype
Multifamily
Occupancy
90%
Investment Type
Value Add
Net Operating Income
$353,313
Additional Details
Multifamily Units
42
Building Details
Year Built
1940
Buildings
7
Stories
3
Units
42
Tenancy
Multi
Listing Agency:
ICON Real Estate Advisors
Listed By:
David Oropeza · License #8633793
Source:
Crexi
Added: Jun 16
Changed: Aug 8
Last Checked: Aug 10 at 12:36PM
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 ICON Real Estate Advisors
Investment Insights
Based on property information with market context.
Clearview Homes II is a multifamily community comprising 42 two-bedroom apartments distributed across seven three-story residential buildings. The property was built in 1940 and is situated on an approximately 10.40-acre site, supporting a long operating history and a functional unit mix designed for recurring household needs.
The community is located in Newark, New Jersey, within one of Essex County’s largest residential markets. The property benefits from access to New York City, extensive transportation infrastructure, and a mix of retail services and neighborhood amenities that support day-to-day resident needs. Major roadways and public transit are described as nearby, connecting residents to surrounding employment and services.
For buyers seeking an established income-producing multifamily asset, Clearview Homes II offers a straightforward configuration focused on two-bedroom apartment units. Its 1940 construction and long tenure in the market provide a clear housing product for tenants looking for well-located workforce options in Northern New Jersey, with the property’s existing unit mix aligning with that demand profile described for the area.
The community is located in Newark, New Jersey, within one of Essex County’s largest residential markets. The property benefits from access to New York City, extensive transportation infrastructure, and a mix of retail services and neighborhood amenities that support day-to-day resident needs. Major roadways and public transit are described as nearby, connecting residents to surrounding employment and services.
For buyers seeking an established income-producing multifamily asset, Clearview Homes II offers a straightforward configuration focused on two-bedroom apartment units. Its 1940 construction and long tenure in the market provide a clear housing product for tenants looking for well-located workforce options in Northern New Jersey, with the property’s existing unit mix aligning with that demand profile described for the area.
Key Highlights
- Built in 1940 multifamily community with 42 two‑bedroom apartments
- 42‑unit configuration across 7 three‑story residential buildings
- Located on a 0.40‑acre site in Newark, New Jersey
Property Analytics
Property Profile
Current Use
Lease Details
42
Residential units
Location Intelligence
Trade Area within ½ mile
2,486
Businesses Nearby
Explore this area
Business Placement
Demographics for 07103, NJ
39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Well-established 42-unit workforce-oriented apartment community featuring two-bedroom apartments across seven three-story buildings.
Where is this apartment building located?
The property is located at 308-320 South 11th Street Newark, NJ.
What is the asking price?
The asking price for this property is $6,200,000.
What are key features of this property?
This property features: Built in 1940 multifamily community with 42 two‑bedroom apartments; 42‑unit configuration across 7 three‑story residential buildings; Located on a 0.40‑acre site in Newark, New Jersey
