308-320 South 11th Street, Newark, NJ 07103

Building Details

Year Built

1940

Listing agent David Oropeza License #8633793

Listing office ICON Real Estate Advisors

Listing date Jun 16, 2026

Source Crexi

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Overview

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.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Food Market

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

Location Insight

• Map
• Local Demand

City

Newark

County

Essex

State

New Jersey

Longitude

-74.2000273

Latitude

40.743465

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FAQs

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