Three-Story Apartment
308-320 South 11th Street Newark, NJ 07103
308-320 South 11th Street, Newark, NJ, 07103
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For Sale
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Well-established 42-unit workforce-oriented apartment community featuring two-bedroom apartments across seven three-story buildings.
Lot Size0.40 Acres
Days on Market32
Property Features for 308-320 South 11th Street
General Information
- Standard status
- Active
- Lot size
- 0.40 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1940
Listing Agency
ICON Real Estate Advisors
Listed by
David Oropeza · License #8633793
Source
Crexi
Added: Jun 16 Checked: Jul 16 at 11:21 am
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
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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
