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Three-Unit Residential Triplex
For Sale
$689,000

324 Clifton Ave, Newark, NJ 07104

Three apartments are slated for vacant delivery, alongside finished lower-level space with a bathroom and summer kitchen.

Property SizeContact for details
Days on Market14

Property Features for 324 Clifton Ave

General Information

Standard status Active
Property subtype Multi Family

Units

Unit Mix 1 x 3BR/1BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 3

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $7,258

Building Details

Year Built 1907
Buildings 1
Units 3
Listing Agency: Elite Realtors of New Jersey
Listed By: GLORIA DE CRUISE
Source: Elliman
Added: Oct 2 Changed: Oct 4 Last Checked: Oct 15 at 12:56AM

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 Elite Realtors of New Jersey

Investment Insights

Based on property information with market context.

Built in 1907, this legal three-family property contains three apartments with distinct layouts. The first-floor residence has three bedrooms, a living room, an eat-in kitchen, and a renovated bathroom; its outdoor access opens to a rear patio. The second apartment offers two bedrooms, a living room, a den or office, an eat-in kitchen, and a renovated bathroom. The third has one bedroom, a living room, a kitchen, and a full bathroom.

The finished basement adds two rooms, a full bathroom, and a summer kitchen. All three apartments are to be delivered vacant.

Key Highlights

  • Legal three‑family property built in 1907
  • First‑floor apartment includes three bedrooms and access to a rear patio
  • Second apartment has two bedrooms plus a den or office

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,750
Businesses Nearby

Demographics for 07104, NJ

54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three apartments are slated for vacant delivery, alongside finished lower-level space with a bathroom and summer kitchen.
Where is this triplex located?
The property is located at 324 Clifton Ave Newark, NJ.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Legal three‑family property built in 1907; First‑floor apartment includes three bedrooms and access to a rear patio; Second apartment has two bedrooms plus a den or office
More about this property
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