303 Morris Ave Newark, NJ 07103
University Heights NeighborhoodEstimated payment $8,412/month
About This Lot
Unparalleled development opportunity awaits in Newark's University Heights. Five contiguous lots at 303 Morris Ave offer shovel-ready approvals for a 27-unit residential building with approximately 5,500 SF of ground-floor commercial space. This rare parcel is surrounded by established apartment communities and academic facilities, delivering strong rental demand and excellent walkability to transit, universities, and downtown Newark. Ideal for developers and investors seeking a shovel ready multifamily + retail project in a high-growth, transit-oriented neighborhood.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,140
Lot Details
- 0.28 Acre Lot
- Level Lot
- 5 Lots in the community
Utilities
- Gas Available
Listing and Financial Details
- Assessor Parcel Number 1614-00246-0000-00010-0000-
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/04/2025 11/04/25 | For Sale | $1,600,000 | -- | -- |
Source: Garden State MLS
MLS Number: 3996165
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