308 Clifton Ave Newark, NJ 07104
Forest Hill NeighborhoodEstimated payment $5,899/month
Highlights
- Separate Outdoor Workshop
- Forced Air Heating and Cooling System
- Private Driveway
- Patio
About This Home
Discover the unbeatable CASH FLOW potential at 308 Clifton Avenue! Nestled in Newark's sought-after tranquil Forest Hill neighborhood, this 3-family home was fully renovated in 2023. Steps from Bloomfield Avenue, across from Kearny, and moments from the east entrance of scenic Branch Brook Park.Easy commute, buses 11, 28, 29, and 72, the Newark PATH, and Penn Station connect you directly to New York City in just 25 minutes. Diverse dining featuring top restaurants like Fornos of Spain, Casa d'Paco, and countless local caf s, bakeries, and markets.This property features three spacious units plus a full finished basement with endless potential. Enjoy a two-car driveway, a private backyard, and peace of mind in a flood-free zone. Recent upgrades include a new roof, new siding, and a modern furnace, providing comfort and low-maintenance living for years to come.Conveniently located near Technology High School, Robert Treat Academy, Rutgers University Newark, NJIT, and Essex County College, this address combines strong educational access with incredible lifestyle appeal. Close to Newark Liberty International Airport, major highways, and shopping districts.Whether you're an investor seeking reliable cash flow, an owner-occupant looking to offset your mortgage, or a first-time buyer ready to grow wealth through real estate, this turnkey, income-producing gem is your opportunity to live smart and prosper in a prime Newark location.Potential gross income: $108,000! Call today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,253
Year Built
- Built in 2023 | Remodeled
Lot Details
- 2,614 Sq Ft Lot
Home Design
- Composition Shingle Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 10 Bedrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Parking Spaces
- Private Driveway
Outdoor Features
- Patio
- Separate Outdoor Workshop
Schools
- Hernandez Elementary School
- Technology Middle School
- Technology High School
Utilities
- Forced Air Heating and Cooling System
- Standard Electricity
- Gas Water Heater
Community Details
- Net Operating Income $82,040
Listing and Financial Details
- Assessor Parcel Number 1614-00535-0000-00042-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,722 | $374,800 | $37,500 | $337,300 |
| 2024 | $6,722 | $374,800 | $37,500 | $337,300 |
| 2023 | $6,736 | $180,300 | $37,500 | $142,800 |
| 2022 | $6,736 | $180,300 | $37,500 | $142,800 |
| 2021 | $6,732 | $180,300 | $37,500 | $142,800 |
| 2020 | $6,851 | $180,300 | $37,500 | $142,800 |
| 2019 | $6,781 | $180,300 | $37,500 | $142,800 |
| 2018 | $6,658 | $180,300 | $37,500 | $142,800 |
| 2017 | $6,419 | $180,300 | $37,500 | $142,800 |
| 2016 | $6,202 | $180,300 | $37,500 | $142,800 |
| 2015 | $5,966 | $180,300 | $37,500 | $142,800 |
| 2014 | $5,591 | $180,300 | $37,500 | $142,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/15/2025 10/15/25 | For Sale | $900,000 | +11.8% | -- | |
| 11/23/2023 11/23/23 | Sold | $805,000 | -3.0% | -- | View Prior Sale |
| 09/25/2023 09/25/23 | Pending | -- | -- | -- | |
| 09/25/2023 09/25/23 | Price Changed | $830,000 | +10.7% | -- | |
| 09/06/2023 09/06/23 | For Sale | $749,999 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $805,000 | None Listed On Document | |
| Deed | -- | Chicago Title Insurance Co | |
| Interfamily Deed Transfer | -- | Ats Title Agency Inc | |
| Deed | $189,000 | -- | |
| Deed | $155,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $600,000 | New Conventional | |
| Previous Owner | $348,292 | FHA | |
| Previous Owner | $151,000 | No Value Available |
Source: Garden State MLS
MLS Number: 3992850
APN: 14-00535-0000-00042
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