303 Morris Ave, Newark, NJ 07103

Local realty services provided by:ERA Reed Realty, Inc.
303 Morris Ave,Newark City, NJ 07103
$1,600,000
  • 0.28 Acres
  • Lots / Land
  • Active
Listed by: daniel f. santos
Office: signature realty nj
MLS#:3996165
Source:NJ_GSMLS

Price summary

  • Price:$1,600,000

About this home

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.

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Home facts

  • Listing ID #:3996165
  • Added:10 day(s) ago
  • Updated:November 15, 2025 at 04:12 PM

Structure and exterior

  • Lot area:0.28 Acres

Utilities

  • Water:Public Water in Street
  • Sewer:Public Sewer In Street

Finances and disclosures

  • Price:$1,600,000
  • Tax amount:$1,140 (2024)
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