Date
Details
Price
Change
Source
11/04/2025
Listed
$1,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,600,000
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Property Description
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.
Full Property Details
Full Property Details for 303 Morris Ave
General
- Price: $1,600,000
- Taxes: $1,140 (2024)
- Status: Active
- Type: Lots/Land
- Source: Garden_State
- MLS ID: 3996165
- Updated: 11/4/2025
- Added to Site: 74 day(s) ago
Location
- County: Essex
- Subdivision: Block 246 LOTS 5 & 7-10
- Driving Directions: The lots are situated at the northern corner of Morris Avenue, between 4th Avenue and 15th Avenue, in the 07103 zip code area
- Total Lots Available: 5
Utilities
- Sewer: Public Sewer in Street
- Water: Public Water in Street
- Utility Description: Electric, Gas, Cable TV Available, Fiber Optic Available, Garbage Included
Lot Features
- Lot Size (Acres): 0.28
- Lot Size: 123X100
- Street/Road Desc.: Blacktop/Asphalt Road
- Development Status: Site Plan Approved
- Present Use: Vacant/Unimproved
- Zoning: Planned Unit Development, Residential Multi-Family, See Remarks
- Lot Description: Level Lot, Mowed Grass
Financial Considerations
- Assessment Amount: $30,000
- Land Assmt: $30,000
- Tax Amount: $1,140
- Tax Year: 2024
Disclosures and Reports
- Documents Avail.: Building Plans, Engineering Report, See Remarks, Site Plan, Survey Available
- Block: 246
- Lot Number: 10
Listed by Signature Realty Nj
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Listing agent
— 303 Morris Ave —
Signature Realty Nj
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Schools
Schools serving 303 Morris Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 0.2 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 0.4 mi |
Harriet Tubman Elementary School 504 South 10th Street, Newark, NJ 07103 | PK-4 | 0.5 mi |
Quitman Street School 21 Quitman Street, Newark, NJ 07103 | K-8 | 0.6 mi |
Sussex Avenue Elementary School 307 Sussex Avenue, Newark, NJ 07107 | K-4 | 1 mi |
South Street Elementary School 44-48 Hermon Street, Newark, NJ 07105 | K-8 | 1.4 mi |
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105 | PK-8 | 1.4 mi |
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105 | K-8 | 1.6 mi |
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108 | K-8 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 303 Morris Ave
Tax History
Tax History for 303 Morris Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,141
2%
$30,000
—
2022
$1,121
—
$30,000
—
2021
$1,120
100%
$30,000
—
2021
100%
$30,000
—
2020
-100%
$30,000
—
2016
$1,032
4%
$30,000
—
2015
$993
12%
$30,000
—
2013
$886
—
$30,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 303 Morris Ave
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- Duplex
- Active
- Updated 2 days ago
- 4Beds
- 2Total Baths
Listed by Compass New Jersey, LLC-Montclair
- Multi-Family
- Active
- Updated 2 days ago
- 5Total Beds
Listed by Mid-Realty, Inc.
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 1Total Bath
Listed by Weichert Home City Realty
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- Multi-Family
- Active
- Updated 2 days ago
- 7Total Beds
Listed by EXP Realty, LLC
- Condo
- Active
- Updated 3 days ago
- 1Bed
- 1Total Bath
Listed by RE/MAX In Action
- Single Family
- Active
- Updated 6 days ago
- 7Beds
- 3Total Baths
Listed by Twrg Realty Group
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- Commercial
- Closed
Listed and Sold by FERREIRA REALTY & ASSOCIATES
- Office
- Closed
Listed and Sold by Realty Executives Exceptional Realtors-Pompton Plains
303 Morris Ave, Newark, NJ 07103 (MLS# 3996165) is a Lots/Land property with a lot size of 0.28 acres. 303 Morris Ave is currently listed for $1,600,000 and was received on November 04, 2025. Want to learn more about 303 Morris Ave? Do you have questions about finding other Lots/Land real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.