303 Morris Ave

12,196 / 0.28
Lot Size / Acres

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...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.
  1. Listed by DANIEL F. SANTOS • SIGNATURE REALTY NJ

Property Details for 303 Morris Avenue

Directions
The lots are situated at the northern corner of Morris Avenue, between 4th Avenue and 15th Avenue, in the 07103 zip code area
Days On Market
0
Section/Subdiv/Development
Block 246 LOTS 5 & 7-10
LISTING UPDATED: 11/04/2025 09:08 PM

Property Details for 303 Morris Avenue

StatusActive
MLS #3996165
Days on Market77
Taxes$1,140 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLots And Land
Year Built-
Lot Size0.28 AC
CountyEssex County

Location

Listing Courtesy of SIGNATURE REALTY NJ, DANIEL F. SANTOS
Add your commute

Building Information for 303 Morris Avenue

Lot Size0.28 AC

Payment Calculator

$7,893 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,798

Property Taxes

$95

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 303 Morris Avenue

Summary
Location and General Information
  • Address Included: Y
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 246
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 303.0
  • County Or Parish: Essex
  • Street Name: Morris Ave
  • Zip Code: 07103-2626
Taxes and HOA Information
  • Block ID Tax: *
  • County Tax: *
  • Tax Amount: $1,140
  • Street name Tax: *
  • Zip Code Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 30000.0
  • Tax ID For Property: 1614-00246-0000-00010-0000-
  • Tax Id Tax: *
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2025
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
Property
Lot Information
  • Lot Description: Level Lot
  • Lot Identifier: 10
  • Approximate Lot Size: 123X100
  • Total Acres: 0.28
Property and Assessments
  • Assessment Bldg: 0.0
  • Assessment Land: 30000.0
Utilities
  • Services: Cable TV Available, Fiber Optic Available, Garbage Included
Interior and Exterior Features
Interior Features
  • Easement: Unknown

Property History for 303 Morris Avenue

DateEvent & SourcePriceAppreciation
Nov 4, 2025

Listed (Active)

GSMLS #3996165

$1,600,000
DateEvent & SourcePrice
11/04/2025

Listed (Active)

GSMLS #3996165

$1,600,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 303 Morris Avenue

Taxable ValueLand$30,000Additions-Total$30,000
Tax Record2024$1,141 ($95 / month)
Home Facts
Beds0Lot Size2,500 SqFtStyleMiscellaneous Vacant LandCountyESSEXAPN14 00246-0000-00010

Schools near 303 Morris Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - PK to 3
Public - PK to 5
Public - K to 4
Rating
School
Distance
Michelle Obama Elementary School
PublicPK to 3

Sir Isaac Newton Elementary School
PublicPK to 3

East Ward Elementary School
PublicPK to 5

Ironbound Academy Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

Similar Homes

Similar Sold Homes

303 Morris Avenue is a 0.28 ac of land for sale in Newark, NJ 07103. This property was listed for sale on November 4, 2025 by SIGNATURE REALTY NJ, it's currently listed at $1,600,000. This listing's school district is The Newark Public School District. Nearby schools include Michelle Obama Elementary School, Sir Isaac Newton Elementary School and East Ward Elementary School. 303 Morris Avenue is a 0-bed, 0-bath, 0.28 ac of land on a 12,196 sq. ft. / 0.28 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SIGNATURE REALTY NJ, DANIEL F. SANTOS

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