108 Fleming Ave
Newark City, NJ 07105
Price: $1,599,900
GSMLS: 4043727Type: Multi-Family
Style: Fourplex
Total Units: 4
Beds: 8
Baths: 7 Full
Garage: No
Year Built: 2025
Acres: 0.05
Property Tax: $7,362
Description
This exceptional 2025 new construction fourplex offers a prime turnkey investment opportunity in the thriving market of Newark. Designed for strong rental performance and low maintenance, the property features four thoughtfully designed units, including Unit 1 with 2 bedrooms and 1 full bath, Units 2 and 3 each with 2 bedrooms and 2 full baths, and Unit 4 offering a unique townhouse-style layout with 2 bedrooms and 2 full baths across three spacious levels. All units showcase open-concept floor plans, abundant natural light, contemporary finishes, modern kitchens, and energy-efficient systems, appealing to today's tenants while minimizing operating costs. Ideal for investors seeking stable cash flow or owner-occupants looking to offset their mortgage, this property is conveniently located near major highways, public transportation, shopping, dining, and provides easy access to NYC. A rare opportunity to own a fully new construction multifamily property in one of Newark's high-demand rental areas.
General Info
Style:
Fourplex
SqFt Building:
n/a
Total Rooms:
24
Basement:
Yes - Finished
Interior:
Carbon Monoxide Detector, Wood Floors
Roof:
Flat
Exterior:
Vinyl Siding
Lot Size:
25X94.4 94.4
Lot Desc:
Corner
Parking
Garage Capacity:
No
Description:
n/a
Parking:
1 Car Width, Concrete
Spaces Available:
4
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Laundry Room, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas,Dishwshr,Microwav,RgOvGas,Refrig,StkW/D
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Laundry Room, Living/Dining Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas,Dishwshr,Microwav,RgOvGas,Refrig,StkW/D
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Laundry Room, Living/Dining Room
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas,Dishwshr,Microwav,RgOvGas,Refrig,StkW/D
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Laundry Room, Living/Dining Room
Levels:
4
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas,Dishwshr,Microwav,RgOvGas,Refrig,StkW/D
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Utilities
Heating:
4+ Units, See Remarks
Heating Fuel:
Gas-Natural
Cooling:
4+ Units
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
North Ironbound
Financial Considerations
List Price:
$1,599,900
Tax Amount:
$7,362
Land Assessment:
$67,200
Build. Assessment:
$126,400
Total Assessment:
$193,600
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
4043727
List Date:
07-29-2026
Days On Market:
3
Listing Broker:
FLOROSTONE REALTY INC.
Listing Agent:
Grisela Flores
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
