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.
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Zillow last checked:
Listing updated:
Listed by:
Grisela Flores908-445-5339,
Florostone Realty Inc.
Source: GSMLS,MLS#: 4043727
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 7
Full bathrooms: 7
Heating
4+ Units, See Remarks, Natural Gas
Cooling
4+ Units
Appliances
Laundry: Laundry Room
Features
Bedrooms, Kitchen, Living/Dining Room
Flooring: Wood
Basement: Yes,Finished
Has fireplace: No
Interior area
Total structure area: 5,535
Total interior livable area: 5,535 sqft
Property
Parking
Total spaces: 4
Parking features: 1 Car Width, Concrete
Uncovered spaces: 4
Features
Exterior features: Sidewalk
Lot
Size: 2,178 Square Feet
Dimensions: 25 x 94.4 94.4
Features: Corner Lot
Details
Parcel number: 1614024700000000270000
Zoning description: Residential
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Vinyl Siding
Roof: Flat
Condition
Year built: 2025
Utilities & green energy
Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected
Community & HOA
Community
Security: Carbon Monoxide Detector
Subdivision: North Ironbound
Location
Region: Newark
Financial & listing details
Price per square foot: $289/sqft
Tax assessed value: $193,600
Annual tax amount: $7,362
Date on market: 7/29/2026
Total actual rent: 8700
Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas