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.
Active
$1,599,900
108 Fleming Ave, Newark City, NJ 07105
8beds
5,535sqft
Multi Family
Built in 2025
-- sqft lot
$-- Zestimate®
$289/sqft
$-- HOA
What's special
Contemporary finishesAbundant natural lightEnergy-efficient systemsModern kitchensOpen-concept floor plans
- 75 days
- 457
- 50
Zillow last checked:
Listing updated:
Listed by:
Grisela Flores 908-445-5339,
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: $7,742
- Date on market: 7/29/2026
- Total actual rent: 8700
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2026 | Listed for sale | $1,599,900-23.8%$289/sqft |
Source:  GSMLS #4043727 Report a problem | ||
| 11/7/2025 | Listing removed | $2,100,000$379/sqft |
Source: HCMLS #250020777 Report a problem | ||
| 10/8/2025 | Listed for sale | $2,100,000-8.7%$379/sqft |
Source: GSMLS #3991414 Report a problem | ||
| 9/9/2025 | Listing removed | $2,300,000$416/sqft |
Source:  All Jersey MLS #2602524R Report a problem | ||
| 8/14/2025 | Listed for sale | $2,300,000+253.8%$416/sqft |
Source: HCMLS #250016654 Report a problem | ||
| 4/21/2025 | Sold | $650,000+23.8%$117/sqft |
Source: Public Record Report a problem | ||
| 7/1/2024 | Sold | $525,000+58%$95/sqft |
Source: GSMLS #3896109 Report a problem | ||
| 11/20/2019 | Listing removed | $332,212$60/sqft |
Source: Auction.com Report a problem | ||
| 11/19/2019 | Price change | $332,212+0.4%$60/sqft |
Source: Auction.com Report a problem | ||
| 11/17/2019 | Price change | $331,049+1.7%$60/sqft |
Source: Auction.com Report a problem | ||
| 11/11/2019 | Price change | $325,442+0.4%$59/sqft |
Source: Auction.com Report a problem | ||
| 11/9/2019 | Price change | $324,043+0.5%$59/sqft |
Source: Auction.com Report a problem | ||
| 11/6/2019 | Price change | $322,394+0.2%$58/sqft |
Source: Auction.com Report a problem | ||
| 11/4/2019 | Price change | $321,805+0.1%$58/sqft |
Source: Auction.com Report a problem | ||
| 11/3/2019 | Price change | $321,555-1.4%$58/sqft |
Source: Auction.com Report a problem | ||
| 11/1/2019 | Listed for sale | $326,201-0.3%$59/sqft |
Source: Auction.com Report a problem | ||
| 9/4/2019 | Listing removed | $327,136$59/sqft |
Source: Auction.com Report a problem | ||
| 8/31/2019 | Price change | $327,1360%$59/sqft |
Source: Auction.com Report a problem | ||
| 8/30/2019 | Price change | $327,219-0.2%$59/sqft |
Source: Auction.com Report a problem | ||
| 8/27/2019 | Price change | $327,869-0.2%$59/sqft |
Source: Auction.com Report a problem | ||
| 8/22/2019 | Price change | $328,5440%$59/sqft |
Source: Auction.com Report a problem | ||
| 8/21/2019 | Price change | $328,574-0.1%$59/sqft |
Source: Auction.com Report a problem | ||
| 8/19/2019 | Price change | $328,756+0.2%$59/sqft |
Source: Auction.com Report a problem | ||
| 8/17/2019 | Price change | $327,990-0.1%$59/sqft |
Source: Auction.com Report a problem | ||
| 8/15/2019 | Price change | $328,466+0%$59/sqft |
Source: Auction.com Report a problem | ||
| 8/14/2019 | Price change | $328,368-0.1%$59/sqft |
Source: Auction.com Report a problem | ||
| 8/10/2019 | Listed for sale | $328,534+1.1%$59/sqft |
Source: Auction.com Report a problem | ||
| 6/21/2016 | Sold | $325,000+69.3%$59/sqft |
Source: Public Record Report a problem | ||
| 9/9/2014 | Sold | $192,000$35/sqft |
Source: GSMLS #3127640 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,742 +5.2% | $193,600 |
| 2024 | $7,363 +0.1% | $193,600 |
| 2023 | $7,357 | $193,600 |
| 2022 | $7,357 | $193,600 |
| 2021 | $7,357 +1% | $193,600 |
| 2020 | $7,281 +37.4% | $193,600 |
| 2019 | $5,298 | $193,600 |
| 2018 | $5,298 -20.5% | $193,600 |
| 2017 | $6,660 +4% | $193,600 |
| 2016 | $6,406 +6.7% | $193,600 |
| 2015 | $6,004 +5% | $193,600 |
| 2014 | $5,717 -46.1% | $193,600 |
| 2013 | $10,598 +3.7% | $193,600 -36.9% |
| 2012 | $10,217 +4.7% | $307,000 |
| 2011 | $9,763 +16.1% | $307,000 |
| 2010 | $8,409 +5.4% | $307,000 |
| 2009 | $7,979 +4.4% | $307,000 |
| 2008 | $7,644 | $307,000 |
| 2007 | $7,644 | $307,000 |
| 2006 | -- | $307,000 |
| 2005 | -- | $307,000 |
| 2004 | $6,631 | $307,000 |
| 2003 | -- | $307,000 +2939.6% |
| 2002 | -- | $10,100 |
| 2001 | -- | $10,100 |
Find assessor info on the county website
Monthly payment
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Neighborhood: North Ironbound
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