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    109-111 Fleming Ave Newark, NJ 07105

    For Sale
    $2,999,999

    Two Lots in Newark-North Ironbound! A 6 family home on one side and five garages with a driveway in the other! L@@K!!

    Property size:
    4,930 SF

    Description

    Added:
    Sep 22, 2025
    Days on Market:
    77
    Each unit has 2 bed/1 bath, w/central air and heat. Fully rebuilt from the ground up in 1999 and well maintained since. Features a full finished basement, with six coin operated washing machines and dryers. Also includes seven water meters and seven gas/electric meters. Even a wood burning BBQ Oven (Forno) in the backyard. An ideal turnkey investment or development opportunity.

    Property Features for 109-111 Fleming Ave

    General Information

    Property type
    Multifamily properties
    Investment Type
    sale/leaseback
    Square Feet
    4,930 SF

    Building Details

    Buildings
    2
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    State
    New Jersey
    Longitude
    -74.1470764
    Latitude
    40.7308935

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    FAQs

    What type of property is this?
    Multifamily property - Two Lots in Newark-North Ironbound! A 6 family home on one side and five garages with a driveway in the other! L@@K!!
    Where is this multifamily property located?
    The property is located at 109-111 Fleming Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $2,999,999.
    (973) 943-2924
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    Newark, NJ 07105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109-111 Fleming Ave Newark, NJ 07105
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