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    109 Fleming Ave Newark, NJ 07105

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    For Sale
    $2,999,999

    Six-family home with garages, fully rebuilt in 1999.

    Lot size:
    0.11 Acres

    Property Features for 109 Fleming Ave

    General Information

    Standard status
    Active
    Lot size
    0.11 Acres

    Building Details

    Year built
    1949

    Source: LISTONENJ Agent SONIA FERNANDES MOREIRA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Ironbound Multifamily With Garages

    This property, built in 1949 and renovated in 1999, is located in the North Ironbound section of Newark. It consists of two lots: one with a six-family home and the other with five garages and a driveway. Each unit in the six-family home features two bedrooms and one bathroom, along with central air and heat. The building was fully rebuilt from the ground up in 1999 and has been well maintained since. The property includes a full finished basement equipped with six coin-operated washing machines and dryers. There are seven water meters and seven gas/electric meters. The backyard features a wood-burning BBQ oven. This property presents an ideal turnkey investment or development opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    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
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1424526
    Latitude
    40.7322559

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    FAQs

    What type of property is this?
    Apartment building - Six-family home with garages, fully rebuilt in 1999.
    Where is this apartment building located?
    The property is located at 109 Fleming Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $2,999,999.
    What are key features of this property?
    This property features: - Turnkey 6-family home, consistently maintained since 1999 renovation.; - Each unit offers 2 beds/1 bath and central air and heat.; - Includes five garages with a driveway.
    (973) 727-2037
    Request Owner's contact information
    109 Fleming Ave Newark, NJ 07105
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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 Fleming Ave Newark, NJ 07105
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