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7-Unit Apartment Building
For Sale
$1,399,000

28 Fleming Ave #28, Newark, NJ 07105

Separate utilities and a mix of two- and three-bedroom apartments support flexible occupancy across the property.

Property SizeContact for details
Days on Market146

Property Features for 28 Fleming Ave #28

General Information

Standard status Active
Property subtype Commercial
Zoning Residential
Net Operating Income $95,988

Site & Location

Neighborhood Ironbound

Additional Details

Multifamily Units 7

Building Details

Buildings 1
Stories 3
Units 7
Listing Agency: Weichert Realtors - Home City
Listed By: Augusto Verissimo · License #233455
Source: Cammarotarealestate
Added: Jun 2 Changed: Oct 22 Last Checked: Oct 22 at 2:15PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weichert Realtors - Home City

Rey
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Investment Insights

Based on property information with market context.

This seven-family apartment property contains a mix of two- and three-bedroom layouts. Apartments feature combined kitchen, living, and dining areas, and the building has separate utilities.

The property occupies a corner at Fleming Avenue and Mott Street in Newark’s Ironbound neighborhood. Newark Liberty International Airport, Downtown Newark, public transportation, and routes for commuting to New York City are accessible from the area.

A potential package purchase with 30 Fleming Avenue is also noted.

Key Highlights

  • Seven‑family apartment building
  • Mix of 2- and 3‑bedroom layouts
  • Kitchen, living, and dining areas combined within the apartments

Property Analytics

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Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

1,863
Businesses Nearby

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Separate utilities and a mix of two- and three-bedroom apartments support flexible occupancy across the property.
Where is this apartment building located?
The property is located at 28 Fleming Ave #28 Newark, NJ.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Seven‑family apartment building; Mix of 2- and 3‑bedroom layouts; Kitchen, living, and dining areas combined within the apartments
More about this property
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