Listing Details

47 Fleming Ave,Newark City, NJ 07105

  • December 13, 2025

Description

Exceptional mixed-use investment opportunity in Newark?s RDV Redevelopment Plan Area. This commercial property features a bar/restaurant on the first floor with a long-term, established tenant providing consistent income, plus two updated residential apartments offering strong rental potential. Prime location with excellent NYC commuter access, making the apartments highly desirable to renters. This property can also be purchased together with 45 Fleming St next door, adding three additional rental units and creating a rare multi-building portfolio opportunity. Ideal for investors seeking cash-flowing Newark properties, redevelopment upside, or long-term appreciation in a rapidly improving corridor. Don?t miss the chance to acquire two adjacent properties with significant future growth potential.

Details

Last Updated On: December 13th, 2025 at 4:11 pm
Property ID:PT-20592676-AXZR
Offer Type:For Sale
Property Type:Mixed Use
Price: 849,900 $
Year Built:1950

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 24.11X100
Property Type: Mixed Use
Lot Identifier: 3

Home Details

Acreage: 0.06
Sale Includes: Building & Land
Renovated: 2025
Construction: Brick/Block
Roof Description: Flat
Number of Stories: 3
Number of Units: 3
Number of Lavatories: 3
Parking Desc: On-Street Parking
Easement/Desc: No
Basmnt/Desc: Yes - Unfinished
YB/Desc: 1950 - Approximate, Renovated
Block Identifier: 2022
County Number: 16
Town Number: 1614
Possession: TBD

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Ownership: Fee Simple
Tax ID For Property: 1614-02022-0000-00003-0000-
Tax Amount: $13,800.00
Tax Year: 2025
Tax Rate: 3.803%
Tax Rate Year: 2025
Land Assessment: $144,000.00
Building Assessment: $217,600.00
Total Assessment: $361,600.00

Utilities

Equipment Available: Appliances, Fire Alarm
Heat Source: Gas-Natural
Heat System: 3 Units, Forced Hot Air
Cool System: 3 Units, Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Gas-Natural

Other

Zoning: RDV

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