47 Fleming Ave Newark, NJ 07105
North Ironbound NeighborhoodEstimated payment $5,563/month
About This Home
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.
Property Details
Property Type
- Other
Est. Annual Taxes
- $13,800
Home Design
- Flat Roof Shape
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,480 | $361,600 | $144,000 | $217,600 |
| 2024 | $13,480 | $361,600 | $144,000 | $217,600 |
| 2022 | $13,509 | $361,600 | $144,000 | $217,600 |
| 2021 | $13,502 | $361,600 | $144,000 | $217,600 |
| 2020 | $15,200 | $400,000 | $144,000 | $256,000 |
| 2019 | $17,981 | $478,100 | $144,000 | $334,100 |
| 2018 | $17,656 | $478,100 | $144,000 | $334,100 |
| 2017 | $17,020 | $478,100 | $144,000 | $334,100 |
| 2016 | $16,447 | $478,100 | $144,000 | $334,100 |
| 2015 | $15,820 | $478,100 | $144,000 | $334,100 |
| 2014 | $14,826 | $478,100 | $144,000 | $334,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/13/2025 12/13/25 | For Sale | $849,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $440,000 | Executive Abstract Ttl Agcy | |
| Quit Claim Deed | $105,000 | -- | |
| Quit Claim Deed | -- | Madison Title Agency Llc | |
| Quit Claim Deed | -- | Madison Title Agency Llc | |
| Sheriffs Deed | -- | Madison Title Agency Llc | |
| Deed | $775,000 | Chicago Title Insurance Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $707,950 | FHA | |
| Closed | -- | No Value Available |
Source: New Jersey MLS
MLS Number: 25043185
APN: 14-02022-0000-00003
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