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$ 1,599,900
Est. payment | /mo
8 Beds
7 Baths
5,535 SqFt
$ 1,599,900
Est. payment | /mo
8 Beds
7 Baths
5,535 SqFt
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,535 sqft
Price per Sqft $289
Subdivision North Ironbound
MLS Listing ID 4043727
Style Fourplex
Bedrooms 8
Full Baths 7
Year Built 2025
Annual Tax Amount $7,362
Tax Year 2024
Lot Size 2,178 Sqft
Property Description
This exceptional 2025 new construction fourplex offers a prime turnkey investment opportunity in the thriving market of Newark. Designed for strong rental performance and low maintenance, the property features four thoughtfully designed units, including Unit 1 with 2 bedrooms and 1 full bath, Units 2 and 3 each with 2 bedrooms and 2 full baths, and Unit 4 offering a unique townhouse-style layout with 2 bedrooms and 2 full baths across three spacious levels. All units showcase open-concept floor plans, abundant natural light, contemporary finishes, modern kitchens, and energy-efficient systems, appealing to today's tenants while minimizing operating costs. Ideal for investors seeking stable cash flow or owner-occupants looking to offset their mortgage, this property is conveniently located near major highways, public transportation, shopping, dining, and provides easy access to NYC. A rare opportunity to own a fully new construction multifamily property in one of Newark's high-demand rental areas.
Location
State NJ
County Essex
Zoning Residential
Rooms
Basement Finished
Interior
Interior Features Carbon Monoxide Detector, Wood Floors
Heating Gas-Natural
Cooling 4+ Units
Heat Source Gas-Natural
Exterior
Exterior Feature Vinyl Siding
Utilities Available Gas-Natural
Roof Type Flat
Building
Lot Description Corner
Sewer Public Sewer
Water Public Water
Architectural Style Fourplex
Others
Senior Community No
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Listed by FLOROSTONE REALTY INC.
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Hakan Karahan
President/Broker of Record | License ID: 9693664