570 Mount Prospect Ave, Newark City, NJ 07104
570 Mount Prospect Ave, Newark City, NJ 07104
570 Mount Prospect Ave, Newark City, NJ 07104
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Naveen Sharma

Naveen Sharma

+1(732) 429-0939
$675,000
Est. payment /mo
8 Beds
6 Baths
0.27 Acres Lot
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Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 4011668

Style Colonial

Bedrooms 8

Full Baths 5

Half Baths 2

HOA Y/N No

Year Built 1920

Annual Tax Amount $12,983

Tax Year 2024

Lot Size 0.270 Acres

Property Sub-Type Single Family

Property Description

**Investor Opportunity** 1-Family in R2 Zoning, 1 to 3 family. This legal 1-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, excellent candidate for redevelopment or value-add investment. Single family, two floor with a grand staircase, 3 Bedroom, 3 full and 2 half baths, detached 2 car garage and TWO 1 bedroom apartments with separate entrances. Located in the Forest Hill neighborhood close to Branch Brook Park.With a total of 23 rooms, including multiple bathrooms, and a detached 2-car garage, this property offers significant scale and potential. While the property is in need of renovations, it presents a unique opportunity for investors seeking to reposition a multi-family in a high-demand market. The large footprint and flexible layout provide options for reconfiguration, modernization, or conversion to meet today's rental and mixed-use demand. With strong rental demand in Newark and the growing trend of mixed-use conversions in the area, this property offers excellent potential upside for the right buyer.This is your chance to acquire a value-add project in a prime location ideal for seasoned investors or developers looking to maximize return on investment.

Location

State NJ

County Essex

Zoning R2

Rooms

Basement Full

Dining Room Formal Dining Room

Kitchen Eat-In Kitchen

Interior

Heating Gas-Natural, See Remarks

Cooling See Remarks

Flooring See Remarks

Fireplaces Number 1

Fireplaces Type Living Room

Heat Source Gas-Natural, See Remarks

Exterior

Exterior Feature See Remarks, Stucco

Parking Features Detached Garage

Garage Spaces 2.0

Utilities Available Electric, Gas-Natural

Roof Type See Remarks

Private Pool No

Building

Sewer Public Sewer

Water Public Water

Architectural Style Colonial

Others

Senior Community No

Ownership Fee Simple

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by CENTURY 21 ALLIANCE REALTY

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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570 Mount Prospect Ave