570 Mount Prospect Ave, Newark, NJ 07104
Local realty services provided by:Better Homes and Gardens Real Estate Green Team
570 Mount Prospect Ave,Newark City, NJ 07104
$675,000
- 8 Beds
- 7 Baths
- - sq. ft.
- Single family
- Pending
Listed by: douglas ramos
Office: century 21 alliance realty908-587-5222
MLS#:4011668
Source:NJ_GSMLS
Price summary
- Price:$675,000
About this home
**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....
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Home facts
- Year built:1920
- Listing ID #:4011668
- Added:97 day(s) ago
- Updated:June 05, 2026 at 08:47 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:7
- Full bathrooms:5
- Half bathrooms:2
- Rooms Total:23
- Dining Description:Formal Dining Room
- Kitchen Description:Eat-In Kitchen
- Basement Description:Basement, Full
Heating and cooling
- Heating:1 Unit
Structure and exterior
- Year built:1920
- Lot area:0.27 Acres
- Architectural Style:Colonial
- Construction Materials:Stucco
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$675,000
- Tax amount:$12,983 (2024)
Features and amenities
- Appliances:See Remarks
- Amenities:Gas-Natural
Parking
- Parking description:1 Car Width, Detached Garage
- Garage spaces:2
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