570 Mount Prospect Ave Newark, NJ $ 599,900
570 Mount Prospect Ave
$ 599,900
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570 Mount Prospect Ave

Newark, NJ, 07104
$ 599,900
Bedrooms8 Baths5.0

Monthly Estimate*

$ 3,743

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Multi-Family Home for sale in Newark, NJ

for $599,900 with 8 bedrooms and 5 full baths. This home was built in 1920 on a lot size of 0.27.

Investor Opportunity " 4-Family in Newark Located in the City of Newark, this legal 4-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, making it an excellent candidate for redevelopment or value-add investment. With a total of 23 rooms, 8 bedrooms, 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 upside potential 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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Multi-Family Pending

Price

$ 599,900

Bedrooms

8

Full Bath

5

Property Type

Multi-Family

Taxes

$ 12,983

Style

3-Three Story

Lot Size

0.27

Year Built

1920

Town/City

Newark

County/Region

Essex

MLS | Web ID

3988838

Features
Interior
Interior Amenities See Remarks
Basement Full
Unit 1 Baths Total 1.0
Unit 1 Beds Total 1
Unit 2 Baths Total 2.0
Unit 2 Beds Total 3
Unit 3 Baths Total 1.1
Unit 3 Beds Total 2
Unit 4 Baths Total 1.0
Unit 4 Beds Total 1
Fuel Type Gas-Natural See Remarks
Half Baths 0
Total Bedrooms 8
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General
Sewer Public Sewer
Heating 1 Unit See Remarks
Cooling None SeeRem
Utilities Electric Gas-Natural
Possession at closing
Roof See Remarks
Garage Spaces 2
Architectural Style 3-Three Story
Exclusions All Tenants Personal Property is excluded.
Year Built 1920
Garage Detached Garage
Township Newark City
Tax Year 2024
Gross Income 0
County Essex
Net Operating Income 0
Operating Expense 0
Total Rooms 23
Full Baths 5
Status Under Contract
Directions Bloomfield Avenue to Mt. Prospect Avenue the subject is the corner of Mt. Prospect and Delavan Avenue.
Open Parking Spaces 2
Number Of Units Total 4
Tax Annual Amount 12983
Home Warranty Y/N No
Drive 1 Car Width Blacktop
Standard Status Under Contract
Tax Assessed Value 341400
Town # 1614
Tax Lot 9
Farm Assessment No
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Exterior
Water Source Public Water
Exterior Description See Remarks Stucco
Lot Dimensions 90X130
Lot Size Acres 0.27
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* Excluded Features
List By
DOUGLAS RAMOS

Listing Agent

Century 21 Alliance Realty

Broker

maindesk@C21ar.net

Email

Affordability Calculator

$4,825
Per Month
78%
22%
0%
Monthly Principal & Interest
$3,743
Monthly Property Taxes
$1,082
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/24/2025$599,900 Listed Price

Map


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570 Mount Prospect Ave, Newark, NJ, 07104 is a Multi-Family Home for sale at $599,900 with a lot size of 0.27. 570 Mount Prospect Ave has 8 bedrooms, 5.0 baths, and was built in 1920. The property's zip code is 07104 which is in Newark, NJ