242 Prospect St Nutley, NJ ^$ 650,000

242 Prospect St

^$ 650,000

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242 Prospect St

Nutley, NJ, 07110

^$ 650,000

Bedrooms3 Baths3.0

Monthly Estimate*

^$ 4,489

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Multi-Family Home for sale in Nutley, NJ

for $650,000 with 3 bedrooms and 3 full baths. This home was built in 1954 on a lot size of 0.1.

Two family home in Nutley, NJ! situated on a corner lot in a great neighborhood. The main unit features a renovated eat in kitchen with granite countertops and stainless steel appliances, 2 bedrooms and one full bath. This unit also has a finished and renovated basement with a versatile room great for additional living space, plus another full bathroom. The second-floor unit offers one bedroom and one full bathroom, creating an excellent opportunity for rental income. Conveniently located near shopping, restaurants, public transportation, and major commuter routes, this property is ideal for both owner occupants and investors seeking an income producing home in a prime location.

Multi-Family Pending

Price

^$ 650,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 12,234

Style

2-Two Story

Lot Size

0.1

Year Built

1954

Town/City

Nutley

County/Region

Essex

MLS | Web ID

4036989

Features

Interior

Interior Amenities Carbon Monoxide Detector Fire Extinguisher See Remarks Smoke Detector Wood Floors

Basement Finished Full

Unit 1 Baths Total 2.0

Unit 1 Beds Total 2

Unit 2 Baths Total 1.0

Unit 2 Beds Total 1

Fuel Type Gas-Natural

Half Baths 0

Total Bedrooms 3

General

Sewer Public Sewer

Heating 2 Units See Remarks

Cooling Wall A/C Unit(s) Window A/C(s)

Utilities All Underground Electric Gas-Natural

Possession immediate

Roof Asphalt Shingle

Water Heater Gas

Garage Spaces 1

Architectural Style 2-Two Story

Year Built 1954

Garage Attached Garage

Township Nutley Twp.

Tax Year 2025

Gross Income 0

County Essex

Net Operating Income 0

Operating Expense 0

Total Rooms 7

Full Baths 3

Status Under Contract

Directions corner of Centre and Prospect Street

Open Parking Spaces 3

Number Of Units Total 2

Tax Annual Amount 12234

Home Warranty Y/N No

Drive 2 Car Width

Standard Status Under Contract

Tax Assessed Value 453300

Town # 1616

Tax Lot 5

Farm Assessment No

Exterior

Exterior Amenities Patio

Lot Features Corner

Water Source Public Water

Exterior Description Brick See Remarks Vinyl Siding

Lot Dimensions 4875

Lot Size Acres 0.10

* Excluded Features

List By

LAYTH ABBASI

Listing Agent

The Abbasi Agency

Broker

Affordability Calculator

$5,509

Per Month

Monthly Principal & Interest: $4,489
Monthly Property Taxes: $1,020
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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

Trends
Schools

Multi-family listings in Nutley, NJ

Average List Price ^$761,038

Percent of Sale Price 17%

About Nutley, NJ

29,582 Population

8% Since 2002

^$90,237 Median Income

42.54 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/15/2026	$650,000	-7.14%	Price Down
6/25/2026	$699,999		Listed Price

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242 Prospect St, Nutley, NJ, 07110 is a Multi-Family Home for sale at $650,000 with a lot size of 0.1. 242 Prospect St has 3 bedrooms, 3.0 baths, and was built in 1954. The property's zip code is 07110 which is in Nutley, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% 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.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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242 Prospect St

Multi-Family Home for sale in Nutley, NJ

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