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674 Mount Prospect Ave Newark, NJ $ 950,000
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$ 950,000 Get more info
674 Mount Prospect Ave
$ 950,000
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674 Mount Prospect Ave

Newark, NJ, 07104
$ 950,000
Bedrooms-- Baths-- Sq 3,500

Monthly Estimate*

$ 5,998

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Commercial Property for sale in Newark, NJ

for $950,000 with 3 half baths. This 3,500 square foot building was built on a lot size of 0.07.

Excellent mixed-use investment opportunity located in the heart of Newark?s thriving North Ward business district. This property features an approximately 1,800-square-foot retail storefront and two residential apartments, providing excellent income-producing potential. Ideally situated near NYC transportation, shopping centers, restaurants, and other local amenities, this property is perfect for investors or owner-occupants seeking a prime location with multiple revenue streams.

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Commercial Active

Price

$ 950,000

Half Bath

3

Property Type

Commercial

Taxes

$ 7,414

Style

MixedUse

Lot Size

0.07

Town/City

Newark

County/Region

Essex

MLS | Web ID

4050392
Features
General
Sewer Public Sewer
Construction See Remarks
Heating 3 Units Baseboard - Hotwater Radiators - Hot Water
Cooling 1 Unit
Utilities Gas In Street
Possession 30-45 days
Roof Asphalt Shingle
Zoning COM
Garage Spaces 0
Year Built 9999
Tenant Pays Electric Gas Heat Hot Water
Township Newark City
Property Type Mixed Use MixedUse
Tax Year 2025
Ownership Fee Simple
Location Business District
County Essex
Status Active
Directions Between Heller Pkwy and Elwood Ave
Number Of Units Total 3
Tax Annual Amount 7414
Drive None On-Street Parking
Leasable Area 500
Standard Status Active
Tax Assessed Value 185400
Town # 1614
Tax Lot 6
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Interior
Basement Unfinished
Flooring Carpeting Tile
Fuel Type Gas-Natural
Total Stories 3
Half Baths 3
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Exterior
Water Source Public Water
Total Parking 0
Exterior Description Vinyl Siding
Building Area Total 3500
Lot Dimensions 25X130
Lot Size Acres 0.07
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* Excluded Features
List By
CARMEN JIMENEZ

Listing Agent

Re/Max Professionals I

Broker

cjimenez116@aol.com

Email

Affordability Calculator

$6,616
Per Month
91%
9%
0%
Monthly Principal & Interest
$5,998
Monthly Property Taxes
$618
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/3/2026$950,000 Listed Price

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674 Mount Prospect Ave, Newark, NJ, 07104 is a Commercial Property for sale at $950,000 with 3,500 sqft and a lot size of 0.07. The property's zip code is 07104 which is in Newark, NJ

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