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815 Mount Prospect Ave Newark, NJ $ 550,000
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815 Mount Prospect Ave
$ 550,000
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815 Mount Prospect Ave

Newark, NJ, 07104
$ 550,000
Bedrooms6 Baths3.0

Monthly Estimate*

$ 3,799

815 Mount Prospect Ave, Newark, NJ 07104 - Image 1
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815 Mount Prospect Ave, Newark, NJ 07104 - Image 8
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815 Mount Prospect Ave, Newark, NJ 07104 - Image 10
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815 Mount Prospect Ave, Newark, NJ 07104 - Image 12
815 Mount Prospect Ave, Newark, NJ 07104 - Image 13

Multi-Family Home for sale in Newark, NJ

for $550,000 with 6 bedrooms and 3 full baths. This home was built in 1895 on a lot size of 0.06.

Excellent investment opportunity in Newark?s North Ward/Forest Hill area. This fully occupied two-family property generates $4,100 in monthly rental income ($49,200 annually). The first-floor unit, including use of the registered finished basement, rents for $2,450 per month, while the second-floor unit rents for $1,650 per month. The registered basement features three multipurpose rooms, a full bathroom, and a walk-out entrance. Ideally located along the Mt. Prospect Avenue corridor, offering convenient access to Branch Brook Park, shopping, dining, public transportation, major highways, and Downtown Newark. An attractive opportunity to acquire an established income-producing multifamily property in a convenient North Ward location.

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Multi-Family Active

Price

$ 550,000

Bedrooms

6

Full Bath

3

Property Type

Multi-Family

Taxes

$ 4,374

Style

2-Two Story

Lot Size

0.06

Year Built

1895

Town/City

Newark

County/Region

Essex

MLS | Web ID

4063280
Features
Interior
Interior Amenities Carbon Monoxide Detector Fire Extinguisher Smoke Detector
Basement Finished Full Walkout
Unit 1 Baths Total 1.0
Unit 1 Beds Total 3
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 6
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General
Sewer Public Sewer
Heating 2 Units Baseboard - Hotwater
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession At Closing
Roof Rubberized
Water Heater Gas
Garage Spaces 0
Architectural Style 2-Two Story
Exclusions 2nd Floor Refrigerator
Year Built 1895
Garage On-Street Parking
Township Newark City
Tax Year 2025
Gross Income 49200
County Essex
Net Operating Income 0
Operating Expense 0
Subdivision Name North Newark
Total Rooms 14
Full Baths 3
Status Active
Directions Verona Ave. to Mt. Prospect
High School BARRINGER
Open Parking Spaces 0
Number Of Units Total 2
Elementary School HERNANDEZ
Tax Annual Amount 4374
Home Warranty Y/N No
Middle/Junior High School RIDGE ST
Drive On-Street Parking
Standard Status Active
Tax Assessed Value 109400
Town # 1614
Tax Lot 76
Farm Assessment No
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Exterior
Exterior Amenities Sidewalk
Lot Features Level Lot
Water Source Public Water
Exterior Description Vinyl Siding
Lot Dimensions 20.2X119.4
Lot Size Acres 0.06
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* Excluded Features
List By
JOEL REYES

Listing Agent

Howard Hanna Rand Realty

Broker

Affordability Calculator

$4,163
Per Month
91%
9%
0%
Monthly Principal & Interest
$3,799
Monthly Property Taxes
$365
Monthly 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
5601240 Elementary School
5601241 Middle School
Barringer High School High School
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Pricing History
DatePricePrice ChangeDescription
11/6/2026$550,000 Listed Price

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815 Mount Prospect Ave, Newark, NJ, 07104 is a Multi-Family Home for sale at $550,000 with a lot size of 0.06. 815 Mount Prospect Ave has 6 bedrooms, 3.0 baths, and was built in 1895. The property's zip code is 07104 which is in Newark, NJ

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