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42 Mount Prospect Ave Newark, NJ $ 579,000
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$ 579,000 Get more info
42 Mount Prospect Ave
$ 579,000
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42 Mount Prospect Ave

Newark, NJ, 07104
$ 579,000
Bedrooms12 Baths6.0

Monthly Estimate*

$ 3,565

42 Mount Prospect Ave, Newark, NJ 07104 - Image 1
42 Mount Prospect Ave, Newark, NJ 07104 - Image 2
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42 Mount Prospect Ave, Newark, NJ 07104 - Image 7

Multi-Family Home for sale in Newark, NJ

for $579,000 with 12 bedrooms and 6 full baths. This home was built in 1837 on a lot size of 0.13.

Full renovation opportunity for investors and developers! Welcome to 42 Mount Prospect Ave, a large 2-family property in Newark that has been fully gutted and is ready for a complete transformation. This expansive building offers a massive footprint with a total of 12 bedrooms and 6 full bathrooms across two oversized units, providing a strong foundation for a high-value renovation project. The property also includes a finished basement and sits on a generous lot with skyline views and a private driveway. With its substantial size, flexible layout, and prime redevelopment potential, this property is a rare opportunity for experienced investors looking to design and rebuild a high-performing multi-family asset. Bring your vision and unlock the full potential of this major value-add project.

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Multi-Family Active

Price

$ 579,000

Bedrooms

12

Full Bath

6

Property Type

Multi-Family

Taxes

$ 11,905

Style

3-Three Story

Lot Size

0.13

Year Built

1837

Town/City

Newark

County/Region

Essex

MLS | Web ID

4012645
Features
General
Sewer Public Sewer
Heating 1 Unit
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession ASAP
Roof Flat
Architectural Style 3-Three Story
Year Built 1837
Township Newark City
Tax Year 2025
Gross Income 9999
County Essex
Net Operating Income 9999
Operating Expense 9999
Total Rooms 19
Full Baths 6
Status Active
Directions Park Ave to Mt. Prospect Ave
Open Parking Spaces 1
Number Of Units Total 2
Tax Annual Amount 11905
Drive 1 Car Width
Standard Status Active
Tax Assessed Value 297700
Town # 1614
Tax Lot 38.01
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Interior
Basement Finished
Unit 1 Baths Total 3.0
Unit 1 Beds Total 6
Unit 2 Baths Total 2.0
Unit 2 Beds Total 5
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 12
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Exterior
Lot Features Skyline View
Water Source Public Water
Exterior Description Brick
Lot Dimensions 63X87.61
Lot Size Acres 0.13
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* Excluded Features
List By
TOVIA LICHTMAN

Listing Agent

Keller Williams Mid-Town Direct

Broker

Tovia@thelichtmanteam.com

Email

Affordability Calculator

$4,557
Per Month
78%
22%
0%
Monthly Principal & Interest
$3,565
Monthly Property Taxes
$992
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3/4/2026$579,000 Listed Price

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42 Mount Prospect Ave, Newark, NJ, 07104 is a Multi-Family Home for sale at $579,000 with a lot size of 0.13. 42 Mount Prospect Ave has 12 bedrooms, 6.0 baths, and was built in 1837. The property's zip code is 07104 which is in Newark, NJ

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