109 - 117 Mount Pleasant Ave, Newark, NJ 07104

Newark
Local realty services provided by:Burgdorff ERA
109 - 117 Mount Pleasant Ave,Newark City, NJ 07104
$1,495,000
  • 0.15 Acres
  • Lots / Land
  • Active
Listed by: brent w. blyte 3rd
Office: new and modern group201-256-1422
MLS#:4052553
Source:NJ_GSMLS

Price summary

  • Price:$1,495,000

About this home

Rare development opportunity in one of Newark's most desirable and rapidly evolving locations. This property consists of 2 fully cleared lots totaling approximately 12,377 square feet, ideally positioned near Downtown Newark and the University Heights section. Surrounded by significant new development this location offers strong long term upside for developers and investors looking to capitalize on Newark's continued rental growth. The site offers potential for the development of 5 Triplex Unit Structures and or 24 residential units as of right, creating a compelling opportunity for a sizable multifamily building and or individual triplexes. With slight density increase and or variance the unit counts can increase drastically. A substantial portion of the early site preparation has been completed allowing a developer to focus on design, approvals, and construction. Buyer and buyer's representatives are responsible for independently verifying all zoning, permitted uses, density, unit...

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Home facts

  • Listing ID #:4052553
  • Added:1 day(s) ago
  • Updated:September 15, 2026 at 10:37 AM

Structure and exterior

  • Lot area:0.15 Acres
  • Lot Features:Open Lot

Utilities

  • Water:Public Water on Property
  • Sewer:Public Sewer In Street

Finances and disclosures

  • Price:$1,495,000
  • Tax amount:$4,798 (2025)
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. 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved. 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. Date Last Updated September 15, 2026

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