570 Mount Prospect Ave, Newark, NJ 07104

Local realty services provided by:ERA Queen City Realty
570 Mount Prospect Ave,Newark City, NJ 07104
$599,900
  • - Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:douglas ramos
Office:century 21 alliance realty
MLS#:3988838
Source:NJ_GSMLS

Price summary

  • Price:$599,900

About this home

Investor Opportunity " 4-Family in Newark Located in the City of Newark, this legal 4-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, making it an excellent candidate for redevelopment or value-add investment. With a total of 23 rooms, 8 bedrooms, multiple bathrooms, and a detached 2-car garage, this property offers significant scale and potential. While the property is in need of renovations, it presents a unique opportunity for investors seeking to reposition a multi-family in a high-demand market. The large footprint and flexible layout provide options for reconfiguration, modernization, or conversion to meet today's rental and mixed-use demand. With strong rental demand in Newark and the growing trend of mixed-use conversions in the area, this property offers excellent upside potential for the right buyer. This is your chance to acquire a value-add project in a prime location ideal for seasoned investors or

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Home facts

  • Year built:1920
  • Listing ID #:3988838
  • Added:2 day(s) ago
  • Updated:September 27, 2025 at 01:04 PM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:5

Heating and cooling

  • Heating:1 Unit

Structure and exterior

  • Year built:1920
  • Lot area:0.27 Acres

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$599,900
  • Tax amount:$12,983 (2024)
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. 2025 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 27, 2025

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