815 Mount Prospect Ave, Newark, NJ 07104

Newark
Local realty services provided by:ERA Duke Realtors
815 Mount Prospect Ave,Newark City, NJ 07104
$550,000
  • 6 Beds
  • 3 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: joel reyes
Office: howard hanna rand realty973-740-1881
MLS#:4063280
Source:NJ_GSMLS

Price summary

  • Price:$550,000

About this home

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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Home facts

  • Year built:1895
  • Subdivision & Development:North Newark
  • Listing ID #:4063280
  • Added:7 day(s) ago
  • Updated:November 13, 2026 at 03:34 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:14
  • Basement Description:Basement, Finished, Full, Walkout

Heating and cooling

  • Cooling:Wall A/C Unit(s)
  • Heating:2 Units, Baseboard - Hotwater

Structure and exterior

  • Roof:Rubberized
  • Year built:1895
  • Lot area:0.06 Acres
  • Lot Features:Level Lot
  • Architectural Style:2-Two Story
  • Construction Materials:Vinyl Siding
  • Exterior Features:Sidewalk

Schools

  • High school:BARRINGER
  • Middle school:RIDGE ST
  • Elementary school:HERNANDEZ

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$550,000
  • Tax amount:$4,374 (2025)

Features and amenities

  • Amenities:Carbon Monoxide Detector, Fire Extinguisher, Gas-Natural, Smoke Detector

Parking

  • Parking description:On-Street Parking
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 November 13, 2026

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