$579,000

42 Mount Prospect Pl, Newark City, NJ 07104

  • 12 beds |
  • 6 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1837
  • Property Lot Size Icon8,276sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 21 days ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
March 25, 2026 at 5:42PM
Listing Office:
KELLER WILLIAMS MID-TOWN DIRECT : 973-762-5400
MLS ID:
4012645
  • Basement: Finished
  • A/C: Window A/C(s)
  • Heating: 1 UnitGas-Natural
  • General: Brick
  • Parking: Parking spaces: 1
  • Roofing: Flat
  • County: Essex
  • Driveway: 1 Car Width
  • Zoning: 1614-00577-0000-00030-0000-
  • Utilities: ElectricGas-Natural
  • Water: Public Water
  • Sewer: Public Sewer

This listing courtesy of KELLER WILLIAMS MID-TOWN DIRECT

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

McKinley Elementary School

1 Colonnade Pl, Newark, NJ, 07104

Grades PK-8

0.18 miles away

M

McKinley Elementary School

1 Colonnade Pl, Newark, NJ, 07104

Grades PK-8

0.18 miles away

B

Barringer High School

90 Parker St, Newark, NJ, 07104

Grades 9-12

0.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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