$675,000

570 Mount Prospect Ave, Newark City, NJ 07104

8 beds |
5 baths

Single-Family Home
Built in 1920
0.27acre lot
2 car garage
$——/sqft
Listed 25 days ago

Property Description

**Investor Opportunity** 1-Family in R2 Zoning, 1 to 3 family. This legal 1-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, excellent candidate for redevelopment or value-add investment. Single family, two floor with a grand staircase, 3 Bedroom, 3 full and 2 half baths, detached 2 car garage and TWO 1 bedroom apartments with separate entrances. Located in the Forest Hill neighborhood close to Branch Brook Park.With a total of 23 rooms, including 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 potential upside for the right buyer.This is your chance to acquire a value-add project in a prime location ideal for seasoned investors or developers looking to maximize return on investment.

Listing Status:: Active
Data Last Updated:: March 24, 2026 at 6:41AM
Listing Office:: CENTURY 21 ALLIANCE REALTY : 908-587-5222
MLS ID:: 4011668

Kitchen: Eat-In Kitchen
Appliances: See Remarks
Dining: Formal Dining Room
Basement: Full
Flooring: See Remarks
A/C: See Remarks
Heating: 1 UnitSee RemarksGas-NaturalSee Remarks
Fireplace: Living RoomFireplaces: 1

General: See RemarksStucco
Style: Colonial
Parking: Parking spaces: 3

Roofing: See Remarks

County: Essex

Driveway: 1 Car Width
Zoning: R21614-00683-0000-00009-0000-

Utilities: ElectricGas-Natural
Water: Public Water
Sewer: Public Sewer

Exclusions: None

This listing courtesy of CENTURY 21 ALLIANCE REALTY

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Luis Munoz Marin Elementary School

663 Broadway, Newark, NJ, 07104

Grades PK-8

0.41 miles away

Luis Munoz Marin Elementary School

663 Broadway, Newark, NJ, 07104

Grades PK-8

0.41 miles away

Technology High School

223 Broadway, Newark, NJ, 07104

Grades 9-12

0.98 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.