570 Mount Prospect Ave
Newark City, NJ 07104
Price: $675,000
GSMLS: 4011668Type: Single Family
Style: Colonial
Beds: 8
Baths: 5 Full & 2 Half
Garage: 2-Car
Year Built: 1920
Acres: 0.27
Property Tax: $12,983
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.
Rooms Sizes
Kitchen:
n/a
Dining Room:
n/a
Living Room:
n/a
Family Room:
n/a
Den:
n/a
Bedroom 1:
n/a
Bedroom 2:
n/a
Bedroom 3:
n/a
Bedroom 4:
n/a
Room Levels
Basement:
BathOthr,SeeRem
Ground:
n/a
Level 1:
BathOthr,DiningRm,Foyer,Kitchen,LivingRm,SeeRem
Level 2:
4+Bedrms,BathMain,BathOthr,SeeRem
Level 3:
1Bedroom,BathOthr,SeeRem
Level Other:
n/a
Room Features
Kitchen:
Eat-In Kitchen
Dining Room:
Formal Dining Room
Master Bedroom:
n/a
Bath:
n/a
Interior Features
Square Foot:
n/a
Year Renovated:
n/a
Basement:
Yes - Full
Full Baths:
5
Half Baths:
2
Appliances:
See Remarks
Flooring:
See Remarks
Fireplaces:
1
Fireplace:
Living Room
Interior:
n/a
Exterior Features
Garage Space:
2-Car
Garage:
Detached Garage
Driveway:
1 Car Width
Roof:
See Remarks
Exterior:
See Remarks, Stucco
Swimming Pool:
No
Pool:
n/a
Utilities
Heating System:
1 Unit, See Remarks
Heating Source:
Gas-Natural, See Remarks
Cooling:
See Remarks
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Services:
n/a
Lot Features
Acres:
0.27
Lot Dimensions:
90X130
Lot Features:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Application Fee:
n/a
Association Fee:
n/a
Fee Includes:
n/a
Amenities:
n/a
Pets:
n/a
Financial Considerations
List Price:
$675,000
Tax Amount:
$12,983
Land Assessment:
$39,100
Build. Assessment:
$302,300
Total Assessment:
$341,400
Tax Rate:
3.80
Tax Year:
2024
Ownership Type:
Fee Simple
Listing Information
MLS ID:
4011668
List Date:
02-27-2026
Days On Market:
0
Listing Broker:
CENTURY 21 ALLIANCE REALTY
Listing Agent:
Douglas Ramos
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MountainClubNJ.com
