570 Mount Prospect Ave , Newark City, Essex 07104-1530
  • $675,000

Overview

Property ID: HZ4011668
  • Residential
  • Property Type
  • 8
  • Bedrooms
  • 5
  • Bathrooms
  • 2
  • Garages

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.

  • Address: 570 Mount Prospect Ave
  • City: Newark City
  • State/county: Essex
  • Zip/Postal Code: 07104-1530

Details

Updated on April 17, 2026 at 11:38 am
  • Property ID HZ4011668
  • Price $675,000
  • Land Area 0.27 Acres
  • Bedrooms 8
  • Rooms 23
  • Bathrooms 5
  • Garages 2
  • Garage Size x x
  • Year Built 1920
  • Property Type Residential

Additional details

  • Roof See Remarks
  • Utilities Electric, Gas-Natural
  • Sewer Public Sewer
  • Cooling See Remarks
  • Heating 1 Unit, See Remarks
  • Flooring See Remarks
  • County Essex
  • Property Type Residential
  • Architectural Style Colonial

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