570 Mount Prospect Ave , Newark City, Essex 07104-1530
- $675,000
- $675,000
Overview
- Residential
- 8
- 5
- 2
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
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Address: 570 Mount Prospect Ave
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City: Newark City
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State/county: Essex
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Zip/Postal Code: 07104-1530
Details
Updated on April 17, 2026 at 11:38 am-
Property ID HZ4011668
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Price $675,000
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Land Area 0.27 Acres
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Bedrooms 8
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Rooms 23
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Bathrooms 5
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Garages 2
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Garage Size x x
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Year Built 1920
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Property Type Residential
Additional details
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Roof See Remarks
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Utilities Electric, Gas-Natural
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Sewer Public Sewer
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Cooling See Remarks
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Heating 1 Unit, See Remarks
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Flooring See Remarks
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County Essex
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Property Type Residential
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Architectural Style Colonial
Features
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