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$579,000
Est. payment /mo
12 Beds
6 Baths
19,998 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 19,998 sqft
Price per Sqft $28
MLS Listing ID 4012645
Style 3-Three Story
Bedrooms 12
Full Baths 6
Year Built 1837
Annual Tax Amount $11,325
Tax Year 2025
Lot Size 8,276 Sqft
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.
Location
State NJ
County Essex
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Brick
Utilities Available Electric, Gas-Natural
Roof Type Flat
Building
Lot Description Skyline View
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Others
Senior Community No
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Listed by KELLER WILLIAMS MID-TOWN DIRECT
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