570 Mount Prospect Ave
Newark City, NJ 07104
Price: $599,900
GSMLS: 3988838Type: Multi-Family
Style: 3-Three Story
Total Units: 4
Beds: 8
Baths: 5 Full
Garage: 2-Car
Year Built: 1920
Acres: 0.27
Property Tax: $12,983
Description
Investor Opportunity " 4-family In Newark Located In The City Of Newark, This Legal 4-family Property Is Positioned On A Busy Street Surrounded By A Mix Of Residential Homes And Professional Office Spaces, Making It An Excellent Candidate For Redevelopment Or Value-add Investment. With A Total Of 23 Rooms, 8 Bedrooms, 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 Upside Potential 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.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
23
Basement:
Yes - Full
Interior:
See Remarks
Roof:
See Remarks
Exterior:
See Remarks, Stucco
Lot Size:
90X130
Lot Desc:
n/a
Parking
Garage Capacity:
2-Car
Description:
Detached Garage
Parking:
1 Car Width, Blacktop
Spaces Available:
2
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
2
Total Rooms:
8
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
7
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Handicap:
No
Unit 4
Bedrooms:
1
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Owner Pays Electric, Owner Pays Gas, Owner Pays Heat, Owner Pays Water
Handicap:
No
Utilities
Heating:
1 Unit, See Remarks
Heating Fuel:
Gas-Natural, See Remarks
Cooling:
None,SeeRem
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$599,900
Tax Amount:
$12,983
Land Assessment:
$39,100
Build. Assessment:
$302,300
Total Assessment:
$341,400
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3988838
List Date:
09-24-2025
Days On Market:
0
Listing Broker:
CENTURY 21 ALLIANCE REALTY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
