42 Brown Ave
Prospect Park Boro, NJ 07508
Price: $499,999
GSMLS: 4012535Type: Multi-Family
Style: 3-Three Story, See Remarks
Total Units: 2
Beds: 7
Baths: 4 Full
Garage: No
Year Built: 1895
Acres: 0.06
Property Tax: $10,237
Description
Exceptional opportunity in Prospect Park! This legal 2-family home offers multiple levels of living space, including a partial finished basement, making it a rare and versatile find in today's market. The first-floor apartment features 2 bedrooms, kitchen/dining, full bath plus a bonus space in the finished basement. The second-floor unit offers 2 bedrooms, kitchen/dining, full bath with an additional 3 bedrooms on the third floor, providing flexible living arrangements and strong rental income potential. The home includes 4 full bathrooms. This property is a true handyman special, offering tremendous upside for contractors, investors, or owner-occupants looking to customize and build equity. Priced accordingly, it presents a rare chance to secure a multi-family property at an attractive value. Rental demand in Prospect Park continues to rise, making this an excellent opportunity for long-term investment and strong return potential. Whether you're looking to live in one unit and have the other help pay the mortgage, or expand your investment portfolio, this once in a lifetime hidden gem will not last. Don't miss this unique opportunity! Property being sold in "as is" condition. Property in need of repair ideal for 203k, renovation loans, cash offer. Co-owner holds real estate license. Buyer responsible for C/O inspection.
General Info
Style:
3-Three Story, See Remarks
SqFt Building:
1,882
Total Rooms:
13
Basement:
Yes - Partial, Walkout
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
25X100
Lot Desc:
Corner
Parking
Garage Capacity:
No
Description:
n/a
Parking:
2 Car Width, Concrete, Driveway-Exclusive, On-Street Parking, See Remarks
Spaces Available:
4
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CarbMDet,CookGas,SeeRem
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units, Baseboard - Hotwater, Forced Hot Air, No Heat
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural, See Remarks
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Passaic
Town:
Prospect Park Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$499,999
Tax Amount:
$10,237
Land Assessment:
$32,400
Build. Assessment:
$131,900
Total Assessment:
$164,300
Tax Rate:
6.23
Tax Year:
2025
Listing Information
MLS ID:
4012535
List Date:
03-04-2026
Days On Market:
6
Listing Broker:
UNITED REAL ESTATE
Listing Agent:
Christopher Araya
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: SeasonsGlenCondos.com
