42 Mount Prospect Ave
Newark City, NJ 07104
Price: $579,000
GSMLS: 4012645Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 12
Baths: 6 Full
Garage: No
Year Built: 1837
Acres: 0.13
Property Tax: $11,905
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.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
19
Basement:
Yes - Finished
Interior:
n/a
Roof:
Flat
Exterior:
Brick
Lot Size:
63X87.61
Lot Desc:
Skyline View
Parking
Garage Capacity:
No
Description:
n/a
Parking:
1 Car Width
Spaces Available:
1
Unit 1
Bedrooms:
6
Bathrooms:
3
Total Rooms:
9
Room Description:
Bedrooms, Family Room, Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
5
Bathrooms:
2
Total Rooms:
10
Room Description:
Bedrooms, Family Room, Kitchen, Living/Dining Room, Porch
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
Bedrooms, Family Room, Kitchen, Living/Dining Room, Porch
Levels:
n/a
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:
1 Unit
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
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:
$579,000
Tax Amount:
$11,905
Land Assessment:
$30,100
Build. Assessment:
$267,600
Total Assessment:
$297,700
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4012645
List Date:
03-04-2026
Days On Market:
0
Listing Broker:
KELLER WILLIAMS MID-TOWN DIRECT
Listing Agent:
Tovia Lichtman
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
