1. New Jersey
2. Newark City
3. 570 Mount Prospect Ave

570 Mount Prospect Ave, Newark City, NJ 07104

• 8 beds |
• 5 baths

Property 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.

Listing Status:

Active

Date Added:

September 27, 2025 at 12:00AM

Listing Office:

CENTURY 21 ALLIANCE REALTY : 908-587-5222

MLS ID:

3988838

Interior

• General: See Remarks
• Basement: Full
• A/C: NoneSeeRem
• Heating: 1 UnitSee RemarksGas-NaturalSee Remarks

Exterior

• General: See RemarksStucco
• Parking: Parking spaces: 2

Construction

• Roofing: See Remarks

Location

• County: Essex

Lot

• Driveway: 1 Car WidthBlacktop
• Zoning: 1614-00683-0000-00009-0000-

Utilities

• Utilities: ElectricGas-Natural
• Water: Public Water
• Sewer: Public Sewer

Financial

• Exclusions: All Tenants Personal Property is excluded.

This listing courtesy of CENTURY 21 ALLIANCE REALTY