570 Mount Prospect Ave
Newark City, NJ 07104

$675,000

Beds: 8
Baths: 5 | 2
Sq. Ft.: N/A
Type: House
Listing #4011668
**Investor Opportunity** 1-Family in R2 Zoning, 1 to 3 family. This legal 1-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, excellent candidate for redevelopment or value-add investment. Single family, two floor with a grand staircase, 3 Bedroom, 3 full and 2 half baths, detached 2 car garage and TWO 1 bedroom apartments with separate entrances. Located in the Forest Hill neighborhood close to Branch Brook Park.With a total of 23 rooms, including 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 potential upside 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.
Property Features
Location Information
County: Essex
Community Living: No
Latitude: 40.77136
Longitude: -74.16805
Directions: Bloomfield Avenue to Mt. Prospect Avenue, the subject is the corner of Mt. Prospect and Delavan Avenue.
Interior Features
Total Rooms: 23
1/2 Baths: 2
Dining Room Description: Formal Dining Room
Kitchen Description: Eat-In Kitchen
Has Fireplace: Yes
Number of Fireplaces: 1
Fireplace Description: Living Room
Heating: 1 Unit, See Remarks
Heating Fuel: Gas-Natural, See Remarks
Cooling: See Remarks
Floors: See Remarks
Water Heater: Gas
Appliances: See Remarks
Basement Description: Full
Has Basement: Yes
Exterior Features
Style: Colonial
Siding: See Remarks, Stucco
Roof: See Remarks
Sewer: Public Sewer
Water: Public Water
Utilities: Electric, Gas-Natural
Has Garage: Yes
Garage Spaces: 2
Driveway: 1 Car Width
Parking Spaces: 3
Has a Pool: No
Lot Size: 90X130
Lot Size in Acres: 0.27
Zoning: R2
Garage Description: Detached Garage
Additional Information
Property Type: SFR
Property SubType: Single Family
Year Built: 1920
Status: Active
Senior Community: No
Tax Amt / Rate / Rate Yr / Yr: 12983 / 3.803 / 2025 / 2024
Tax Year: 2024
Tax Amount: $12,983
Days On Market: 10


$ per month
Year Fixed. % Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $
Term
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Interest Rate
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Down Payment
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Seller's Representative:
CENTURY 21 ALLIANCE REALTY
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GSMLS (Broker IDX) data last updated at March 12, 2026, 7:15 PM ET