Curious about this home?
Ask anything — no agents, no pressure
Try asking
About This Home
This 8-bedroom, 7-bathroom single family at 570 Mount Prospect Ave in Newark City, NJ is listed for $675,000. Built in 1920, on a 0.27 acres lot.
**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.
Key Features
- Built in 1920
- 0.27 acre lot
- 3 parking spaces
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$3,610/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
570 Mount Prospect Ave
Newark City, NJ 07104-1530
Property Details
Construction
Heating
Questions & Answers
This 8-bedroom, 7-bathroom single family at 570 Mount Prospect Ave is listed at $675,000. The estimated monthly payment is $2,925 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.27 acre lot, 3 parking spaces, Fireplace.
This property is listed by DOUGLAS RAMOS and can be reached at 9085875222 or maindesk@C21ar.net.
