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.
42 Mount Prospect Pl, Newark City NJ 07104
Property City
Newark City
Property Price
$579,000
Bedrooms
12
Year Built
1837
Tax Annual Amount
$11325
TaxYear (*text)
2025
Roof (*text)
Flat
Lot Size Area
0.19
MLS Status
Active
MLS #
4012645
Yearly Tax Rate
3.999
Year Built (*numeric)
1837
Basement
Yes
Roofing (*text)
Flat
Days On Market
1
Basement (*text)
Yes
Cooling (*text)
Window A/C(s)
Heating
1 Unit
Lot Size Dimensions
51.5X157.2
Data import from
GSMLS