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6 Beds
3 Baths
10,998 sqft

$550,000

815 Mount Prospect Ave, Newark City NJ, 07104

Price per sqft$50.01
Built in1895
Property size10,998 sqft
Property typeMulti-family

Overview

Active

Listed Nov 3, 2026

Updated 16h ago

Excellent investment opportunity in Newark's North Ward/Forest Hill area. This fully occupied two-family property generates $4,100 in monthly rental income ($49,200 annually). The first-floor unit, including use of the registered finished basement, rents for $2,450 per month, while the second-floor unit rents for $1,650 per month. The registered basement features three multipurpose rooms, a full bathroom, and a walk-out entrance. Ideally located along the Mt. Prospect Avenue corridor, offering convenient access to Branch Brook Park, shopping, dining, public transportation, major highways, and Downtown Newark. An attractive opportunity to acquire an established income-producing multifamily property in a convenient North Ward location.

$3,659/mo

Est. mortgage payment based on a $550,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4063280

Interior Features

Bedrooms
6
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.06 Acres

Other Property Details

Taxes
$4,374
Tax Frequency
Annually
55+/Senior Community
No

Courtesy of HOWARD HANNA RAND REALTY with JOEL REYES,
Listing Contact: 9737401881 

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