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Patty Ploykrachang

pattysrealestate1@gmail.com +1(201) 989-4632

$ 599,900

Est. payment -/mo

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Under Contract

570 Mount Prospect Ave Newark City, NJ 07104

8 Beds

5 Baths

0.27 Acres Lot

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 3988838

Style 3-Three Story

Bedrooms 8

Full Baths 5

Year Built 1920

Annual Tax Amount $12,983

Tax Year 2024

Lot Size 0.270 Acres

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.

Location

State NJ

County Essex

Rooms

Basement Full

Interior

Interior Features See Remarks

Heating Gas-Natural, See Remarks

Cooling None, SeeRem

Heat Source Gas-Natural, See Remarks

Exterior

Exterior Feature See Remarks, Stucco

Parking Features Detached Garage

Garage Spaces 2.0

Utilities Available Electric, Gas-Natural

Roof Type See Remarks

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Listed by CENTURY 21 ALLIANCE REALTY

SCHOOLSPROPERTIES

Elementary Schools 20

10

North Star Academy Charter Schools of Newark

Public | KG - 12
9

Maria Varisco Rogers Charter School

Public | KG - 8
8

Ridgewood Avenue School

Public | 3 - 6
8

Robert Treat Academy Charter School

Public | KG - 8
8

Belleville Ps9

Public | KG - 5
8

Roosevelt School

Public | 4 - 8
7

Washington School

Public | KG - 6
7

Jefferson Elementary School

Public | KG - 5
6

Carteret Elementary School

Public | PK - 6
6

Franklin Elementary School

Public | PK - 6
6

First Avenue Elementary School

Public | PK - 8
6

Branch Brook Elementary School

Public | PK - 4
6

Belleville Ps10

Public | KG - 6
6

Park Elementary School

Public | PK - 8
6

The Gray Charter School

Public | KG - 8
6

Lafayette Street Elementary School

Public | PK - 8
6

Washington Elementary School

Public | PK - 5
5

Johnnie L. Cochran Jr. Academy

Public | KG - 5
5

Watsessing Elementary School

Public | PK - 6
5

Roseville Community Charter School

Public | KG - 3

Middle Schools 18

9

Science Park High School

Public | 7 - 12
8

Glen Ridge High School

Public | 7 - 12
7

Great Oaks Charter School

Public | 6 - 9
6

East Orange STEM Academy High School

Public | 6 - 12
5

Cicely L. Tyson Community Middle/High School

Public | 6 - 12
5

Arts High School

Public | 7 - 12
4

American History High School

Public | 6 - 12
4

Washington Middle School

Public | 6 - 8
4

Belleville Middle School

Public | 7 - 8
4

North Arlington Middle School

Public | 6 - 8
3

Glenfield Middle School

Public | 6 - 8
3

John L. Costley Middle School

Public | 6 - 8
3

Sojourner Truth Middle School

Public | 6 - 8
2

Merit Preparatory Charter School of Newark

Public | 6 - 7
1

Patrick F. Healy Middle School

Public | 6 - 8
1

Eagle Academy

Public | 6 - 7
0

Fast Track Success Academy

Public | 6 - 12
0

St Benedict's Preparatory School

Private | 7 - 12

High Schools 20

10

Technology High School

Public | 9 - 12
8

Bard Early College High School

Public | 9 - 12
6

North 13th St Tech

Public | 9 - 12
6

Bloomfield Tech

Public | 9 - 12
5

Newark Tech

Public | 9 - 12
5

North Arlington High School

Public | 9 - 12
5

Lyndhurst High School

Public | 9 - 12
4

Bloomfield High School

Public | 9 - 12
4

Harrison High School

Public | 9 - 12
4

Kearny High School

Public | 9 - 12
3

People's Preparatory Charter School

Public | 9 - 11
2

Newark Vocational High School

Public | 9 - 12
1

East Orange Campus High School

Public | 9 - 12
1

West Side High School

Public | 9 - 12
1

Central High School

Public | 9 - 12
1

Barringer High School

Public | 9 - 12
1

Paulo Freire Charter School

Public | 9 - 10
1

Newark Preparatory Charter School

Public | 9 - 10
1

Belleville High School

Public | 9 - 12
0

Newark Bridges High School

Public | 9 - 12

School and business data provided by Attom Data.

Patty Ploykrachang

Agent

+1(201) 989-4632

Patty Ploykrachang

570 Mount Prospect Ave Newark City, NJ 07104

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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570 Mount Prospect Ave