815 Mount Prospect Ave, Newark City, NJ 07104
815 Mount Prospect Ave, Newark City, NJ 07104
815 Mount Prospect Ave, Newark City, NJ 07104
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Lyne Philippe

Lyne Philippe

+1(973) 318-3022
$550,000
Est. payment /mo
6 Beds
3 Baths
10,998 SqFt
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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 10,998 sqft

Price per Sqft $50

Subdivision North Newark

MLS Listing ID 4063280

Style 2-Two Story

Bedrooms 6

Full Baths 3

Year Built 1895

Annual Tax Amount $4,374

Tax Year 2025

Lot Size 2,613 Sqft

Property Description

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.

Location

State NJ

County Essex

Rooms

Basement Finished, Full, Walkout

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features On-Street Parking

Utilities Available Electric, Gas-Natural

Roof Type Rubberized

Garage Yes

Building

Lot Description Level Lot

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story

Schools

Elementary Schools Hernandez

Middle Schools Ridge St

High Schools Barringer

Others

Senior Community No

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by HOWARD HANNA RAND REALTY

Nearby Locations

Lyne Philippe

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Phone

+1(973) 318-3022

Address

17 Meadowbrook Pl, NJ 07040, USA

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