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$875,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
  • 2 Car Garage
  • Updated 6 hours ago

Next open house:

Open House: 1:00 PM - 3:00 PM

Saturday 4/18 1:00 PM - 3:00 PM

7 Prospect Ter,East Orange, NJ 07017

7 Prospect TerEast OrangeNJ07017

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Join us at 7 Prospect Ter on:

  • Open House: 1:00 PM - 3:00 PM

    Sunday 4/19 1:00 PM - 3:00 PM

    7 Prospect Ter,East Orange, NJ 07017
    7 Prospect TerEast OrangeNJ07017
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See This Home
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An income producing masterpiece has hit the market. This massive three family home features a 6+ car driveway and a two car garage, offering both scale and flexibility. With two units delivered vacant, you have the opportunity to maximize rents or occupy immediately. The property has been meticulously maintained and includes central air and forced hot air throughout. The first floor offers a spacious 3 bedroom, 1 bathroom unit with washer and dryer hookups, the second floor features an even larger 3 bedroom, 2 bathroom layout, and the third unit is a well proportioned 1 bedroom, 1 bathroom. The basement is expansive with high ceilings and endless potential for additional use. Conveniently located near major highways, parks, shopping and more, this is a rare opportunity to own an almost fully vacant multifamily, do not miss it.

Full Property Details for 7 Prospect Terrace

General

  • Price: $875,000
  • Taxes: $15,670 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 4020552
  • Updated: Today (4/14/2026)
  • Added to Site: Today

Interior

  • Number of Rooms: 14

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 7

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Garage Description: Detached Garage

Location

  • County: Essex
  • Driving Directions: on Prospect Terrace

Heating & Cooling

  • Cooling Type: 3 Units, Central Air Conditioning
  • Heating Type: 3 Units
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Natural Gas

Structural Information

  • Architectural Style: 3-Three Story
  • Exterior Const.: Aluminum Siding
  • Basement: Yes
  • Basement Desc.: Full
  • Roof: Asphalt Shingles
  • Square Feet: 2,768
  • Year Built: 1930
  • Remodeled/Updated: 2019

Unit Information

Unit 1

  • Unit Description: Bedrooms, Eat-In Kitchen, Kitchen, Laundry Room, Living Room, Living/Dining Room
  • Square Feet: 1100
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Unit Description: Bedrooms, Eat-In Kitchen, Kitchen, Laundry Room, Living Room, Living/Dining Room
  • Square Feet: 1100
  • Levels/Stories: 2
  • Total Bathrooms: 2
  • Bedrooms: 3

Unit 3

  • Unit Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room
  • Square Feet: 600
  • Levels/Stories: 3
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: 50 x 96
  • Driveway/Sidewalk: 1 Car Width, 2 Car Width

Financial Considerations

  • Assessment Amount: $409,900
  • Land Assmt: $73,600
  • Tax Amount: $15,670
  • Tax Year: 2025

Disclosures and Reports

  • Exclusions: Personal items
  • Block: 552
  • Lot Number: 2

Listed by Keller Williams City Views Realty

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Listing agent

— 7 Prospect Terrace —

  • Keller Williams City Views Realty

201-519-4739

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7 Prospect Terrace

School District:East Orange City School District
NameGradesDistance
J. Garfield Jackson Senior Academy Elementary School
106 Prospect Street, East Orange, NJ 07017
K-50.1 mi
Althea Gibson E C E Acd
490 William Street, East Orange, NJ 07017
PK-K0.1 mi
Wahlstrom Early Chld Academy
340 Prospect Street, East Orange, NJ 07017
PK-K0.7 mi
John L Costley Middle School
116 Hamilton Street, East Orange, NJ 07017
6-80.4 mi
Patrick F Healy Middle School
116 Hamilton Street, East Orange, NJ 07017
6-80.4 mi
Sojourner Truth Middle School
116 Hamilton Street, East Orange, NJ 07017
6-80.4 mi
East Orange Campus High School
344 Prospect Street, East Orange, NJ 07017
9-120.6 mi
East Orange STEM Academy
129 Renshaw Avenue, East Orange, NJ 07017
6-120.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7 Prospect Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/14/2026
Listed
$875,000
993.75%
MLS
8/11/2017
Sold
$80,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7 Prospect Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2024
$15,187
8%
$483,500
—
2022
$14,051
93%
$483,500
—
2021
$7,298
1%
$483,500
267%
2020
$7,204
1%
$131,700
—
2019
$7,112
1%
$131,700
—
2018
$7,024
-42%
$131,700
-44%
2017
$12,120
2%
$233,800
—
2016
$11,931
3%
$233,800
—
2015
$11,639
5%
$233,800
—
2013
$11,045
—
$233,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by Keller Williams City Views Realty

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7 Prospect Ter, East Orange, NJ 07017 (MLS# 4020552) is a Multi-Family property with 3 units containing 7 bedrooms and 4 full bathrooms. 7 Prospect Ter is currently listed for $875,000 and was received on April 14, 2026. Want to learn more about 7 Prospect Ter? Do you have questions about finding other Multi-Family real estate for sale in East Orange? You can browse all East Orange real estate or contact a Coldwell Banker agent to request more information.

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