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$1,750,000

  • For Sale
  • Active
  • Apartment
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Excellent Investment Opportunity Near the Maplewood Border! Whether you're a first-time investor looking to build your portfolio or an experienced owner seeking a solid income-producing property, this 8-unit building offers an excellent opportunity. This well-maintained 2-story property features 8 apartments, 4 on the first floor and 4 on the second floor. Unit mix includes six 2-bedroom apartments, one 1-bedroom apartment, and one studio. Each unit features an eat-in kitchen and a full bathroom. The property also offers an unfinished basement, 2-car garage, and a private driveway with parking for approximately 4 additional vehicles, providing valuable off-street parking. All utilities are separately metered, with the owner currently responsible for heating only. Current leases are scheduled to expire by the end of the year, offering flexibility for a new owner to evaluate rents, reposition the property, or make it their own. Conveniently located near the Maplewood border, with easy access to transportation, shopping, schools, and everyday amenities. A great opportunity for an investor looking for an 8-unit multifamily property with multiple income-producing units and additional parking.

Full Property Details for 143 Prospect Ave

General

  • Price: $1,750,000
  • Taxes: $21,416 (2024)
  • Status: Active
  • Type: Apartment
  • Source: Garden_State
  • MLS ID: 4008891
  • Updated: 8/15/2026
  • Added to Site: 191 day(s) ago

Business

  • Includes: Building & Land

Rental Information

  • Lease/Rent Term: Gross
  • Lease Terms: 1 Year Minimum

Interior

  • Flooring: Laminate, Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 8
  • Restrooms: 8

Additional Information

  • Equipment: Fire Alarm, Smoke Detector

Parking

  • Garage Spaces: 8
  • Parking: 2 Car Width, Parking Lot-Exclusive

Location

  • County: Essex
  • Driving Directions: BETWEEN PROSPECT AVE AND 42ND ST
  • Location Details: Residential Area

Heating & Cooling

  • Cooling Type: No Cool
  • Heating Type: Baseboard - Hotwater
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Brick/Block
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: Flat
  • Stories in Building: 2

Unit Information

  • 1 Bedroom Units: 1
  • 2 Bedroom Units: 6
  • Units w/Full Bath: 8

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Size: 55 X 100
  • Zoning: Residential
  • Lot Description: Corner

Financial Considerations

  • Assessment Amount: $1,230,700
  • Land Assmt: $280,000
  • Tax Amount: $21,416
  • Tax Year: 2024
  • Owner Pays: Heat
  • Tenant Pays: Electric, Gas, Hot Water, Water

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Income & Expenses, Leases
  • APN: 1609-00365-0000-00003-0000-
  • Block: 365
  • Lot Number: 3

Listed by Lim Bances Realty

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Listing agent

— 143 Prospect Ave —

  • Lim Bances Realty

973-232-5187

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 143 Prospect Ave

School District:Irvington Township School District
NameGradesDistance
Florence Avenue Elementary School
1324 Springfield Avenue, Irvington, NJ 07111
K-50.2 mi
Union Avenue Middle School
427 Union Avenue, Irvington, NJ 07111
6-80.7 mi
University Middle School
255 Myrtle Avenue, Irvington, NJ 07111
6-81.5 mi
Irvington High School, Irvington, NJ
1253 Clinton Avenue, Irvington, NJ 07111
9-120.8 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 143 Prospect Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/09/2026
Listed
$1,750,000
138.1%
MLS
4/05/2021
Sold
$735,000
—
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 143 Prospect Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$31,838
52%
$1,230,700
256%
2023
$20,988
2%
$345,600
—
2022
$20,601
—
$345,600
—
2021
$20,663
33%
$345,600
—
2021
$15,502
-21%
$345,600
—
2018
$19,703
—
$345,600
—
2017
$19,613
2%
$345,600
—
2016
$19,188
2%
$345,600
—
2015
$18,742
-7%
$345,600
—
2019
$20,093
40%
$345,600
—
2013
$14,384
—
$345,600
—
View All
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.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Lim Bances Realty

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143 Prospect Ave, Irvington, NJ 07111 (MLS# 4008891) is a Apartment property. 143 Prospect Ave is currently listed for $1,750,000 and was received on February 09, 2026. Want to learn more about 143 Prospect Ave? Do you have questions about finding other Apartment real estate for sale in Irvington? You can browse all Irvington real estate or contact a Coldwell Banker agent to request more information.

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