Date
Details
Price
Change
Source
3/04/2026
Listed
$579,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Full renovation opportunity for investors and developers! Welcome to 42 Mount Prospect Ave, a large 2-family property in Newark that has been fully gutted and is ready for a complete transformation. This expansive building offers a massive footprint with a total of 12 bedrooms and 6 full bathrooms across two oversized units, providing a strong foundation for a high-value renovation project. The property also includes a finished basement and sits on a generous lot with skyline views and a private driveway. With its substantial size, flexible layout, and prime redevelopment potential, this property is a rare opportunity for experienced investors looking to design and rebuild a high-performing multi-family asset. Bring your vision and unlock the full potential of this major value-add project.
Full Property Details
Full Property Details for 22 Mt Prospect Pl
General
- Price: $579,000
- Taxes: $11,325 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4012645
- Updated: 3/5/2026
- Added to Site: 29 day(s) ago
Interior
- Number of Rooms: 19
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Bedrooms
- Total Bedrooms: 12
Location
- County: Essex
- Driving Directions: Park Ave to Mt. Prospect Ave
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 1 Unit
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Brick
- Basement: Yes
- Basement Desc.: Finished
- Roof: Flat
- Year Built: 1837
Unit Information
Unit 1
- Unit Description: Bedrooms, Family Room, Kitchen, Living/Dining Room
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 3
- Bedrooms: 6
Unit 2
- Unit Description: Bedrooms, Family Room, Kitchen, Living/Dining Room, Porch
- Square Feet: 9999
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 5
Unit 3
- Unit Description: Bedrooms, Family Room, Kitchen, Living/Dining Room, Porch
Lot Features
- Lot Size (Acres): 0.19
- Lot Dimensions: 51.5 x 157.2
- Driveway/Sidewalk: 1 Car Width
- Lot Description: Skyline View
Financial Considerations
- Operating Expenses: $9,999
- Assessment Amount: $249,600
- Land Assmt: $33,600
- Tax Amount: $11,325
- Tax Year: 2025
Disclosures and Reports
- Block: 610
- Lot Number: 38.01
Listed by Keller Williams Mid-Town Direct
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Listing agent
— 22 Mt Prospect Pl —
Keller Williams Mid-Town Direct
347-470-6144
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 22 Mt Prospect Pl
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 0.3 mi |
Abington Ave. Elementary School 209 Abington Avenue, Newark, NJ 07107 | PK-8 | 0.7 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 0.7 mi |
Technology High School 223 Broadway, Newark, NJ 07102 | 9-12 | 0.4 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 0.7 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 2.2 mi |
Luis Munoz Marin Ele 663 Broadway, Newark, NJ 07104 | PK-4 | 0.8 mi |
Dr. William H. Horton Elementary School 291 North 7th Street, Newark, NJ 07107 | 5-8 | 0.9 mi |
McKinley Elementary School, Newark, NJ 1 Colonnade Place, Newark, NJ 07104 | K-4 | 1 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 22 Mt Prospect Pl
Estimate the Cost
Estimate the Cost for 22 Mt Prospect Pl
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42-46 Mount Prospect Pl, Newark, NJ 07104 (MLS# 4012645) is a Multi-Family property with 2 units containing 12 bedrooms and 6 full bathrooms. 42-46 Mount Prospect Pl is currently listed for $579,000 and was received on March 04, 2026. Want to learn more about 42-46 Mount Prospect Pl? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.