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$1,225,000

  • For Sale
  • Active
  • Commercial
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Great Investment Oportunity in the Progressive Forest Hills Section of Newark NJ. This fully leased mixed use property generates a healthy monthly income and is located on a busy street with easy access to public transportation, shopping, restaurants, schools, parks and more.

Full Property Details for 660 Mt Prospect Ave

General

  • Price: $1,225,000
  • Taxes: $13,196 (2024)
  • Status: Active
  • Type: Commercial
  • Source: Garden_State
  • MLS ID: 3964528
  • Updated: 11/19/2025
  • Added to Site: 240 day(s) ago

Business

  • Includes: Building & Land

Rental Information

  • Lease Terms: See Remarks

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Restrooms: 5

Additional Information

  • Equipment: Fire Alarm

Parking

  • Parking: None

Location

  • County: Essex
  • Driving Directions: Between Heller Pkwy and Elwood Ave E. on Mount Prospect Ave
  • Location Details: Business District, See Remarks

Heating & Cooling

  • Cooling Type: 1 Unit
  • Heating Type: 4+ Units
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Gas In Street

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Brick/Block
  • Basement: Yes
  • Basement Desc.: Storage, Unfinished
  • Roof: Flat
  • Stories in Building: 3
  • Square Feet: 4,373
  • Aprox. Leasable: 3,521 Sq. Ft.
  • Year Built: 1940

Lot Features

  • Lot Size (Acres): 0.1
  • Lot Size: 35X125
  • Zoning: Commercial

Financial Considerations

  • Price Per Sq. Ft.: $34
  • Operating Expenses: $37,636
  • Assessment Amount: $347,000
  • Land Assmt: $83,600
  • Tax Amount: $13,196
  • Tax Year: 2024
  • Owner Pays: Water
  • Tenant Pays: Electric, Gas, Heat, Hot Water
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Income & Expenses
  • Disclosures: Yes
  • APN: 1614-00737-0000-00013-0000-
  • Block: 737
  • Lot Number: 13

Listed by Re/Max Villa Realtors

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Listing agent

— 660 Mt Prospect Ave —

  • Re/Max Villa Realtors

201-868-3100

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 660 Mt Prospect Ave

School District:Newark City School District
NameGradesDistance
Elliott Street Elementary School
721 Summer Avenue, Newark, NJ 07104
K-40.2 mi
Ridge Street Elementary School
735 Ridge Street, Newark, NJ 07104
5-80.3 mi
Luis Munoz Marin Ele
663 Broadway, Newark, NJ 07104
PK-40.4 mi
New Park School
120 Manchester Place, Newark, NJ 07104
5-80.7 mi
Rafael Hernandez Elementary School
345 Broadway, Newark, NJ 07104
PK-40.9 mi
Roberto Clemente Elementary School
257 Summer Avenue, Newark, NJ 07104
K-41 mi
First Avenue Elementary School
214 1st Avenue, Newark, NJ 07107
5-81 mi
Franklin Elementary School, Newark, NJ
42 Park Avenue, Newark, NJ 07104
PK-41.4 mi
Dr. William H. Horton Elementary School
291 North 7th Street, Newark, NJ 07107
5-81.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 660 Mt Prospect Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/19/2025
Price Reduced
$1,225,000
-2%
MLS
6/07/2025
Price Reduced
$1,250,000
-7.41%
MLS
5/21/2025
Listed
$1,350,000
—
MLS
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 660 Mt Prospect Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$13,196
2%
$347,000
—
2023
$12,936
—
$347,000
—
2022
$12,964
2%
$347,000
—
2021
$12,754
27%
$347,000
-12%
2021
$10,007
-31%
$393,500
—
2018
$14,532
4%
$393,500
—
2017
$14,009
3%
$393,500
—
2016
$13,536
-9%
$393,500
—
2019
$14,800
14%
$393,500
—
2015
$13,021
7%
$393,500
—
2014
$12,202
—
$393,500
—
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.

Estimate the Cost for 660 Mt Prospect Ave

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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 Re/Max Villa Realtors

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660 Mount Prospect Ave, Newark, NJ 07104 (MLS# 3964528) is a Commercial property. 660 Mount Prospect Ave is currently listed for $1,225,000 and was received on May 21, 2025. Want to learn more about 660 Mount Prospect Ave? Do you have questions about finding other Commercial real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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