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$650,000

  • For Sale
  • Under Contract
  • Duplex
  • 3 Beds
  • 3 Full Baths
  • 1 Car Garage
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Two family home in Nutley, NJ! situated on a corner lot in a great neighborhood. The main unit features a renovated eat in kitchen with granite countertops and stainless steel appliances, 2 bedrooms and one full bath. This unit also has a finished and renovated basement with a versatile room great for additional living space, plus another full bathroom. The second-floor unit offers one bedroom and one full bathroom, creating an excellent opportunity for rental income. Conveniently located near shopping, restaurants, public transportation, and major commuter routes, this property is ideal for both owner occupants and investors seeking an income producing home in a prime location.

Full Property Details for 242 Prospect St

General

  • Price: $650,000
  • Taxes: $11,930
  • Status: Under Contract
  • Type: Duplex
  • Source: NJMLS
  • MLS ID: 26023290
  • Updated: 9/3/2026
  • Added to Site: 106 day(s) ago

Interior

  • Number of Rooms: 7

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Basement

Parking

  • Garage: Yes
  • Garage Spaces: 1

Location

  • Area: Nutley
  • County: ESSEX

Utilities

  • Utility Description: Other (See Remarks), Sep Elec, Sep Gas, Sep Heat

Structural Information

  • Architectural Style: 2 Family

Financial Considerations

  • For Sale: Yes
  • For Sale/Rent/Lease: For Sale
  • Tax Amount: $11,930

Listed by The Abbasi Agency LLC (201) 868-6677, Layth Abbasi (201) 868-6677

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Listing agent

— 242 Prospect St —

  • Layth Abbasi

    The Abbasi Agency LLC

    (201) 868-6677

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 242 Prospect St

School District:Nutley Town School District
NameGradesDistance
John H Walker Middle School
325 Franklin Avenue, Nutley, NJ 07110
7-80.3 mi
Lincoln Elementary School, Nutley, NJ
301 Harrison Street, Nutley, NJ 07110
K-60.3 mi
Nutley High School
300 Franklin Avenue, Nutley, NJ 07110
9-120.3 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 242 Prospect St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/15/2026
Price Reduced
$650,000
-7.14%
MLS
6/25/2026
Listed
$699,999
89.19%
MLS
5/06/2014
Sold
$370,000
—
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 242 Prospect St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,235
5%
$453,300
—
2023
$11,677
-11%
$453,300
—
2022
$13,076
1%
$453,300
34%
2021
$13,008
4%
$338,400
—
2020
$12,460
2%
$338,400
—
2019
$12,209
-5%
$338,400
-8%
2018
$12,864
1%
$366,400
—
2017
$12,725
3%
$366,400
—
2016
$12,348
2%
$366,400
—
2015
$12,150
3%
$366,400
-5%
2013
$11,829
—
$384,900
—
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 242 Prospect St

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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

Get Pre-Approved

Listed by The Abbasi Agency LLC (201) 868-6677, Layth Abbasi (201) 868-6677

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242 Prospect Street, Nutley, NJ 07110 (MLS# 26023290) is a Duplex property with 3 bedrooms and 3 full bathrooms. 242 Prospect Street is currently listed for $650,000 and was received on June 25, 2026. Want to learn more about 242 Prospect Street? Do you have questions about finding other Duplex real estate for sale in Nutley? You can browse all Nutley real estate or contact a Coldwell Banker agent to request more information.

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