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sales rep | Brivity IDX

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815 Mount Prospect Ave , Newark City, NJ 07104
$550,000
Est. Payment: $2,970.01/mo
6 Bed
3 Bath
0.06 Acres
Status: active | Days on site: 7
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431211 - 255406
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House Description

Excellent investment opportunity in Newark's North Ward/Forest Hill area. This fully occupied two-family property generates $4,100 in monthly rental income ($49,200 annually). The first-floor unit, including use of the registered finished basement, rents for $2,450 per month, while the second-floor unit rents for $1,650 per month. The registered basement features three multipurpose rooms, a full bathroom, and a walk-out entrance. Ideally located along the Mt. Prospect Avenue corridor, offering convenient access to Branch Brook Park, shopping, dining, public transportation, major highways, and Downtown Newark. An attractive opportunity to acquire an established income-producing multifamily property in a convenient North Ward location.

Highlights

Listed by JOEL REYES , MP HOWARD HANNA RAND REALTY , 973-740-1881. Garden State MLS

Property Type

Multi-Family

Lot/Acreage
0.06

Year Built

1895

County

Essex

Neighborhood

North Newark

Listing ID

4063280

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:3
Air Cond:Window A/C(s)
Fireplaces:
Basement:Finished,Full,Walkout
Other:
  • ▪ Additional:Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Water:Public Water

Exterior Features

Lot:Level Lot
Lot Dimensions:20.2X119.4
Roof:Rubberized
Others:
  • ▪ Additional:Sidewalk, Vinyl Siding, On-Street Parking
Sewer:Public Sewer
Parking Features:On-Street Parking
Principal Interest
$2,970
Taxes
$365

Home Price

$550,000

Loan Details

30 yrs
7.144%

Down Payment

20%
$110,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,970.01

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,970.01 $364.50 $0.00 $3,334.51
Yearly $35,640.08 $4,374.00 $0.00 $40,014.08
Total $1,069,202.26 $131,220.00 $0.00 $1,200,422.26
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Newark City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-13T21:57:18.000Z

© 2026 Garden State MLS