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Duplex With Ground-Level Unit
New
For Sale
$850,000

149 Mount Prospect Ave, Newark, NJ 07104

Newark property with a two-family layout and a ground-floor area offering two rooms and a full bath.

Property SizeContact for details
Days on Market4

Property Features for 149 Mount Prospect Ave

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Public Transit Yes
Multifamily Units 2

Building Details

Year Built 2021
Units 2
Listing Agency: NJ Metro Group LLC
Listed By: BRENDAN DASILVA · License #1753996
Source: Elliman
Added: Oct 7 Last Checked: Oct 9 at 10:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NJ Metro Group LLC

Investment Insights

Based on property information with market context.

Built in 2021, this two-family property includes a ground-level area with two rooms and a full bath. The space can also serve as a home office. A five-year tax abatement has begun.

The property is in Newark, with reported walk, transit, and bike scores of 89, 72, and 40, respectively. Nearby shopping and dining are noted in the property information.

Key Highlights

  • Two‑family property built in 2021
  • Ground‑level area includes 2 rooms and a full bath
  • Five‑year tax abatement has begun

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Acupuncture Gym & Fitness Center Veterinary Clinic (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,763
Businesses Nearby

Demographics for 07104, NJ

54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Newark property with a two-family layout and a ground-floor area offering two rooms and a full bath.
Where is this duplex located?
The property is located at 149 Mount Prospect Ave Newark, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑family property built in 2021; Ground‑level area includes 2 rooms and a full bath; Five‑year tax abatement has begun
More about this property
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