20-Unit SRO Apartment
For Sale
Contact for pricing
Pending
219 Mt Prospect Ave, Newark, NJ 07104
Vacant three-story property with C-1 Neighborhood Commercial zoning and recently replaced gas-fired heating and hot-water systems.
Property Size9,000 SF
Lot Size0.14 Acres
Days on Market145
Property Features for 219 Mt Prospect Ave
General Information
Standard status
Pending
Size
9,000 SF
Total Parking Spaces
12
Lot size
0.14 Acres
Property subtype
Multifamily
Zoning
C-1
Units
Unit Mix
20 x SRO
Multifamily Units
20
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1910
Buildings
1
Stories
3
Construction
stone
Listing Agency:
Silvera Realty Co
Listed By:
Esther Silvera · License #NJ 1643477
(732) 705-9070
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 8:14PM
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 Silvera Realty Co
Investment Insights
Based on property information with market context.
This three-story apartment building contains 20 licensed SRO units and is being delivered vacant. The approximately 9,000-square-foot property occupies a double lot measuring 59 by 105 feet and dates to 1910. Stone and rock construction define the original estate-style structure. On-site parking accommodates 10–12 cars, while gas-fired heating and hot water systems were replaced 2 years ago. PSE&G provides both gas and electric service.
The property is located at 219 Mt Prospect Ave in Newark, NJ, approximately 2 minutes from Branch Brook Park and near 5-star-rated schools. It carries C-1 Neighborhood Commercial zoning, with the zoning description available in the property materials. The combination of licensed SRO accommodations, vacant delivery, on-site parking, and commercial zoning provides a clear basis for evaluating the asset in person.
The property is located at 219 Mt Prospect Ave in Newark, NJ, approximately 2 minutes from Branch Brook Park and near 5-star-rated schools. It carries C-1 Neighborhood Commercial zoning, with the zoning description available in the property materials. The combination of licensed SRO accommodations, vacant delivery, on-site parking, and commercial zoning provides a clear basis for evaluating the asset in person.
Key Highlights
- 20 licensed SRO units across three floors
- Approximately 9,000 square feet on a double lot
- 59 by 105‑foot lot
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,671
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Vacant three-story property with C-1 Neighborhood Commercial zoning and recently replaced gas-fired heating and hot-water systems.
Where is this apartment building located?
The property is located at 219 Mt Prospect Ave Newark, NJ.
What are key features of this property?
This property features: 20 licensed SRO units across three floors; Approximately 9,000 square feet on a double lot; 59 by 105‑foot lot
