Renovation-Ready
For Sale
$579,000
42 Mt Prospect Place, Newark, NJ 07104
Two oversized units provide 12 bedrooms, six full bathrooms, a finished basement, and private driveway access.
Property Size9,999 SF
Price / SF$57.91
Days on Market190
Property Features for 42 Mt Prospect Place
General Information
Standard status
Active
Size
9,999 SF
Property subtype
Multi Family / 3-Three Story
Net Operating Income
$9,999
Taxes and HOA fees
Annual Taxes
$11,325
Amenities
Yes
No
Flat
Finished
Brick/Block
Building Details
Year Built
1837
Listing Agency:
KELLER WILLIAMS MID-TOWN DIRECT
(973) 762-5400
Listed By:
TOVIA LICHTMAN · License #306876
(973) 762-5400
Source:
Compass
Added: Feb 22
Changed: Aug 30
Last Checked: Aug 30 at 5:22PM
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 KELLER WILLIAMS MID-TOWN DIRECT
Investment Insights
Based on property information with market context.
This Newark duplex is configured as a two-family property with two oversized units totaling 12 bedrooms and six full bathrooms. The building has been fully gutted, creating a substantial renovation project with a 9,999 property-size figure and a finished basement. Brick/block construction and a private driveway are additional physical features.
The property is located at 42 Mt Prospect Place in Newark, New Jersey, and includes skyline views. Built in 1837, the asset offers a large existing structure and a flexible two-unit layout for a complete interior transformation.
The property is located at 42 Mt Prospect Place in Newark, New Jersey, and includes skyline views. Built in 1837, the asset offers a large existing structure and a flexible two-unit layout for a complete interior transformation.
Key Highlights
- Two‑family property with 12 bedrooms and 6 full bathrooms
- Fully gutted interior requiring complete renovation
- Finished basement included
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,609
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two oversized units provide 12 bedrooms, six full bathrooms, a finished basement, and private driveway access.
Where is this duplex located?
The property is located at 42 Mt Prospect Place Newark, NJ.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two‑family property with 12 bedrooms and 6 full bathrooms; Fully gutted interior requiring complete renovation; Finished basement included
