Mixed-Use Investment Opportunity, Newark
For Sale
$2,799,000
441 Mount Prospect Ave, Newark, NJ 07104
Mixed-use building with residential units and commercial storefronts in Newark.
Property SizeContact for details
Days on Market478
Property Features for 441 Mount Prospect Ave
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$21,730
Building Details
Year Built
9999
Listing Agency:
ROSA AGENCY
Listed By:
JAMES ROSA
(973) 589-7550
Source:
Corcoran
Added: May 21, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 ROSA AGENCY
Investment Insights
Based on property information with market context.
This mixed-use building is located in a high-traffic business district. The property features 10 fully-leased residential units, comprising a mix of 1- and 2-bedroom apartments with strong rental histories. Additionally, there are 2 ground-level commercial storefronts that benefit from high visibility and foot traffic, suitable for retail, office, or service-based tenants. The property offers cash flow and long-term appreciation potential.
Key Highlights
- Prime mixed‑use building in a high‑traffic business district.
- 100% occupancy with 10 fully‑leased residential units and 2 ground‑level commercial storefronts.
- Excellent cash flow and long‑term appreciation potential.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,405
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with residential units and commercial storefronts in Newark.
Where is this mixed-use property located?
The property is located at 441 Mount Prospect Ave Newark, NJ.
What is the asking price?
The asking price for this property is $2,799,000.
What are key features of this property?
This property features: Prime mixed‑use building in a high‑traffic business district.; 100% occupancy with 10 fully‑leased residential units and 2 ground‑level commercial storefronts.; Excellent cash flow and long‑term appreciation potential.
