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 Market525
Property Features for 441 Mount Prospect Ave
General Information
Standard status
Active
Site & Location
Neighborhood
North Broadway
Taxes and HOA fees
Annual Taxes
$21,730
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
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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
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.
