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Newly Built Two-Family Property
For Sale
$850,000

153.5 Mount Prospect Ave, Newark, NJ 07104

Multi-Family, Newark City, NJ

Property SizeContact for details
Lot Size0.04 Acres
Days on Market15

Property Features for 153.5 Mount Prospect Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 9
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 7, Bedroom 4, Bathroom 6, Basement, Bedroom 3, Bathroom 2, Bedroom 9, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 8, Bedroom 5
Directions Google Maps
Standard status Active
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2025

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 2024
Number of units 2
Listing Agency: KELLER WILLIAMS - NJ METRO GROUP · Keller Williams Realty
Listed By: BRENDAN DASILVA · License #1753996
Added: Aug 19 Changed: Sep 2 Last Checked: Sep 2 at 4:06PM
MLS# 4047765

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 2024, this two-family property offers a substantial residential layout with 9 bedrooms and 6 bathrooms. The ground-level unit includes 2 rooms and a full bath, providing additional flexibility within the overall configuration. Forced-air heating and central air conditioning serve the home, while public water and public sewer are in place.

The property occupies a 0.04-acre lot at 153.5 Mount Prospect Ave in Newark, NJ. A 5-year tax abatement has started, adding a defined tax-benefit period to the property profile.

Key Highlights

  • 2024 construction with 9 bedrooms and 6 bathrooms
  • Ground‑level unit includes 2 rooms and a full bath
  • 0.04‑acre lot at 153.5 Mount Prospect Ave, Newark, NJ

Property Analytics

Current Use

Duplexes

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,671
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

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 - A ground-level unit adds flexible space with a full bath.
Where is this duplex located?
The property is located at 153.5 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: 2024 construction with 9 bedrooms and 6 bathrooms; Ground‑level unit includes 2 rooms and a full bath; 0.04‑acre lot at 153.5 Mount Prospect Ave, Newark, NJ
More about this property
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