570 Mount Prospect Ave | Newark City

$675,000 | 8 Beds | 7 Baths (5 Full, 2 Half)

**Investor Opportunity** 1-Family in R2 Zoning, 1 to 3 family. This legal 1-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, excellent candidate for redevelopment or value-add investment. Single family, two floor with a grand staircase, 3 Bedroom, 3 full and 2 half baths, detached 2 car garage and TWO 1 bedroom apartments with separate entrances. Located in the Forest Hill neighborhood close to Branch Brook Park.With a total of 23 rooms, including multiple bathrooms, and a detached 2-car garage, this property offers significant scale and potential. While the property is in need of renovations, it presents a unique opportunity for investors seeking to reposition a multi-family in a high-demand market. The large footprint and flexible layout provide options for reconfiguration, modernization, or conversion to meet today's rental and mixed-use demand. With strong rental demand in Newark and the growing trend of mixed-use conversions in the area, this property offers excellent potential upside for the right buyer.This is your chance to acquire a value-add project in a prime location ideal for seasoned investors or developers looking to maximize return on investment. GSMLS 4011668

Directions to property: Bloomfield Avenue to Mt. Prospect Avenue, the subject is the corner of Mt. Prospect and Delavan Aven

MLS Listing ID: 
GSMLS 4011668
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Architectural Style: 
Colonial
Year Built: 
1920
New Construction: 
0
Basement: 
Full
Fireplaces: 
Yes
Construction
Roof: 
See Remarks
Exterior: 
See Remarks, Stucco
Energy Information: 
Electric, Gas-Natural
Porch: 
No
Deck: 
No
Room Details
Details about the rooms in the building.
Total Rooms: 
23
Total Bedrooms: 
8
Total Bathrooms: 
7
Total Full-Bathrooms: 
5
Total Half-Bathrooms: 
2
Utilities
Information about utilities available on the property.
Heating System: 
1 Unit, See Remarks
Heating System Fuel: 
Gas-Natural, See Remarks
Cooling System: 
See Remarks
Water Heating System: 
Gas
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.27
Lot Size (Dimensions): 
90X130
Waterfront: 
0
Lot Features
Driveway: 
1 Car Width
Parking Type: 
1 Car Width
Total Parking Spaces: 
3
Garage: 
Detached Garage
Pool: 
No
Fence: 
No
Public Record
Parcel Number: 
1614-00683-0000-00009-0000-
Lot Number: 
9
Annual Tax: 
$12,983.00
Property Zoning: 
R2
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
2/27/2026
Contract Details
Details about the listing contract.
Exclusions: 
None
Possession: 
At Closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
CENTURY 21 ALLIANCE REALTY