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Listing Details

824 MT PROSPECT,Newark City, NJ 07104-3893

  • April 3, 2026

Description

Amazing opportunity. This fully renovated beauty generates high NOI and is situated near the Newark/Belleville border. Both units are occupied and paying market rents.

Details

Last Updated On: April 3rd, 2026 at 11:27 am
Property ID:PT-34859795-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 800,000 $
Bedrooms:8
Year Built:1915

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 25x125
Lot Identifier: 51
Lot Identifier: 51

Home Details

Open Parking: 0
Basement: Yes
Renovated: 2022
Basmnt/Desc: Yes - Finished
Total Baths: 4.00
Unit Style: 2-Two Story
Number of Units: 2
Rooms: 14
Easement/Desc: No
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Possesion: At closing
Unit 1 Appliances/Equipment: Carbon Monoxide Detector
Unit 1 Levels: 2
Unit 1 Rooms: 8
Unit 1 Beds: 5
Unit 1 Baths: 2.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 1 Handicap: No
Unit 1 SqFt: 2000
Unit 1 Rent: 3400
Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room
Unit 1 Security Deposit: 5100
Unit 2 Appliances/Equipment: Carbon Monoxide Detector
Unit 2 Levels: 2
Unit 2 Rooms: 8
Unit 2 Beds: 5
Unit 2 Baths: 3.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 2 Handicap: No
Unit 2 SqFt: 2000
Unit 2 Rent: 3000
Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room
Unit 2 Security Deposit: 4500
Garage Description: On-Street Parking
Block Identifier: 813
County Number: 16
Town Number: 1614
YB/Desc: 1915 - Renovated
Easement: No
Parking/Driveway Description: On-Street Parking
Block Identifier: 813
County Number: 16
Town Number: 1614
Possession: At closing

Taxes, Fees & Assessments

Gross Operating Income: 76800
Net Operating Income: 63300
Tax ID For Property: 1614-00813-0000-00051-0000-
Tax Amount: $6,510.00
Tax Year: 2026
Tax Rate: 3.000%
Tax Rate Year: 2026
Land Assessment: $21,200.00
Building Assessment: $141,600.00
Total Assessment: $162,800.00
FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural
Heat System: 2 Units
Cool System: Window A/C(s)
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Features

  • Deck

Statistics

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