Active

Price cut: $50K (8/15)

$650,000

242 Prospect St, Nutley Twp., NJ 07110

3beds

1,577sqft

$4,573/mo

Get pre-qualified

Multi Family

Built in 1954

-- sqft lot

$657,500 Zestimate^®

$412/sqft

$-- HOA

What's special

Finished and renovated basementStainless steel appliancesCorner lotGranite countertops

Two family home in Nutley, NJ! situated on a corner lot in a great neighborhood. The main unit features a renovated eat in kitchen with granite countertops and stainless steel appliances, 2 bedrooms and one full bath. This unit also has a finished and renovated basement with a versatile room great for additional living space, plus another full bathroom. The second-floor unit offers one bedroom and one full bathroom, creating an excellent opportunity for rental income. Conveniently located near shopping, restaurants, public transportation, and major commuter routes, this property is ideal for both owner occupants and investors seeking an income producing home in a prime location.

53 days

1,679

70

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 3

Heating

2 Units, See Remarks, Natural Gas

Cooling

Wall Unit(s), Window Unit(s)

Appliances

Included: Dishwasher, Microwave, Range/Oven - Gas, Refrigerator, Microwave Oven, Gas Water Heater

Features

See Remarks, Bedrooms, Eat-in Kitchen, Living Room, Rec Room, Kitchen, Ceiling Fan(s)
Flooring: Wood
Basement: Yes,Finished,Full
Has fireplace: No

Interior area

Total structure area: 1,577
Total interior livable area: 1,577 sqft

Property

Parking

Total spaces: 3
Parking features: 2 Car Width, Attached Garage
Attached garage spaces: 1
Uncovered spaces: 3

Features

Levels: Two
Stories: 2
Patio & porch: Patio

Lot

Size: 4,356 Square Feet
Dimensions: 75 x 65 IRR
Features: Corner Lot

Details

Parcel number: 1616076030000000050000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, See Remarks, Vinyl Siding
Roof: Asphalt Shingle

Condition

Year built: 1954

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Underground Utilities, Electricity Connected, Natural Gas Connected

Community & HOA

Community

Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector

Location

Region: Nutley

Financial & listing details

Price per square foot: $412/sqft
Tax assessed value: $453,300
Annual tax amount: $12,234
Date on market: 6/25/2026
Total actual rent: 1500
Electric utility on property: Yes

Estimated market value

$657,500

$625,000 - $690,000

$3,324/mo

Price history

Date	Event	Price
8/15/2026	Price change	$650,000-7.1%$412/sqft
Source: GSMLS #4036989 Report a problem
6/25/2026	Listed for sale	$699,999+89.2%$444/sqft
Source: NJMLS #26023290 Report a problem
5/12/2014	Sold	$370,000-4.9%$235/sqft
Source: GSMLS #3120426 Report a problem
2/25/2014	Listed for sale	$389,000+51.4%$247/sqft
Source: Coldwell Banker Residential Brokerage - Caldwell Office #1405448 Report a problem
4/25/2001	Sold	$257,000$163/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$12,235 +2.5%	$453,300
2024	$11,931 -8.8%	$453,300
2023	$13,076 +0.5%	$453,300 +34%
2022	$13,008 +4.4%	$338,400
2021	$12,460 +2.1%	$338,400
2020	$12,209 -5.1%	$338,400
2019	$12,864 +1.1%	$338,400 -7.6%
2018	$12,725 +3.1%	$366,400
2017	$12,348 +1.6%	$366,400
2016	$12,150 -3.6%	$366,400
2015	$12,602 +2.2%	$366,400 -4.8%
2014	$12,328 +9.5%	$384,900 +4.2%
2013	$11,260 -4%	$369,300
2012	$11,732 +12.6%	$369,300 -1.6%
2011	$10,419 +5.7%	$375,200
2010	$9,854 +4.3%	$375,200 -9.3%
2009	$9,444 +4.8%	$413,500
2008	$9,014 +6.3%	$413,500
2007	$8,477	$413,500 +768.7%
2006	--	$47,600
2005	--	$47,600
2004	$6,745	$47,600
2003	--	$47,600
2002	--	$47,600
2001	--	$47,600