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Off market
  • $828,700

    247 Mount Prospect Ave, Newark, NJ 07104

    9beds
    3,360sqft
    MultiFamily
    Built in 1917
    -- sqft lot
    $828,700 Zestimate®
    $247/sqft
    $2,343 Estimated rent

    Home value

    $828,700

    $779,000 - $887,000

    $2,343/mo

    Zestimate® history
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    Owner options

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    $2,343/mo

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    $2,343/mo

    Rent Zestimate®

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    $5,846/mo

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    $5,846/mo

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    What's special

    Incredible investment opportunity. First time on the market in over 30 years, this updated 3 family home near Branch Brook Park has been exceptionally well maintained and shows pride of ownership throughout. This house has fantastic bones and the size is impressive, featuring 1,000+ sq ft apartments with ultra high ceilings, 3 large bedrooms, en-suite laundry, updated kitchens and baths, and private balconies. Owner apartment (1st floor) has modern kitchen with shaker cabinets, granite counters and ss appliances. Primary bedroom is huge with bonus space for walk in closet, nursery, or office. 1st flr also has direct access to full finished basement with rec room, summer kitchen, full bath, and extra room for storage / office. 2nd and 3rd units are equally spacious and each include a bonus office room that can be a 4th bedroom. Low maintenance backyard with above ground pool and additional storage space. As an investment, there is potential for a $5,000+ monthly rent roll. Property is turn-key and requires low maintenance. Long term tenant and owner have kept apartments in great condition. Utilites are separate. Newer gas furnaces and water heaters in very condition. Super low taxes currently $6,698.80. Excellent location near public transportation, schools, shopping, major highways, and beautiful Branch Brook Park. This property is an absolute winner. HIGHEST AND BEST OFFERS DUE MON 8/1/22 AT 5PM.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 4
    • Full bathrooms: 4
    Interior area
    • Total interior livable area: 3,360 sqft

    Property

    Features
    • Exterior features: Wood
    Lot
    • Size: 3,920 sqft
    Details
    • Parcel number: 1400531000000064

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    Condition
    • Year built: 1917

    Community & neighborhood

    Location
    • Region: Newark

    Price history

    DateEventPrice
    11/4/2025Listing removed$3,500$1/sqft
    Source: GSMLS #3966658 Report a problem
    9/22/2025Price change$3,500-5.4%$1/sqft
    Source: GSMLS #3966658 Report a problem
    8/10/2025Price change$3,700-3.9%$1/sqft
    Source: GSMLS #3966658 Report a problem
    6/23/2025Price change$3,850-9.4%$1/sqft
    Source: GSMLS #3966658 Report a problem
    6/14/2025Price change$4,250-5.6%$1/sqft
    Source: GSMLS #3966658 Report a problem
    6/2/2025Listed for rent$4,500$1/sqft
    Source: GSMLS #3966658 Report a problem
    10/7/2022Sold$618,000+16.6%$184/sqft
    Source: GSMLS #3798108 Report a problem
    9/24/2022Pending sale$529,900$158/sqft
    Source: RE/MAX International #3798108 Report a problem
    8/16/2022Contingent$529,900$158/sqft
    Source: GSMLS #3798108 Report a problem
    8/16/2022Pending sale$529,900$158/sqft
    Source: NJMLS #22027706 Report a problem
    7/24/2022Listed for sale$529,900+215.4%$158/sqft
    Source: GSMLS #3798108 Report a problem
    1/10/2002Sold$168,000$50/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,174 +5.2%$179,400
    2024$6,823 +0.1%$179,400
    2023$6,817 $179,400
    2022$6,817 $179,400
    2021$6,817 +1%$179,400
    2020$6,747 +37.4%$179,400
    2019$4,909 $179,400
    2018$4,909 -20.5%$179,400
    2017$6,171 +4%$179,400
    2016$5,936 +6.7%$179,400
    2015$5,563 +5%$179,400
    2014$5,298 -31.1%$179,400
    2013$7,688 +3.7%$179,400 -19.4%
    2012$7,411 +4.7%$222,700
    2011$7,082 +16.1%$222,700
    2010$6,100 +5.4%$222,700
    2009$5,788 +4.4%$222,700
    2008$5,545 $222,700
    2007$5,545 $222,700
    2006-- $222,700
    2005-- $222,700
    2004$4,810 $222,700
    2003-- $222,700 +1667.5%
    2002-- $12,600
    2001-- $12,600

    Find assessor info on the county website

    Neighborhood: Forest Hill

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $828,700
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $828,700