Income-Producing 3-Unit Multi-Family Property " Live in One, Rent the Other Two!Great investment opportunity! This multi-family property features three separate residential units with approximately 3,757 square feet of living space. Whether you're an investor looking to expand your rental portfolio or a buyer interested in offsetting your mortgage, this property offers excellent potential. Centrally located in the city of Newark near universities, parks, stores and more. Close commute to NYC. Approximately 25 mins to Newark airport.
Active
$799,000
618 Mount Prospect Ave, Newark City, NJ 07104
8beds
1sqft
Multi Family
Built in 1897
-- sqft lot
$-- Zestimate®
$799,000/sqft
$-- HOA
What's special
Three separate residential units
- 17 hours
- 212
- 28
Zillow last checked:
Listing updated:
Listed by:
Kira Ibarra-brumbaugh 347-365-0717,
Keller Williams Real Estate
Source: GSMLS,MLS#: 4063140
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5.2
- Full bathrooms: 5
- 1/2 bathrooms: 2
Heating
- 1 Unit, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Dryer, Range/Oven - Gas, Refrigerator, Washer, Water Heater (See Remarks)
- Laundry: Laundry Room
Features
- Bedrooms, Eat-in Kitchen, Family Room, Kitchen, Master Bedroom, Dining Room, Living Room, Eat-In Kitchen
- Basement: Yes,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 1
- Total interior livable area: 1 sqft
Property
Parking
- Parking features: On Street
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 6,098 Square Feet
- Dimensions: 50 x 125
Details
- Parcel number: 1614007160000000090000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1897
- Major remodel year: 2015
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector
Location
- Region: Newark
Financial & listing details
- Price per square foot: $799,000/sqft
- Tax assessed value: $225,400
- Annual tax amount: $9,013
- Date on market: 11/5/2026
- Total actual rent: 4450
- Tenant pays: Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/5/2026 | Listed for sale | $799,000$799,000/sqft |
Source:  GSMLS #4063140 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Forest Hill
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