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Off market
  • $528,800

    78 Mount Prospect Ave, Newark, NJ 07104

    --beds
    0baths
    2,533sqft
    MultiFamily
    Built in 1882
    -- sqft lot
    $528,800 Zestimate®
    $209/sqft
    $2,133 Estimated rent

    Home value

    $528,800

    $481,000 - $582,000

    $2,133/mo

    Zestimate® history
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    $2,133/mo

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    $2,133/mo

    Rent Zestimate®

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    $3,724/mo

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    $3,724/mo

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    What's special

    Your next best investment awaits! Multi Fam home with tons of potential. 2 units, each with 2 Bedrooms and 1 Full Bath. The income generating from this one is undeniable. 1st floor unit has a spacious LR w/ big bay window. The DR is also a great size. EIK has the attached full bath. Both Bedrooms are a good size, too! 2nd floor unit is identical to the first. Add some modern finishes to each for a new & updated look! Full basement access with washers & dryer hook up. Bonus 3rd level is finished & has so much additional space with endless possibilities! Separate utilities for each unit. Spruce up the backyard with new shrubs and greenery for a park like scene! The location is only minutes to major roads, buses & trains-a commuters delight! Also nearby local conveniences! This is a great opportunity to build your capital! Come and see today!

    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
    • Bathrooms: 0
    Heating
    • Radiant, Electric, Gas
    Cooling
    • None
    Appliances
    • Included: Range / Oven
    • Laundry: In Basement
    Features
    • Kitchen, Living Room), 1 Bath, 2 Bedrooms, Unit 1(Dining Room, Unit 2(Dining Room
    • Flooring: Hardwood, Linoleum / Vinyl
    • Windows: Screens/Storms
    • Basement: Utility Room, Full, Interior Entry, Tenant Use, Storage Space
    Interior area
    • Total interior livable area: 2,533 sqft

    Property

    Features
    • Patio & porch: Porch(es) - Open, Porch
    • Exterior features: Vinyl
    • Fencing: Fencing/Wall
    Lot
    • Size: 2,613 sqft
    • Features: Near Shopping, Near Public Transit, Level
    Details
    • Parcel number: 1400491000000031
    • Zoning description: Conform to Zoning

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1882

    Utilities & green energy

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

    Community & neighborhood

    Location
    • Region: Newark

    Other

    Other facts
    • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven)
    • Basement: Utility Room, Full, Interior Entry, Tenant Use, Storage Space
    • CommunityFeatures: Curbs, Sidewalks
    • ExteriorFeatures: Yard, Semi-Private Entry
    • Fencing: Fencing/Wall
    • HeatingYN: true
    • InteriorFeatures: Kitchen, Living Room), 1 Bath, 2 Bedrooms, Unit 1(Dining Room, Unit 2(Dining Room
    • Age: 0
    • TransactionType: Sale
    • LivingAreaUnits: Square Feet
    • LotFeatures: Near Shopping, Near Public Transit, Level
    • OwnerPays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(Water)
    • Ownership: Fee Simple
    • PropertyType: Residential Income
    • Roof: Asphalt
    • Sewer: Public Sewer
    • Utilities: Electricity Connected, Natural Gas Connected
    • WaterSource: Public
    • OriginatingSystemName: CJMLS API
    • PatioAndPorchFeatures: Porch(es) - Open, Porch
    • Heating: Radiators-Hot Water
    • ParkingFeatures: On Street
    • RoomsTotal: 13
    • WindowFeatures: Screens/Storms
    • BuildingAreaUnits: Square Feet
    • BuyerFinancing: Cash, Conventional, FHA, VA
    • ExistingLeaseType: Net
    • LotMeasurement: A
    • PricePerAcre: 0
    • PricePerSquareFoot: 0
    • LotSizeUnits: Acres
    • Possession: Close Of Escrow
    • MlsStatus: Under Contract
    • OperatingExpenseIncludes: See Remarks
    • ZoningDescription: Conform to Zoning
    • LaundryFeatures: In Basement
    • ConstructionMaterials: Vinyl Siding
    • BuildingFeatures: Storage Area-Common
    • SubLeaseExpiration: 1800-01-01T05:00:00.000Z
    • FoundationDetails: Basement
    • ParcelNumber: 1400491000000031
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    2/19/2021Sold$286,000+4%$113/sqft
    Source: GSMLS #3672052 Report a problem
    1/3/2021Contingent$274,900$109/sqft
    Source: Local MLS #2105624 Report a problem
    11/4/2020Pending sale$274,900$109/sqft
    Source: RE/MAX 1st ADVANTAGE #2105624 Report a problem
    10/15/2020Listed for sale$274,900+77.4%$109/sqft
    Source: RE/MAX 1st ADVANTAGE #2105624 Report a problem
    2/18/2005Sold$155,000$61/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,206 +5.2%$230,200
    2024$8,755 +1.8%$230,200
    2023$8,600 +60.6%$230,200
    2022$5,354 $230,200 +63.4%
    2021$5,354 +1%$140,900
    2020$5,299 +37.4%$140,900
    2019$3,856 $140,900
    2018$3,856 -20.5%$140,900
    2017$4,847 +4%$140,900
    2016$4,662 +6.7%$140,900
    2015$4,369 +5%$140,900
    2014$4,161 -15.5%$140,900
    2013$4,923 +3.7%$140,900 -1.2%
    2012$4,746 +4.7%$142,600
    2011$4,535 +16.1%$142,600
    2010$3,906 +5.4%$142,600
    2009$3,706 +4.4%$142,600
    2008$3,551 $142,600
    2007$3,551 $142,600
    2006-- $142,600
    2005-- $142,600
    2004$3,080 $142,600
    2003-- $142,600 +1639%
    2002-- $8,200
    2001-- $8,200

    Find assessor info on the county website

    Neighborhood: Seventh Avenue

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: MCKINLEY
    • High: BARRINGER
    • District: Newark Ps

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $528,800
    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
    $528,800