
Courtesy of: DOUGLAS RAMOS, CENTURY 21 ALLIANCE REALTY, maindesk@C21ar.net
$675,000
|
8 bed
|
|
7.00 Bath (5 Full , 2 Half)
|
|
Lot: 0.27 Acres
|
|
Single Family Residence
|
$675,000
570 Mount Prospect Ave **Investor Opportunity** 1-Family in R2 Zoning, 1 to 3 family. This legal 1-family property is positioned on a busy street surrounded by a mix of residential homes and professional office spaces, excellent candidate for redevelopment or value-add investment. Single family, two floor with a grand staircase, 3 Bedroom, 3 full and 2 half baths, detached 2 car garage and TWO 1 bedroom apartments with separate entrances. Located in the Forest Hill neighborhood close to Branch Brook Park.With a total of 23 rooms, including multiple bathrooms, and a detached 2-car garage, this property offers significant scale and potential. While the property is in need of renovations, it presents a unique opportunity for investors seeking to reposition a multi-family in a high-demand market. The large footprint and flexible layout provide options for reconfiguration, modernization, or conversion to meet today's rental and mixed-use demand. With strong rental demand in Newark and the growing trend of mixed-use conversions in the area, this property offers excellent potential upside for the right buyer.This is your chance to acquire a value-add project in a prime location ideal for seasoned investors or developers looking to maximize return on investment.
Courtesy of: DOUGLAS RAMOS, CENTURY 21 ALLIANCE REALTY, maindesk@C21ar.net
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.