For Sale36d on marketHistoric · 189 yrs
42-46 Mount Prospect Pl
Newark, NJ, 07104 • Seventh Avenue • Essex County
$579,000
$29/sqft
Down payment assistance available
12Beds
6Baths
19,998Sqft
0.19 acLot
1837Built
Property DNA
Skyline Views
Skyline
Character Home
Built 1837 · 189 years of history
Enhanced Security
Carbon Monoxide Detector(s) · Carbon Monoxide Detector
Outdoor Living
Porch
This home is getting attention
Listed 36 days ago · 6,819 views · 296 saves
Market activity
Demand and pricing signals for this listing
6,819 views
People checking out this listing
296 saves
Buyers have saved this home
36 days on market
Established listing
$29/sqft
Price per square foot
Selling Soon Prediction
HighThis home ranks in the top 15% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Multi Family · Built 1837 · Historic
Full renovation opportunity for investors and developers! Welcome to 42 Mount Prospect Ave, a large 2-family property in Newark that has been fully gutted and is ready for a complete transformation. This expansive building offers a massive footprint with a total of 12 bedrooms and 6 full bathrooms across two oversized units, providing a strong foundation for a high-value renovation project. The property also includes a finished basement and sits on a generous lot with skyline views and a private driveway. With its substantial size, flexible layout, and prime redevelopment potential, this property is a rare opportunity for experienced investors looking to design and rebuild a high-performing multi-family asset. Bring your vision and unlock the full potential of this major value-add project.
Estimated monthly payment
Based on current rates
$3,642/month
Principal & Interest$2,870
Property Tax$579
Insurance$193
Down payment20% ($115,800)
3%50%
Est. 6.31% rate · 30yr fixed · $463,200 loan
Full calculator →At a glance
Key facts and listing details
TypeMulti Family
Year Built1837
Heating1 Unit, Natural Gas
CoolingWindow Unit(s)
Parking1 Parking space
Days on Zillow36 Days
Price/sqft$29
Property
Home typeMulti Family
Sub-typeMulti Family
Year built1837
Stories3
Systems
Heating1 Unit, Natural Gas
CoolingWindow Unit(s)
RoofFlat
ConstructionBrick
Water / SewerPublic / Public Sewer
Parking & Outdoor
Parking1 Car Width
BasementYes,Finished
Lot8,276 sqft
Location & Tax
NeighborhoodSeventh Avenue
Annual tax$11,325
Parcel140061000000003801
Bathrooms & Fees
Full baths6
Features & details
10 categories of property features
Interior Features
Interior
Bedrooms
Family Room
Kitchen
Living/Dining Room
Heating
1 Unit
Natural Gas
Cooling
Window Unit(s)
Exterior Features
Parking
1 Car Width
Construction
Brick
Patio & Porch
Porch
Security
Carbon Monoxide Detector(s)
Carbon Monoxide Detector
Views
Skyline
Utilities
Electricity Connected
Natural Gas Connected
Gas
Gas-Natural
Listing insights
Market data and value estimates
StatusFor Sale
Days on market36
Tax rate2.02%
Price/sqft$29
On marketMar 4, 2026
PostedMar 4, 2026
Last sold$600,000
MLS statusActive
MLS updatedMar 5, 2026
Tour days9
Views6,819
Favorites296
How are the schools in Newark?
3 schools rated nearby
Location
Newark, NJ, 07104
Price history
4 events
DateEventPrice$/sqftSource
Mar 4, 2026Listed For Sale$579,000$29GSMLS
May 28, 2025Sold$600,000$30Public Record
Sep 11, 2019Sold$395,000$20GSMLS
Sep 25, 2009Sold$230,000$12Public Record
Listed For Sale$579,000
Mar 4, 2026•$29/sqft•GSMLS
Sold$600,000
May 28, 2025•$30/sqft•Public Record
Sold$395,000
Sep 11, 2019•$20/sqft•GSMLS
Sold$230,000
Sep 25, 2009•$12/sqft•Public Record
Tax history
12 years of records
YearTax paidAssessed value
Apr 10, 2025$11,322$297,700
Apr 10, 2024$11,322$297,700
Apr 10, 2023$11,313$297,700
Apr 10, 2022$11,313$297,700
Apr 10, 2021$11,313$297,700
Apr 10, 2020$8,744$297,700
Apr 10, 2019$6,362$232,500
Apr 10, 2018$6,362$232,500
Apr 10, 2017$7,998$232,500
Apr 10, 2016$7,693$232,500
Apr 10, 2015$7,210$232,500
Apr 10, 2014$6,866$232,500
Nearby homes
Neighborhood details
Local context around this listing
Newark, NJ • Essex County
Nearby neighborhoods
FairmountForest HillLower VailsburgNorth IronboundSpringfield-BelmontUpper Clinton HillUpper RosevilleUpper VailsburgWeequahicWest Side
Nearby cities
BellevilleBloomfieldEast OrangeIrvingtonLivingstonMontclairNewarkNutley
Nearby zip codes
07103071040710507106071070710807112071140718207197
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