638 Mount Prospect Avenue, Newark, NJ

Multi-Use for Sale


Agent Info

Susanne Newmark
Newmark Associates CRE

Property Info

CIMLS#1188918
Location
  638 Mount Prospect Avenue
  Newark NJ 07104
UpdatedMarch 13th, 2026
TypeMulti-Use
PriceUpon Request

Attached Documents


Property Description

BUILDING FEATURES

• Four (4) story 20,000 sf mixed use building

• Masonry/brick construction

• 10 Resident walk-up apartments

• Long term commercial NNN medical tenant on 1st Fl

• Separate entrances for commercial and residential tenants

• Flat roof system

PROPERTY FEATURES

• Corner property at Mount Prospect Avenue &

Elwood Avenue

• Desirable neighborhood providing consistent occupancy

• Strong in-place income stream

• On-site parking lot INCLUDED

• Located in Newark’s North Ward/Mount Prospect corridor

• Short walk to NJT Newark Broad St. Station/Light Rail /Bus; Quick commute to NYC (12 miles)

• Nearby shopping/restaurants/medical center

• Close proximity to major highways & Newark Airport


Financials