$650,000
$50K PRICE DROP

242 Prospect St Nutley, NJ 07110

Nutley Area

Estimated payment $4,593/month

Total Views 5,662
3 Beds
3 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Patio
  • Corner Lot

About This Home

Two family home in Nutley, NJ! situated on a corner lot in a great neighborhood. The main unit features a renovated eat in kitchen with granite countertops and stainless steel appliances, 2 bedrooms and one full bath. This unit also has a finished and renovated basement with a versatile room great for additional living space, plus another full bathroom. The second-floor unit offers one bedroom and one full bathroom, creating an excellent opportunity for rental income. Conveniently located near shopping, restaurants, public transportation, and major commuter routes, this property is ideal for both owner occupants and investors seeking an income producing home in a prime location.

Listing Agent

Layth Abbasi

THE ABBASI AGENCY Brokerage Phone: 201-868-6677 Listed on: 06/25/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,234

Year Built

  • Built in 1954

Lot Details

  • 4,875 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Multiple Heating Units
  • Underground Utilities
  • Standard Electricity
  • Gas Water Heater

Additional Features

  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Patio

Listing and Financial Details

  • Assessor Parcel Number 1616-07603-0000-00005-0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,234

Year Built

Built in 1954

Lot Details

4,875 Sq Ft Lot

Parking

1

Listing Details

  • Unit Style: 2-Two Story
  • Year Built: 1954
  • Year Built Description: Approximate
  • County Name: Essex
  • Directions: corner of Centre and Prospect Street
  • I D: 5442427
  • Attribution Contact: 201-868-6677
  • MLS Status: Active
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Wood Floors
  • Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 3
  • Basement: Yes
  • Basement Description: Finished, Full

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Patio
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Attached Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 3
  • Parking Driveway Description: 2 Car Width

Utilities

  • Cooling: Wall A/C Unit(s), Window A/C(s)
  • Fuel Type: Gas-Natural
  • Heating: 2 Units
  • Sewer: Public Sewer
  • Utilities: All Underground, Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: 4875
  • Easement: Unknown
  • Lot Description: Corner
  • Lot I D Tax: *
  • Total Acres: 0.10

Tax Info

  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 12234
  • Tax Amount Tax: *
  • Assessor Parcel Number: 1616-07603-0000-00005-0000-
  • Tax Rate Amount: 2.699
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2025

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $12,235 $453,300 $165,300 $288,000
2025 $12,235 $453,300 $165,300 $288,000
2024 $11,677 $453,300 $165,300 $288,000
2022 $13,076 $338,400 $130,900 $207,500
2021 $13,008 $338,400 $130,900 $207,500
2020 $12,460 $338,400 $130,900 $207,500
2019 $12,209 $338,400 $130,900 $207,500
2018 $12,864 $366,400 $158,900 $207,500
2017 $12,725 $366,400 $158,900 $207,500
2016 $12,348 $366,400 $158,900 $207,500
2015 $12,150 $366,400 $158,900 $207,500
2014 $12,602 $384,900 $158,900 $226,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2026 08/15/26 Price Changed $650,000 0.0% --
08/15/2026 08/15/26 For Sale $650,000 -7.1% --
08/13/2026 08/13/26 Off Market $699,999 -- --
06/25/2026 06/25/26 For Sale $699,999 +89.2% --
05/12/2014 05/12/14 Sold $370,000 0.0% -- View Prior Sale
05/12/2014 05/12/14 Sold $370,000 -- -- View Prior Sale
Source: Garden State MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed -- None Available
Deed $257,000 --
Source: Public Records

Source: Garden State MLS

MLS Number: 4036989

Garden State MLS

APN: 16-07603-0000-00005

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