6
See all 6 photos
$1,495,000
Est. payment /mo
6,534 Sqft Lot
New
109 - 117 Mount Pleasant Ave Newark City, NJ 07104
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4052553
HOA Y/N No
Annual Tax Amount $4,798
Tax Year 2025
Lot Size 6,534 Sqft
Property Description
Rare development opportunity in one of Newark's most desirable and rapidly evolving locations. This property consists of 2 fully cleared lots totaling approximately 12,377 square feet, ideally positioned near Downtown Newark and the University Heights section. Surrounded by significant new development this location offers strong long term upside for developers and investors looking to capitalize on Newark's continued rental growth. The site offers potential for the development of 5 Triplex Unit Structures and or 24 residential units as of right, creating a compelling opportunity for a sizable multifamily building and or individual triplexes. With slight density increase and or variance the unit counts can increase drastically. A substantial portion of the early site preparation has been completed allowing a developer to focus on design, approvals, and construction. Buyer and buyer's representatives are responsible for independently verifying all zoning, permitted uses, density, unit count, buildability, and development potential directly with the City of Newark. No representations or guarantees are made regarding approvals or development rights. Renderings, illustrations, and digitally enhanced images are for conceptual and marketing purposes only and may not reflect the final design, finishes, materials, landscaping, dimensions, or completed condition of the property. All plans, features, and specifications are subject to change. Buyers should independently verify all information.
Location
State NJ
County Essex
Building
Lot Description Open Lot
Sewer Public Sewer in Street
Water Public Water on Property
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by NEW AND MODERN GROUP
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION