Investment / 1031 Exchange 638 Mount Prospect Ave 10 Unit Apartment Building $4,500,000 ($450,000/Unit) 7.11% Cap Rate Newark, NJ 07104

638 Mount Prospect Avenue presents a rare opportunity to acquire a stabilized mixed-use investment property in Newark featuring a diversified income stream from both residential and medical tenants. The property consists of a four-story building with 10 residential apartments and approximately 8,076 square feet of medical office space leased to an established healthcare operator under a long-term lease. The asset benefits from consistent in-place income, NNN reimbursements from the commercial tenant, and strong residential occupancy. The property also includes a separate lot currently utilized for parking, which supports the medical and residential uses and enhances tenant stability and long-term leasing flexibility. This offering is well suited for investors seeking a stable cash-flowing asset with a strong medical tenancy component in a high-demand Newark corridor.