242 Prospect St, Nutley, NJ, 07110
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.
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1954
Materials
- Roof: Asphalt Shingle
- Construction materials: Brick,See Remarks,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dishwasher,Microwave,Range/Oven - Gas,Refrigerator,Microwave Oven,Gas Water Heater
Basement
- Has basement: Yes
- Basement: Yes,Finished,Full
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Features
- See Remarks,Bedrooms,Eat-in Kitchen,Living Room,Rec Room,Kitchen,Ceiling Fan(s)
- Flooring: Wood
Heating & Cooling
- Heating features: 2 Units,See Remarks,Natural Gas
- Cooling features: Wall Unit(s),Window Unit(s)
Interior Area
- Total structure area: 1,577
- Total interior livable area: 1,577 sqft
Property
Details
- Parcel number: 1616076030000000050000
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
Lot
- Lot size: 4,356 sqft
- Features: Corner Lot
- Lot size dimensions: 4875
Parking
- Total spaces: 3
- Parking features: 2 Car Width,Attached Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Uncovered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Inland Flooding
- Cold Wave
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,539 | $42,468 |
| Home Insurance * | $185 | $2,220 |
| Property Taxes | $1,454 | $17,448 |
| Electricity | $193 | $2,318 |
| Total | $5,371 | $64,452 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-15 | Price change | $650,000 |
| 2026-06-25 | Listed for sale | $699,999 |
| 2014-05-12 | Sold | $370,000 |
| 2014-02-25 | Listed for sale | $389,000 |
| 2001-04-25 | Sold | $257,000 |
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