504 Springfield Ave Newark, NJ $ 649,999
504 Springfield Ave
$ 649,999
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504 Springfield Ave

Newark, NJ, 07103
$ 649,999
Bedrooms-- Baths--
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Property for Rent in Newark, NJ

for $649,999 with 3 half baths. This property was built in 1947 on a lot size of 0.06.

Mixed-Use Building: ?Taxes 10,713 Lot 24x105 offers both commercial and residential income opportunities. The first floor retail unit previously occupied by a pharmacy?, making it an excellent opportunity for a variety of potential businesses. The ?2?nd and 3rd floors each include large, residential apartments ?with 4 bedrooms ?& 1 bathroom. (Note: one bedroom does not include a closet.) These units offer high ceilings, generous layouts, ?& both front and rear stair access. Separate utilities?, Unfinished basement offering storage?. Building upgrades completed in 2006, including updated electrical systems and central air. The property is being sold as-is, presenting a fantastic opportunity for an investor or owner-occupant to add value and maximize income. ?Store Rent Potential $2,500 - $3,000 - (Potential Annual Income $100,000 -$110,000(+/-) - Total 4,700 sq ft (+/-) Basement is 1,229 sq ft Retail Floor is 1,099 Sq ft - 2nd Floor Unit is 1,184sqft, 3rd Floor Unit is 1,184 sq ft (SQ FT Measurement calculated by the Matterport System and should be approx.

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Rental Active

Price

$ 649,999

Half Bath

3

Taxes

$ 10,713

Style

MixedUse

Lot Size

0.06

Year Built

1947

Town/City

Newark

County/Region

Essex

MLS | Web ID

4000508

Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 3 Units Baseboard - Hotwater Forced Hot Air
Cooling 1 Unit Central Air
Utilities Electric Gas-Natural
Possession ASAP
Roof Flat
Zoning Mixed Use
Garage Spaces 0
Year Built 1947
Tenant Pays Electric Heat
Township Newark City
Property Type Mixed Use MixedUse
Tax Year 2024
Ownership Fee Simple
Location Business District
Lease Information Month-To-Month
Gross Income 102000
County Essex
Net Operating Income 84587
Operating Expense 17413
MaintenanceExpense 100
Status Active
Directions Springfield Ave - Near Home Depot
Number Of Units Total 3
Tax Annual Amount 10713
Drive None On-Street Parking
Leasable Area 0
Lease Type Gross
Standard Status Active
Tax Assessed Value 281700
Town # 1614
Tax Lot 12
Farm Assessment No
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Interior
Basement Unfinished
Flooring Vinyl-Linoleum
Fuel Type Gas-Natural
Total Stories 3
Half Baths 3
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Exterior
Lot Features Level Lot
Water Source Public Water
Total Parking 0
Exterior Description Brick/Block
Building Area Total 0
Lot Dimensions 24.3X105
Lot Size Acres 0.06
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* Excluded Features
List By
TINA REBIMBAS TORRES

Listing Agent

Re/Max Lifetime Realtors

Broker

brokertinatorres@gmail.com

Email

Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/5/2025$649,999 Listed Price

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504 Springfield Ave, Newark, NJ, 07103 is a Property for Rent at $649,999 with a lot size of 0.06. 504 Springfield Ave was built in 1947. The property's zip code is 07103 which is in Newark, NJ