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544 Springfield Ave Newark, NJ $ 1,200,000
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$ 1,200,000 Get more info
544 Springfield Ave
$ 1,200,000
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544 Springfield Ave

Newark, NJ, 07103
$ 1,200,000
Bedrooms-- Baths--

Monthly Estimate*

$ 7,389

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Commercial Property for sale in Newark, NJ

for $1,200,000 with 7 half baths. This building was built in 1930 on a lot size of 0.04.

Fully Renovated 6-Family Multifamily Investment Opportunity in Newark NJ. 12 Bedrooms 7.5 Baths Turnkey Income-Producing Asset. Strong cash flow with two vacant units offering immediate lease-up and rental upside: updated interiors, separate utilities, and solid in-place income. A full basement adds storage and potential value. Prime location near major highways, public transportation, shopping, and downtown Newark. High-demand rental market with strong long-term appreciation and portfolio growth potential.

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Commercial Active

Price

$ 1,200,000

Half Bath

7

Property Type

Commercial

Taxes

$ 10,305

Style

Apartment Complex

Lot Size

0.04

Year Built

1930

Town/City

Newark

County/Region

Essex

MLS | Web ID

4012808
Features
General
Sewer Public Available
Construction Brick/Block
Heating 4+ Units See Remarks
Cooling 4+ Units
Utilities Gas-Natural
Possession TBD
Roof Flat
Zoning C2
Year Built 1930
Township Newark City
Property Type Apartment Complex Apartment Complex
Tax Year 2025
Ownership Fee Simple
Location Business District Residential Area
County Essex
Status Active
Directions S. 10th St. to Springfield Ave.
Number Of Units Total 6
Tax Annual Amount 10305
Drive On-Street Parking See Remarks
Leasable Area 0
Standard Status Active
Tax Assessed Value 257700
Town # 1614
Tax Lot 3
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Interior
Basement Finished Full
Fuel Type Gas-Natural
Total Stories 0
Half Baths 7
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Exterior
Lot Features Level Lot Open Lot
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 0
Lot Dimensions 31.11X60.7
Lot Size Acres 0.04
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* Excluded Features
List By
CHRISTOPHER STEAD

Listing Agent

Re/Max Professionals I

Broker

Affordability Calculator

$8,247
Per Month
90%
10%
0%
Monthly Principal & Interest
$7,389
Monthly Property Taxes
$859
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/6/2026$1,200,000 Listed Price

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544 Springfield Ave, Newark, NJ, 07103 is a Commercial Property for sale at $1,200,000 with a lot size of 0.04. 544 Springfield Ave was built in 1930. The property's zip code is 07103 which is in Newark, NJ

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