492 Springfield Ave Newark, NJ $ 749,000
492 Springfield Ave
$ 749,000
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492 Springfield Ave

Newark, NJ, 07103
$ 749,000
Bedrooms-- Baths-- Sq 1,850

Monthly Estimate*

$ 4,612

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Commercial Property for sale in Newark, NJ

for $749,000 with 3 half baths. This 1,850 square foot building was built on a lot size of 0.04.

Turnkey Mixed-Use Gem on Springfield Avenue! Welcome to 492 Springfield Avenue in Newark, NJ an exceptional investment opportunity combining strong income potential with prime commercial exposure. This versatile property features two generously sized residential units, each offering 3 bedrooms and 1 full bath, thoughtfully designed with separate utilities to maximize convenience and efficiency. The street-level commercial space presents endless possibilities perfect for retail, office, or service use while benefiting from outstanding visibility along one of the West Side's most active corridors. High foot and vehicle traffic make this an ideal setting for attracting steady business. Ideally located near public transportation, schools, shopping, and neighborhood amenities, this property appeals to both quality tenants and thriving businesses alike. Positioned in a rapidly developing area, it offers incredible upside for investors, owner-occupants, or entrepreneurs seeking a dynamic live-work setup. A rare chance to secure a high-performing asset in one of Newark's growing districts don't let this opportunity pass you by!

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Commercial Active

Price

$ 749,000

Half Bath

3

Property Type

Commercial

Taxes

$ 7,730

Style

MixedUse

Lot Size

0.04

Town/City

Newark

County/Region

Essex

MLS | Web ID

4023832

Features
General
Sewer Public Sewer
Construction See Remarks Wood
Heating 3 Units
Cooling Central Air
Utilities Electric Gas-Natural
Possession At Closing
Roof Flat Rubberized
Zoning Commercial
Year Built 9999
Township Newark City
Property Type Mixed Use MixedUse
Tax Year 2025
Ownership Fee Simple
Location Business District
County Essex
Status Active
Directions 18th Ave to S 12th St then Springfield Ave
Number Of Units Total 3
Tax Annual Amount 7730
Drive On-Street Parking
Leasable Area 0
Standard Status Active
Tax Assessed Value 193300
Town # 1614
Tax Lot 18
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Interior
Basement Unfinished
Flooring Wood
Fuel Type Gas-Natural
Total Stories 3
Half Baths 3
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Exterior
Lot Features Irregular Lot
Water Source Public Water
Exterior Description Vinyl Siding
Building Area Total 1850
Lot Dimensions 25X75.6
Lot Size Acres 0.04
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* Excluded Features
List By
EYAL LEVY

Listing Agent

Keller Williams Park Views

Broker

INFO@Thelevteam.com

Email

Affordability Calculator

$5,256
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,612
Monthly Property Taxes
$644
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
Pricing History
DatePricePrice ChangeDescription
4/28/2026$749,000 Listed Price

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492 Springfield Ave, Newark, NJ, 07103 is a Commercial Property for sale at $749,000 with 1,850 sqft and a lot size of 0.04. The property's zip code is 07103 which is in Newark, NJ