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504 Springfield Ave

Newark City, NJ 07103
  • $649,999
  • STATUS: Active
  • ON SITE: 48 Days
  • MLS #: 4000508
UPDATED: 27 min ago
$649,999
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1947
County:
Area:

School Ratings & Info

Description

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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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-01-22T06:49:17.977.
www.trompeterrealestate.com/homes/171152151
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504 Springfield Ave Newark City, NJ 07103

  • Price: $649,999
  • Status: Active
  • On Site: 48 Days
  • Updated: 27 min ago
  • MLS #: 4000508
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1947
Built
County:
Essex
Area:
Newark City
Property Description
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.
Exterior Features

Approximate Lot Size 24.3X105 Available Parking Spaces 0 Construction Brick/Block Exterior Description Brick/Block Location Business District Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description NoneOn-Street Parking Roof Description Flat

Interior Features

Basement Yes Basement Description Unfinished Cooling 1 UnitCentral Air Equipment Available See RemarksSign - RoofSmoke Detector Floors Vinyl-Linoleum Heating 3 UnitsBaseboard - HotwaterForced Hot Air Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 3 Office Sq Ft 0

Property Features

Available Immediately Expenses Include Maintenance - ExteriorMaintenance - InteriorSnow RemovalTaxesWater/Sewer For Sale Or Lease For Sale Free Rent No Fuel Type Gas-Natural Gross Operating Income 102000 Lease Type Gross Monthly Maintenance Fee 100 Net Operating Income 84587 Owner Pays SewerSnow RemovalTrash RemovalWater Permitted Use Mixed Primary Property Type MixedUse Property Type Mixed Use Sale Includes Building & Land Sewer Public Sewer Suite Number 0 Tax Amount 10713 Tax Rate Amount 3.803 Tax Rate Year 2025 Tax Year 2024 Tenant Pays ElectricHeat Total Operating Expense 17413 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Approximate Zoning Mixed Use

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Re/Max Lifetime Realtors: 908-688-2828.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-01-22T06:49:17.977.
 
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