492 Springfield Ave, Newark City NJ 07103-2084

Property City
Newark City
Property Media
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Property Price
$749,000
Year Built
9999
Tax Annual Amount
$7730
TaxYear (*text)
2025
Roof (*text)
Flat, Rubberized
Floors No
Wood
Lot Size Area
0.04
MLS Status
Active
MLS #
4023832

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!

Yearly Tax Rate
3.999
Year Built (*numeric)
9999
Basement
Yes
Roofing (*text)
Flat, Rubberized
Days On Market
0
Basement (*text)
Yes
Cooling (*text)
Central Air
Heating
3 Units
Lot Size Dimensions
25X75.6
Property Location

40.73191, -74.2022

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buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762