504 Springfield Ave, Newark City, NJ 07103
504 Springfield Ave, Newark City, NJ 07103
504 Springfield Ave, Newark City, NJ 07103
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Naveen Sharma

Naveen Sharma

+1(732) 429-0939
$649,900
Est. payment /mo
2,613 Sqft Lot
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Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4051206

Annual Tax Amount $11,265

Tax Year 2025

Lot Size 2,613 Sqft

Property Sub-Type Mixed Use

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 2nd and 3rd floors each include large, residential apartments with 3 or potential for 4 bedrooms 1 bathroom. (Note: some bedrooms do not include a closet.) These units offer high ceilings, generous layouts, & both front and rear stair access. Separate utilities, Unfinished basement w/ bilco door. Building upgrades completed in 2006, including updated electrical systems, central air, hot water baseboard heating. 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 (+/-) - 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. - Owner Financing available -

Location

State NJ

County Essex

Zoning Mix Use

Rooms

Basement Bilco-Style Door, Full, Unfinished

Interior

Heating Gas-Natural

Cooling 1 Unit, Central Air

Flooring Carpeting, Vinyl-Linoleum

Equipment Appliances, Fixtures, Smoke Detector

Heat Source Gas-Natural

Exterior

Exterior Feature See Remarks

Utilities Available Electric, Gas-Natural

Roof Type Flat

Garage No

Building

Lot Description Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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504 Springfield Ave