Commercial Real Estate for Sale at 544 Springfield Ave in Newark City, NJ for $1,200,000

Listing data updated March 5, 2026 - 9:46pm
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544 Springfield Ave | Newark City

$1,200,000 | 7 Baths (7 Half) | 0.0 Sq. Ft.

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. GSMLS 4012808

Directions to property: S. 10th St. to Springfield Ave.

MLS Listing ID: 
GSMLS 4012808
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,200,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Newark City
Address: 
544 Springfield Ave, Newark City, NJ 07103-1746, U.S.A.
County: 
Essex
Latitude: 
40.7314400
Longitude: 
-74.2046200
Directions: 
S. 10th St. to Springfield Ave.
Public Remarks: 
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.
Building Details
Details about the building on a property.
Stories: 
0.0
Year Built: 
1930
Living Area: 
0.0
Basement: 
Finished, Full
Construction
Construction Materials: 
Brick/Block
Roof: 
Flat
Exterior: 
Brick/Block
Energy Information: 
Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
7
Total Half-Bathrooms: 
7
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units, See Remarks
Heating System Fuel: 
Gas-Natural
Cooling System: 
4+ Units
Water Source: 
Public Water
Sewer: 
Public Available
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.04
Lot Size (Dimensions): 
31.11X60.7
Waterfront: 
0
Lot Features
Driveway: 
On-Street Parking, See Remarks
Parking Type: 
On-Street Parking, See Remarks
Public Record
Parcel Number: 
1614-00314-0000-00003-0000-
Lot Number: 
3
Annual Tax: 
$10,305.00
Property Zoning: 
C2
Contract Details
Details about the listing contract.
Possession: 
TBD
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
RE/MAX PROFESSIONALS I

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