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$649,999
504 Springfield Avenue, Newark, NJ, 07103
MLS# 26010619
0.059 acres (2,552 sqft)
Lot Size
Commercial — Retail
Property Type
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 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 unit - 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.)
Tax & Financial Information
| Annual Property Taxes | $10,713 (NJ Public Records) |
| Tax Assessment | $281,700 |
| Land Assessment | $52,800 |
| Listed | March 30, 2026 |
Listing Information
Listing Office: RE/MAX Lifetime Realtors — 908-688-2828
Listing Agent: Tina Torres — 973-332-3022 — BrokerTinaTorres@gmail.com
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 4/24/2026.
Total Monthly Cost
$5,078/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $130,000 | Loan: $519,999
Estimates for informational purposes only. Insurance, maintenance, and flood costs are approximations. Consult a lender and insurance agent for accurate quotes.
Commute From This Home
Newark
Northeast Corridor / PATH
Newark Penn Station
Commute times are peak-hour estimates based on NJ Transit schedules and typical traffic. Actual times may vary. Drive times assume weekday morning rush hour.
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