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$1,350,000
544 Springfield Avenue, Newark, NJ, 07103
MLS# 26019670
0.043 acres (1,888 sqft)
Lot Size
Commercial — Industrial
Property Type
Description
Fully renovated 6-family investment property in Newark featuring 12 bedrooms and 7.5 baths. Turnkey income-producing asset with strong cash flow, separate utilities, full basement, and two vacant units offering rental upside. Sale includes an additional lot next door. Conveniently located near highways, transportation, shopping, and downtown Newark.
Tax & Financial Information
| Annual Property Taxes | $9,800 (NJ Public Records) |
| Tax Assessment | $257,700 |
| Land Assessment | $120,000 |
| Listed | May 29, 2026 |
Listing Information
Listing Office: RE/MAX Professionals 1 — 973-450-4000
Listing Agent: Jorge Velasquez — 973-450-4000 — jvelasquez21@verizon.net
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 6/6/2026.
Total Monthly Cost
$9,510/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $270,000 | Loan: $1,080,000
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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Information deemed reliable but not guaranteed. Last date updated: 10/27/2026.
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Property listings provided by GardenState.ai through authorized access to NJMLS.
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