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$749,000
492 Springfield Avenue, Newark, NJ, 07103
MLS# 26014878
0.043 acres (1,890 sqft)
Lot Size
Commercial — Retail
Property Type
Description
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!
Tax & Financial Information
| Annual Property Taxes | $7,351 (NJ Public Records) |
| Tax Assessment | $193,300 |
| Land Assessment | $50,600 |
| Listed | April 28, 2026 |
Listing Information
Listing Office: Keller Williams Park Views — 201-939-0050
Listing Agent: Eyal Levy — (201) 640-0487 — Info@Thelevteam.com
Information deemed reliable but not guaranteed. Data provided for consumer's personal, non-commercial use only. Last updated: 10/21/2026.
Total Monthly Cost
$5,435/mo
NJ has the highest property taxes in the US. This is your real cost.
Down: $149,800 | Loan: $599,200
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: 10/26/2026.
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Property listings provided by GardenState.ai through authorized access to NJMLS.
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