Property

Newark City, NJ 07103 492 Springfield Ave

492 Springfield Ave Newark City, NJ - Image 1492 Springfield Ave Newark City, NJ - Image 2492 Springfield Ave Newark City, NJ - Image 3
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Presented By: KELLER WILLIAMS PARK VIEWS
  • MLS# 4023832
  • 04/28/2026
  • Request Tour
  • Request Info
  • Full/Half Baths • 0 / 3
  • SQFT • 1,850

Home Details

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!
Presented By: KELLER WILLIAMS PARK VIEWS

Interior Features for 492 Springfield Ave

Bathrooms

Num Units w/Full Bath2
Num Units w/Half Bath1
Half Baths3

Other Interior Features

Price Per Sq Ft405.00
Available Sq Ft1850
Num 3 Bdrm Units2
Num 2 Bdrm Units0
Num 1 Bdrm Units
BasementUnfinished
FlooringWood
Fuel TypeGas-Natural
Total Stories3

General for 492 Springfield Ave

ConstructionSee Remarks, Wood
CoolingCentral Air
CountyEssex
Directions18th Ave to S 12th St then Springfield Ave
Documents AvailableNo Documents Available
DriveOn-Street Parking
EasementUnknown
Equipment AvailableSee Remarks, Smoke Detector
Heating3 Units
Leasable Area
LocationBusiness District
Num Apts2
Number Of Units Total3
OwnershipFee Simple
PossessionAt Closing
Property TypeMixed Use
Property TypeMixedUse
RoofFlat, Rubberized
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount7730
Tax Assessed Value193300
Tax Lot18
Tax Year2025
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Year Built9999
ZoningCommercial

Exterior for 492 Springfield Ave

Building Area Total1850
Exterior DescriptionVinyl Siding
Lot Dimensions25X75.6
Lot FeaturesIrregular Lot
Lot Size Acres0.04
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Water SourcePublic Water

Additional Details

Price History

Brian Lee

Associate
Price $749,000
MLS#4023832
List Date 04/28/2026
Property Type Commercial
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