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$649,999 Just Listed

  • For Sale
  • Active
  • Commercial
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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 3 or potential for 4 bedrooms 1 bathroom. (Note: some bedrooms do not include a closet.) These units offer high ceilings, generous layouts, & both front and rear stair access. Separate utilities, Unfinished basement w/ bilco door. Building upgrades completed in 2006, including updated electrical systems, central air, hot water baseboard heating. 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 - (Potential Annual Income $100,000 -$110,000(+/-) - 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.

Full Property Details for 504 Springfield Ave

General

  • Price: $649,999
  • Taxes: $10,713 (2024)
  • Status: Active
  • Type: Commercial
  • Source: Garden_State
  • MLS ID: 4017527
  • Updated: 4/4/2026
  • Added to Site: 6 day(s) ago

Business

  • Includes: Building & Land

Rental Information

  • Lease/Rent Term: Gross
  • Lease Terms: Month-To-Month

Interior

  • Flooring: Vinyl-Linoleum

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Restrooms: 3

Additional Information

  • Equipment: See Remarks, Sign - Roof, Smoke Detector

Parking

  • Parking: None, On-Street Parking

Location

  • County: Essex
  • Driving Directions: Springfield Ave - Near Home Depot
  • Location Details: Business District

Heating & Cooling

  • Cooling Type: 1 Unit, Central Air Conditioning
  • Heating Type: 3 Units, Baseboard - Hotwater, Forced Hot Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas, Garbage Included

Structural Information

  • Construction: Brick/Block
  • Exterior Const.: Brick/Block
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Roof: Flat
  • Stories in Building: 3
  • Year Built: 1947
  • Remodeled/Updated: 2006

Unit Information

  • Units w/Full Bath: 2
  • Units w/Half Bath: 1

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size: 24.3X105
  • Permitted Use: Mixed
  • Zoning: Mixed Use
  • Lot Description: Level Lot

Financial Considerations

  • Expenses: Maintenance - Exterior, Maintenance - Interior, Snow Removal, Taxes, Water/Sewer
  • Operating Expenses: $17,413
  • Assessment Amount: $281,700
  • Land Assmt: $52,800
  • Tax Amount: $10,713
  • Tax Year: 2024
  • Owner Pays: Sewer, Snow Removal, Trash Removal, Water
  • Tenant Pays: Electric, Heat
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: No Documents Available
  • Disclosures: Yes
  • APN: 1614-00307-0000-00012-0000-
  • Block: 307
  • Lot Number: 12

Listed by Re/Max Lifetime Realtors

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Listing agent

— 504 Springfield Ave —

  • Re/Max Lifetime Realtors

908-688-2828

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 504 Springfield Ave

School District:Newark City School District
NameGradesDistance
Harriet Tubman Elementary School
504 South 10th Street, Newark, NJ 07103
PK-40.2 mi
Avon Avenue School
219 Avon Avenue, Newark, NJ 07108
7-80.4 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-80.4 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-120.5 mi
West Side High School
403 South Orange Avenue, Newark, NJ 07103
9-120.7 mi
Malcolm X Shabazz High School
80 Johnson Avenue, Newark, NJ 07108
9-121 mi
Cleveland Elementary School
388 Bergen St, Newark, NJ 07103
K-60.4 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-80.8 mi
Belmont-Runyon Elementary School
1 Belmont Runyon Way, Newark, NJ 07108
K-81.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 504 Springfield Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/30/2026
Listed
$649,999
124.91%
MLS
8/01/2006
Sold
$289,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 504 Springfield Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,713
2%
$281,700
—
2023
$10,502
—
$281,700
—
2022
$10,524
—
$281,700
—
2021
$10,519
27%
$281,700
-13%
2021
$8,314
-30%
$322,100
—
2018
$11,895
4%
$322,100
—
2017
$11,467
3%
$322,100
—
2016
$11,080
4%
$322,100
—
2015
$10,658
-12%
$322,100
—
2019
$12,114
27%
$322,100
—
2013
$9,512
—
$322,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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504 Springfield Ave, Newark, NJ 07103 (MLS# 4017527) is a Commercial property. 504 Springfield Ave is currently listed for $649,999 and was received on March 30, 2026. Want to learn more about 504 Springfield Ave? Do you have questions about finding other Commercial real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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