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$649,900
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Property 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 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 (+/-) - 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. - Owner Financing available -
Full Property Details
Full Property Details for 504 Springfield Ave
General
- Price: $649,900
- Taxes: $11,265 (2025)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 4051206
- Updated: 9/28/2026
- Added to Site: 28 day(s) ago
Business
- Includes: Building & Land
Interior
- Flooring: Carpeting, Vinyl-Linoleum
Rooms
Bathrooms
- Total Bathrooms: 3
- Restrooms: 3
Additional Information
- Equipment: Appliances, Fixtures, Smoke Detector
Parking
- Parking: On-Street Parking
Location
- County: Essex
- Driving Directions: Near Home Depot on Springfield Ave
- Location Details: Business District
Heating & Cooling
- Cooling Type: 1 Unit, Central Air Conditioning
- Heating Type: 3 Units
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Construction: Brick/Block
- Exterior Const.: See Remarks
- Basement: Yes
- Basement Desc.: Bilco-Style Door, Full, Unfinished
- Roof: Flat
- Door Dimensions: 6
- Stories in Building: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Size: 24.3X105
- Permitted Use: Mix Used was Pharmacy
- Zoning: Mix Use
- Lot Description: Level Lot
Financial Considerations
- Expenses: Maintenance - Exterior, Maintenance - Interior, Taxes, Water/Sewer
- Assessment Amount: $281,700
- Land Assmt: $52,800
- Tax Amount: $11,265
- Tax Year: 2025
- Owner Pays: Maintenance-Common Area, Sewer, Water
- Tenant Pays: Electric, Gas
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: No Documents Available, See Remarks
- Disclosures: Yes
- APN: 1614-00307-0000-00012-0000-
- Block: 307
- Lot Number: 12
Listed by Re/Max Lifetime Realtors
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Schools
Schools serving 504 Springfield Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Harriet Tubman Elementary School 504 South 10th Street, Newark, NJ 07103 | PK-4 | 0.2 mi |
Avon Avenue School 219 Avon Avenue, Newark, NJ 07108 | 7-8 | 0.4 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 0.4 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 0.5 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 0.7 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 0.4 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.8 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 1.1 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
Date
Details
Price
Change
Source
9/08/2026
Listed
$649,900
124.88%
MLS
8/01/2006
Sold
$289,000
—
Public Record
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
Tax History for 504 Springfield Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,265
7%
$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
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 504 Springfield Ave
504 Springfield Ave, Newark, NJ 07103 (MLS# 4051206) is a Commercial property. 504 Springfield Ave is currently listed for $649,900 and was received on September 08, 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.

