Date
Details
Price
Change
Source
3/05/2026
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/21
$1,200,000
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1/21
Property Description
Fully Renovated 6-Family Multifamily Investment Opportunity in Newark NJ. 12 Bedrooms 7.5 Baths Turnkey Income-Producing Asset. Strong cash flow with two vacant units offering immediate lease-up and rental upside: updated interiors, separate utilities, and solid in-place income. A full basement adds storage and potential value. Prime location near major highways, public transportation, shopping, and downtown Newark. High-demand rental market with strong long-term appreciation and portfolio growth potential.
Full Property Details
Full Property Details for 544 Springfield Ave
General
- Price: $1,200,000
- Taxes: $10,305 (2025)
- Status: Active
- Type: Apartment
- Source: Garden_State
- MLS ID: 4012808
- Updated: 3/5/2026
- Added to Site: 45 day(s) ago
Business
- Includes: Building & Land, See Remarks
Rooms
Bathrooms
- Total Bathrooms: 8
- Restrooms: 7
Additional Information
- Equipment: Smoke Detector, Sprinkler System
Parking
- Parking: On-Street Parking, See Remarks
Location
- County: Essex
- Driving Directions: S. 10th St. to Springfield Ave.
- Location Details: Business District, Residential Area
Heating & Cooling
- Cooling Type: 4+ Units
- Heating Type: 4+ Units, See Remarks
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Available
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block
- Basement: Yes
- Basement Desc.: Finished, Full
- Roof: Flat
- Year Built: 1930
- Remodeled/Updated: 2026
Unit Information
- 1 Bedroom Units: 12
- Units w/Full Bath: 7
- Units w/Half Bath: 1
Lot Features
- Lot Size (Acres): 0.04
- Lot Size: 31.11X60.7
- Permitted Use: For a 6-Family
- Zoning: C2
- Lot Description: Level Lot, Open Lot
Financial Considerations
- Assessment Amount: $257,700
- Land Assmt: $120,000
- Tax Amount: $10,305
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Leases, See Remarks
- Disclosures: Yes
- APN: 1614-00314-0000-00003-0000-
- Block: 314
- Lot Number: 3
Listed by Re/Max Professionals I
We Value Your Privacy
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Listing agent
— 544 Springfield Ave —
Re/Max Professionals I
973-450-4000
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 544 Springfield Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Harriet Tubman Elementary School 504 South 10th Street, Newark, NJ 07103 | PK-4 | 0.3 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 | 0.5 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 0.6 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 0.8 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1.1 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 0.5 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 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 544 Springfield Ave
Tax History
Tax History for 544 Springfield Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,800
2%
$257,700
—
2023
$9,607
—
$257,700
—
2022
$9,628
—
$257,700
—
2021
$9,623
33%
$257,700
—
2021
$7,254
-25%
$257,700
—
2019
$9,692
2%
$257,700
—
2018
$9,517
4%
$257,700
—
2017
$9,174
3%
$257,700
—
2016
$8,865
4%
$257,700
—
2015
$8,527
7%
$257,700
—
2014
$7,991
—
$257,700
—
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 544 Springfield Ave
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- Multi-Family
- Active
- Updated 3 days ago
- 7Total Beds
Listed by Coccia Realty Better Homes & Gardens
- Condo
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- 2Beds
- 3Total Baths
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- 3Total Baths
Listed by Pulte Communities of NJ Limited Partnership
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- Multi-Family
- Active
- Updated 3 days ago
- 9Total Beds
Listed by Harrison Realty
- Business
- Active
- Commercial
- Active
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544 Springfield Ave, Newark, NJ 07103 (MLS# 4012808) is a Apartment property. 544 Springfield Ave is currently listed for $1,200,000 and was received on March 05, 2026. Want to learn more about 544 Springfield Ave? Do you have questions about finding other Apartment real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.