721 Springfield Ave, Newark, NJ 07103 - Photo 1

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$1,300,000

For Sale
Active
Multi-Family
5 Total Beds

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Property Description

Rare and premier opportunity to own a prime piece of Newark real estate at 721 Springfield Ave, situated directly in a rapidly transforming municipal redevelopment zone. Offered at $1.3M, this property boasts an ultra-visible, high-traffic location with immense upside. Strategically positioned on a block where two surrounding plots of land are also located within the redevelopment footprint, this site offers savvy buyers a front-row seat to future area assemblage and massive neighborhood expansion. Capitalize on Newark's major revitalization momentum, favorable commercial/mixed-use zoning, and maximum brand exposure. Being sold strictly AS-IS. Buyer is responsible for all municipal certificates, variances, and due diligence. Secure this anchorlocation before the surrounding area fully booms!

Full Property Details

Full Property Details for 721 Springfield Ave

General

Price: $1,300,000
Taxes: $7,998 (2025)
Status: Active
Type: Multi-Family
Source: Garden_State
MLS ID: 4049071
Updated: 8/27/2026
Added to Site: 47 day(s) ago

Interior

Number of Rooms: 10

Rooms

Bathrooms

Total Bathrooms: 4
Full Bathrooms: 2
Half Bathrooms: 2

Bedrooms

Total Bedrooms: 5

Location

County: Essex
Driving Directions: Corner of springfield n s 20th st

Heating & Cooling

Cooling Type: See Remarks
Heating Type: See Remarks
Heating Fuel: See Remarks

Utilities

Sewer: See Remarks
Water: See Remarks
Utility Description: See Remarks

Structural Information

Architectural Style: 2-Two Story
Exterior Const.: Brick, See Remarks
Basement: Yes
Basement Desc.: Walk-Out
Roof: See Remarks

Unit Information

Unit 1

Unit Description: See Remarks
Square Feet: 1234
Levels/Stories: 1
Total Bathrooms: 1

Unit 2

Unit Description: See Remarks
Square Feet: 2222
Levels/Stories: 1
Total Bathrooms: 1

Unit 3

Unit Description: Bedrooms, Kitchen, Living Room
Square Feet: 1234
Levels/Stories: 2
Fireplaces: 8
Total Bathrooms: 1
Bedrooms: 3

Unit 4

Unit Description: Bedrooms, Kitchen, Living Room
Square Feet: 1234
Levels/Stories: 2
Total Bathrooms: 1
Bedrooms: 2

Lot Features

Lot Size (Acres): 0.06
Lot Dimensions: 32.10 x 80
Driveway/Sidewalk: On-Street Parking, See Remarks
Zoning: Commercial re
Lot Description: Corner

Financial Considerations

Operating Expenses: $12,600
Assessment Amount: $134,000
Land Assmt: $66,000
Tax Amount: $7,998
Tax Year: 2025

Disclosures and Reports

Block: 2640
Lot Number: 38

Listed by Realty 33, Llc

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— 721 Springfield Ave —

Realty 33, Llc

973-762-9000

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NMLS#: 1598647

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Schools

Schools serving 721 Springfield Ave

School District:Newark City School District

Name	Grades	Distance
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112	K-6	0.8 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	1 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	1.1 mi
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103	9-12	1.1 mi
West Side High School 403 South Orange Avenue, Newark, NJ 07103	9-12	1.1 mi
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108	9-12	1.4 mi
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	1.1 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	1.2 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	1.3 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 721 Springfield Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

8/27/2026

Listed

$1,300,000

420%

MLS

10/15/2009

Sold

$250,000

—

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

Tax History for 721 Springfield Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$7,998

$200,000

—

2023

$7,456

—

$200,000

—

2022

$7,472

—

$200,000

—

2021

$7,468

-7%

$200,000

—

2020

$8,067

$200,000

-6%

2018

$7,840

-2%

$212,300

—

2019

$7,985

$212,300

—

2017

$7,558

$212,300

—

2016

$7,303

$212,300

—

2015

$7,025

12%

$212,300

—

2013

$6,269

—

$212,300

—

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.

Estimate the Cost

Estimate the Cost for 721 Springfield Ave

721 Springfield Ave, Newark, NJ 07103 (MLS# 4049071) is a Multi-Family property with 4 units containing 5 bedrooms, 2 full bathrooms and 2 partial bathrooms. 721 Springfield Ave is currently listed for $1,300,000 and was received on August 27, 2026. Want to learn more about 721 Springfield Ave? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

Tour this property

721 Springfield Ave Newark, NJ 07103

Full Property Details for 721 Springfield Ave

General

Interior

Rooms

Bathrooms

Bedrooms

Location

Heating & Cooling

Utilities

Structural Information

Unit Information

Unit 1

Unit 2

Unit 3

Unit 4

Lot Features

Financial Considerations

Disclosures and Reports

Quickly Find Out More

Quickly Find Out More

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Schools serving 721 Springfield Ave

Price & Sales History for 721 Springfield Ave Get Price Alerts and Save Property

Tax History for 721 Springfield Ave

Estimate the Cost for 721 Springfield Ave

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