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$1,300,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 5 Total Beds
  • Updated 16 hours ago
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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 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: Today (8/27/2026)
  • Added to Site: Today

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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Listing agent

— 721 Springfield Ave —

  • Realty 33, Llc

973-762-9000

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

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 for 721 Springfield Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,998
7%
$200,000
—
2023
$7,456
—
$200,000
—
2022
$7,472
—
$200,000
—
2021
$7,468
-7%
$200,000
—
2020
$8,067
3%
$200,000
-6%
2018
$7,840
-2%
$212,300
—
2019
$7,985
6%
$212,300
—
2017
$7,558
3%
$212,300
—
2016
$7,303
4%
$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.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Realty 33, Llc

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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.

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