$1,200,000

544 Springfield Avenue, Newark, NJ 07103

Commercial Property
Built in ——
—— sqft lot
—— car garage
$——/sqft
Listed 19 days ago

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.

Listing Status:: Active
Date Added:: March 5, 2026
Data Last Updated:: March 24, 2026 at 3:03PM
Listing Office:: RE/MAX Professionals 1 : 973-450-4000
Listing Agent:: Jorge Velasquez : 973-450-4000
MLS ID:: 26007224

Heating: BaseboardCentral AirGas

County: ESSEX

Utilities: Sep ElecSep GasSeperate Heat

Ownership: Corporate

This listing courtesy of Jorge Velasquez , RE/MAX Professionals 1

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Harriet Tubman Elementary School

504 S 10th St, Newark, NJ, 07103

Grades PK-6

0.25 miles away

South Seventeenth Street Elementary School

619 S 17th St, Newark, NJ, 07103

Grades KG-8

0.34 miles away

Bard Early College High School

321 Bergen St, Newark, NJ, 07103

Grades 9-12

0.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.