Property Details

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492 Springfield Ave
Newark City, NJ 07103-2084
FOR SALE · Active
$749,000
0.04
Acres
MLS# 4023832
Cumulative Days on Market: 168 · Includes prior listings · Currently listed since 04/28/26 · Data provided by the MLS.

Property Description

Turnkey Mixed-Use Gem on Springfield Avenue! Welcome to 492 Springfield Avenue in Newark, NJ an exceptional investment opportunity combining strong income potential with prime commercial exposure. This versatile property features two generously sized residential units, each offering 3 bedrooms and 1 full bath, thoughtfully designed with separate utilities to maximize convenience and efficiency. The street-level commercial space presents endless possibilities perfect for retail, office, or service use while benefiting from outstanding visibility along one of the West Side's most active corridors. High foot and vehicle traffic make this an ideal setting for attracting steady business. Ideally located near public transportation, schools, shopping, and neighborhood amenities, this property appeals to both quality tenants and thriving businesses alike. Positioned in a rapidly developing area, it offers incredible upside for investors, owner-occupants, or entrepreneurs seeking a dynamic live-work setup. A rare chance to secure a high-performing asset in one of Newark's growing districts don't let this opportunity pass you by!

Property Highlights

Status
For Sale
Price
$ 749,000
Property Type
Commercial
Acres
0.04

Location

County
Essex

Heating, Cooling & Utilities

Heat
3 Units
Cooling
Central Air
Water
Public Water
Sewer
Public Sewer

Building Details

Outdoor Features
Vinyl Siding
Roofing
Flat

Taxes & Terms

Taxes
$7,730
Financing
Fee Simple
Listing Data last updated 10/14/2026 02:20 am
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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 14-Oct-2026 and are subject to change without notice. Interest rates provided by the St. Louis Federal Reserve Economic Data (FRED). All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
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Property History

Today
Property information last updated
168 days ago
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: 168 days (includes prior listings) · Currently listed since April 28, 2026. Data provided by the MLS.

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