21
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$1,200,000
Est. payment /mo
1,742 Sqft Lot
Active
544 Springfield Ave Newark City, NJ 07103
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4012808
Year Built 1930
Annual Tax Amount $10,305
Tax Year 2025
Lot Size 1,742 Sqft
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.
Location
State NJ
County Essex
Zoning C2
Rooms
Basement Finished, Full
Interior
Heating Gas-Natural
Cooling 4+ Units
Equipment Smoke Detector, Sprinkler System
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas-Natural
Roof Type Flat
Building
Lot Description Level Lot, Open Lot
Sewer Public Available
Water Public Water
Others
Ownership Fee Simple
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