# 454 Springfield Ave, Newark City, NJ 07103-2023

> **TL;DR:** commercial, $859,000 ($288/sqft), built 1940, 2,980 sqft.
> Basement. Est. $3,722/mo. Listed 7 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $859,000 |
| Price/sqft | $288 |
| Square Feet | 2,980 |
| Year Built | 1940 |
| Lot Size | 3,049 sqft (0.07 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 7 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,722 |
| **Total** | **$3,722** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1940
- 0.07 acre lot
- 2 stories

## Description

### Agent Description
Take advantage of an opportunity to diversity your portfolio owning an income producing commercial property in a highly visible location, prime redevelopment section of Newark, diagonally across from Home Depot.Includes Two storefronts (specifically a renovated barbershop paying $2,321.72 per month (annual 5% rate increase); a convenient store paying $2,600 per month)(annual increase of $1200); one upstairs office space (paying $1,906.17 per month)(annual 3% increase); and a maintenance free billboard ($1500 per month) (assumes responsibility for roof repairs). Cap rate will continually increase each year. *Sold As Is. City and State documents/ inspections are buyer's responsibility

## Location

- **Address:** 454 Springfield Ave, Newark City, NJ 07103-2023
- **County:** Essex
- **Coordinates:** 40.73224, -74.20051
- **Google Maps:** https://www.google.com/maps?q=40.73224,-74.20051

## Listing Agent

- **Name:** KEVIN JONES
- **Brokerage:** EXODUS REAL ESTATE
- **Phone:** 7327379013
- **Email:** lamptey@exodusrepm.com

## Primary Photo

![454 Springfield Ave - Primary Photo](http://lh.rdcpix.com/e4087ffdbfdd88cb4bc66ddf9802f68fl-f1225390727r.jpg)

*7 total photos available on [listing page](https://www.propertysimple.com/listing/454-springfield-ave-newark-city-nj-07103-2023-4035610)*

---

**MLS#:** 4035610 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/454-springfield-ave-newark-city-nj-07103-2023-4035610)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "454 Springfield Ave, Newark City, NJ 07103-2023",
  "description": "Take advantage of an opportunity to diversity your portfolio owning an income producing commercial property in a highly visible location, prime redevelopment section of Newark, diagonally across from Home Depot.Includes Two storefronts (specifically a renovated barbershop paying $2,321.72 per month (annual 5% rate increase); a convenient store paying $2,600 per month)(annual increase of $1200); one upstairs office space (paying $1,906.17 per month)(annual 3% increase); and a maintenance free bil",
  "url": "https://www.propertysimple.com/listing/454-springfield-ave-newark-city-nj-07103-2023-4035610",
  "image": "http://lh.rdcpix.com/e4087ffdbfdd88cb4bc66ddf9802f68fl-f1225390727r.jpg",
  "datePosted": "2026-06-25",
  "price": 859000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "454 Springfield Ave",
    "addressLocality": "Newark City",
    "addressRegion": "NJ",
    "postalCode": "07103-2023",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 40.73224,
    "longitude": -74.20051
  },
  "floorSize": {
    "@type": "QuantitativeValue",
    "value": 2980,
    "unitCode": "FTK"
  },
  "yearBuilt": 1940
}
```