# 504 Springfield Ave, Newark City, NJ 07103-2021

> **TL;DR:** commercial, $649,999, built 1947.
> Basement. Est. $2,817/mo. Listed 11 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $649,999 |
| Year Built | 1947 |
| Lot Size | 2,614 sqft (0.06 acres) |
| Stories | 3 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 11 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,817 |
| **Total** | **$2,817** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1947
- 0.06 acre lot
- 3 stories

## Description

### Agent Description
Mixed-Use Building: Taxes 10,713  Lot 24x105 offers both commercial and residential income opportunities. The first floor retail unit previously occupied by a pharmacy, making it an excellent opportunity for a variety of potential businesses. The 2nd and 3rd floors each include large, residential apartments with 3 or potential for 4 bedrooms 1 bathroom. (Note: some bedrooms do not include a closet.) These units offer high ceilings, generous layouts, & both front and rear stair access.  Separate utilities, Unfinished basement w/ bilco door. Building upgrades completed in 2006, including updated electrical systems, central air, hot water baseboard heating. The property is being sold as-is, presenting a fantastic opportunity for an investor or owner-occupant to add value and maximize income. Store Rent Potential $2,500 - $3,000 - (Potential Annual Income $100,000 -$110,000(+/-)  - Total  4,700 sq ft (+/-) Basement is 1,229 sq ft Retail Floor is 1,099 Sq ft - 2nd Floor Unit is 1,184sqft, 3rd Floor Unit is 1,184 sq ft (SQ FT Measurement calculated by the Matterport System and should be approx.

## Location

- **Address:** 504 Springfield Ave, Newark City, NJ 07103-2021
- **County:** Essex
- **Coordinates:** 40.73182, -74.20265
- **Google Maps:** https://www.google.com/maps?q=40.73182,-74.20265

## Listing Agent

- **Name:** TINA REBIMBAS TORRES
- **Brokerage:** RE/MAX LIFETIME REALTORS
- **Phone:** 9086882828
- **Email:** brokertinatorres@gmail.com

## Primary Photo

![504 Springfield Ave - Primary Photo](http://lh.rdcpix.com/b9234ab057a6e5f3045bcd6f14f3e8fal-f867653824r.jpg)

*28 total photos available on [listing page](https://www.propertysimple.com/listing/504-springfield-ave-newark-city-nj-07103-2021-4017527)*

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**MLS#:** 4017527 | **Updated:** 2026-04-24
**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/504-springfield-ave-newark-city-nj-07103-2021-4017527)

---

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