# 544 Springfield Ave, Newark City, NJ 07103-1746

> **TL;DR:** commercial, $1,200,000, built 1930.
> Basement. Est. $5,200/mo. Listed 36 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,200,000 |
| Year Built | 1930 |
| Lot Size | 1,742 sqft (0.04 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 36 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,200 |
| **Total** | **$5,200** |

## Key Amenities

- Basement

## Property Highlights

- Built in 1930
- 0.04 acre lot

## Description

### Agent 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

- **Address:** 544 Springfield Ave, Newark City, NJ 07103-1746
- **County:** Essex
- **Coordinates:** 40.73144, -74.20462
- **Google Maps:** https://www.google.com/maps?q=40.73144,-74.20462

## Listing Agent

- **Name:** CHRISTOPHER STEAD
- **Brokerage:** RE/MAX PROFESSIONALS I
- **Phone:** 9734504000
- **Email:** jvelasquezreo@verizon.net

## Primary Photo

![544 Springfield Ave - Primary Photo](http://lh.rdcpix.com/55fccfc822cbb0babaae2ceaa708916fl-f1878565212r.jpg)

*21 total photos available on [listing page](https://www.propertysimple.com/listing/544-springfield-ave-newark-city-nj-07103-1746-4012808)*

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**MLS#:** 4012808 | **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/544-springfield-ave-newark-city-nj-07103-1746-4012808)

---

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