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Susan Maryanski

Operator | Opulent Living | Keller Williams City Life

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492 Springfield Ave , Newark City, NJ 07103
$749,000
Est. Payment: $3,857.37/mo
0 Bed
1.5 Bath
1850 Sqft
Status: Active | Days on site: 130
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5243 - 302024
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Susan Maryanski
Operator

House 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!

Highlights

Listed by EYAL LEVY , MP KELLER WILLIAMS PARK VIEWS , 201-939-0050. Garden State MLS

Property Type

Commercial Sale

Lot/Acreage
0.04

Year Built

9999

County

Essex

Listing ID

4023832

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:1.5
  • Full Bathrooms:
  • 1/2 Bathrooms:3
Air Cond:Central Air
Fireplaces:
Floor:Wood
Basement:Unfinished
Water:Public Water

Exterior Features

Lot:Irregular Lot
Lot Dimensions:25X75.6
Zoning:Commercial
Roof:Flat, Rubberized
Others:
  • Additional:Vinyl Siding
Sewer:Public Sewer
Parking Features:On-Street Parking
Principal Interest
$3,857
Taxes
$644

Home Price

$749,000

Loan Details

30 yrs
6.677%

Down Payment

20%
$149,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,857.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,857.37 $644.17 $0.00 $4,501.54
Yearly $46,288.42 $7,730.00 $0.00 $54,018.42
Total $1,388,652.64 $231,900.00 $0.00 $1,620,552.64

Today's Rates

30 Year

6.68%

20 Year

6.59%

15 Year

6.04%

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Market insight data is pulled from the same city as the listing being viewed (Newark City, NJ).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Garden State MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-09-05T12:59:16.000Z

© 2026 Garden State MLS