Mixed-Use Apartment and Retail
For Sale
Contact for pricing
883 Springfield Ave, Irvington, NJ 07111
Twelve-unit mixed-use property with eight renovated apartments and four retail spaces.
Property SizeContact for details
Days on Market122
Property Features for 883 Springfield Ave
General Information
Standard status
Active
Property subtype
Mixed Use, Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
8
Building Details
Tenancy
Multi
Listing Agency:
Providence Real Estate Advisors
Listed By:
Daniel Aviles · License #NJ 1431064
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 5:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Providence Real Estate Advisors
Investment Insights
Based on property information with market context.
This 12-unit mixed-use property includes eight three-bedroom apartments and four retail spaces. The residential units have been renovated, with tenants responsible for their own heat/hot water and electricity. Retail units are not subject to rent control as described in the offering remarks.
The property is located at 883-889 Springfield Ave in Irvington, NJ, near major public transportation and approximately 0.1 mile east of the Garden State Parkway (Exit 143). It is also about 0.3 miles east of the Irvington Bus Terminal, with routes to Downtown Newark (15 minutes), Newark International Airport (25 minutes), and New York City (36 minutes), and roughly 2 miles to Downtown Newark.
According to the remarks, Irvington’s rent control provides for 4% annual increases on current residential units. The building is being marketed on a for-sale basis by Marcus & Millichap with exclusive marketing rights.
The property is located at 883-889 Springfield Ave in Irvington, NJ, near major public transportation and approximately 0.1 mile east of the Garden State Parkway (Exit 143). It is also about 0.3 miles east of the Irvington Bus Terminal, with routes to Downtown Newark (15 minutes), Newark International Airport (25 minutes), and New York City (36 minutes), and roughly 2 miles to Downtown Newark.
According to the remarks, Irvington’s rent control provides for 4% annual increases on current residential units. The building is being marketed on a for-sale basis by Marcus & Millichap with exclusive marketing rights.
Key Highlights
- 12‑unit mixed‑use property at 887‑889 Springfield Ave, Irvington, NJ: 8 three‑bedroom apartments and 4 retail spaces
- All residential units are renovated
- Township rent control allows 4% annual increases on current residential units (no rent control on retail units)
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 07111, NJ
61,176
Population
24,176
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
21,095
Density / Sq Mi
$59,232
Median Household Income
$37,640
Median Earnings
$1,324
Median Rent
$291,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit mixed-use property with eight renovated apartments and four retail spaces.
Where is this apartment building located?
The property is located at 883 Springfield Ave Irvington, NJ.
What are key features of this property?
This property features: 12‑unit mixed‑use property at 887‑889 Springfield Ave, Irvington, NJ: 8 three‑bedroom apartments and 4 retail spaces; All residential units are renovated; Township rent control allows 4% annual increases on current residential units (no rent control on retail units)
