Renovated 6-Family Investment
544 SPRINGFIELD AVE Unit . Newark, NJ 07103
544 SPRINGFIELD AVE Unit ., Newark, NJ, 07103
$1,350,000
For Sale
$1,350,000
Turnkey six-unit building with separate utilities, a full basement, and two vacant units, plus an additional lot included.
Days on Market82
Property Features for 544 SPRINGFIELD AVE Unit .
General Information
- Standard status
- Active
- Property subtype
- General Commercial
Building Details
- Year Built
- 1930
Listing Agency
RE/MAX PROFESSIONALS I
(732) 501-0841
Listed by
CHRISTOPHER STEAD
(732) 501-0841
Source
Xome
Added: Apr 27 Checked: Jun 14 at 1:35 am
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 RE/MAX PROFESSIONALS I
Investment Insights
Based on property information with market context.
This fully renovated 6-family property offers a total of 12 bedrooms and 7.5 baths. The building is designed for practical rental management with separate utilities and includes a full basement. There are two vacant units available, giving an owner the opportunity to place new tenants after renovations and turnover. The sale is also reported to include an additional lot next door.
The property is located in Newark, New Jersey, with access to highways, transportation, shopping, and downtown Newark as described in the listing remarks. This combination of amenities and connectivity may support a range of residential rental demand drivers for tenants seeking convenient commutes and nearby services.
For buyers looking for a residential income asset, the fully renovated condition, separate utilities, and existing basement space are key operational considerations. With two units currently vacant, the building can be positioned for immediate leasing activity while the remaining units continue to support ongoing income. The included additional lot next door may also provide added flexibility for ownership plans, subject to local requirements and due diligence.
The property is located in Newark, New Jersey, with access to highways, transportation, shopping, and downtown Newark as described in the listing remarks. This combination of amenities and connectivity may support a range of residential rental demand drivers for tenants seeking convenient commutes and nearby services.
For buyers looking for a residential income asset, the fully renovated condition, separate utilities, and existing basement space are key operational considerations. With two units currently vacant, the building can be positioned for immediate leasing activity while the remaining units continue to support ongoing income. The included additional lot next door may also provide added flexibility for ownership plans, subject to local requirements and due diligence.
Key Highlights
- Fully renovated 6‑family investment property with 12 bedrooms and 7.5 baths
- Includes two vacant units for potential rental upside
- Sale includes an additional lot next door
Property Analytics
Property Profile
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FAQs
What type of property is this?
Apartment building - Turnkey six-unit building with separate utilities, a full basement, and two vacant units, plus an additional lot included.
Where is this apartment building located?
The property is located at 544 SPRINGFIELD AVE Unit . Newark, NJ.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully renovated 6‑family investment property with 12 bedrooms and 7.5 baths; Includes two vacant units for potential rental upside; Sale includes an additional lot next door
