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Renovated 6-Family Investment Property

544 SPRINGFIELD AVE Unit ., Newark, NJ 07103

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For Sale

$1,350,000

Turnkey six-unit building with separate utilities, a full basement, and two vacant units, plus an additional lot included.

Type:General Commercial

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
Separate utilities and full basement
Zoned C2 in the Central Business District; level, open lot
Flat roof; on‑street parking (no parking provided)

We can help!

Listing Contact

CHRISTOPHER STEAD

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For Sale

$1,350,000

Turnkey six-unit building with separate utilities, a full basement, and two vacant units, plus an additional lot included.

Type:General Commercial

Added:: May 15, 2026
Days on Market:: 41
Last Refresh:: Jun 14 at 1:35 am

Property Features for 544 SPRINGFIELD AVE Unit .

General Information

Standard status: Active
Property subtype: General Commercial

Building Details

Year Built: 1930

We can help!

Listing Contact

CHRISTOPHER STEAD

Listing agent CHRISTOPHER STEAD

Listing office RE/MAX PROFESSIONALS I

Listing date May 15, 2026

Source Xome

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All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX PROFESSIONALS I

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
Separate utilities and full basement
Zoned C2 in the Central Business District; level, open lot
Flat roof; on‑street parking (no parking provided)

Overview

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.

Location Intelligence

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Local Demand

City: Newark
County: Essex
State: New Jersey
Longitude: -74.2046739
Latitude: 40.7315626

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For sale
Apartment buildings
NJ
Newark
07103
544 SPRINGFIELD AVE Unit .

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