About 492 Springfield Ave
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!
Features of 492 Springfield Ave
| MLS® # | 4023832 |
|---|---|
| Price | $749,000 |
| Square Footage | 1,850 |
| Acres | 0.04 |
| Year Built | 9999 |
| Type | Commercial |
| Status | Active |
Community Information
| Address | 492 Springfield Ave |
|---|---|
| City | Newark City |
| County | Essex |
| State | NJ |
| Zip Code | 07103-2084 |
Amenities
| Utilities | Electric, Gas-Natural |
|---|---|
| Parking | On-Street Parking |
Interior
| Heating | Gas-Natural |
|---|---|
| # of Stories | 3 |
| Has Basement | Yes |
| Basement | Unfinished |
Exterior
| Exterior | Vinyl |
|---|---|
| Lot Description | Irregular Lot |
| Roof | Flat, Rubberized |
Additional Information
| Date Listed | April 28th, 2026 |
|---|---|
| Zoning | Commercial |
Listing Details
| Office | KELLER WILLIAMS PARK VIEWS |
|---|---|
| Contact Info | 201-640-0487 |