Excellent Mixed-Use Investment Opportunity! This spacious property features a first-floor retail space plus two residential apartments on the second and third floors. Each residential unit offers the potential for up to 4 bedrooms, along with a living room and eat-in kitchen. The second- and third-floor units have newer furnaces, while the first-floor retail space is equipped with central air and forced hot-air heat. The property already has its Certificate of Continued Occupancy (CCO). Great opportunity for an investor or owner-user. See floor plans for additional details and layout.
West Side, located between Branch Brook Park and Irvington, is a residential and commercial Newark neighborhood with broad, tree-lined blocks and a strong corridor feel. The neighborhood’s character concentrates along South Orange Avenue at Sanford Avenue, where corner groceries, barbershops, takeout counters, and bus stops keep the sidewalks in motion. Housing reads as early-20th-century: brick rowhouses, two- and three-family homes, and small apartment buildings with stoops and bay windows. Branch Brook Park’s paths and lake edges set a green counterpoint to the denser streets. Pillars nearby include the New Jersey Performing Arts Center, Newark Museum of Art, and Newark Symphony Hall, tying daily life to the city’s cultural calendar. Transit lines along South Orange Avenue and Springfield Avenue connect the area to Downtown and neighboring districts.
Provided by Walk Score and Local Logic
Market insights
504 Springfield Ave · $649,900
DAYS ON MARKET
23 days
The average home goes pending in 63 days.
SALE-TO-LIST
100.1%
Most homes are selling 0% above list price.
LIST PRICE
$649,900
Median list price in this area is $726,493. (12% higher than this home)
PRICE DROP
0 price drops
9% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Bathroom
Bedroom
Living
Interior features
Unbranded virtual tour available
Exterior features
Flat roof
Home design
Residential income property
Mixed-use property
Electricity and solar
View estimated energy costs and solar savings for this home