Rare and premier opportunity to own a prime piece of Newark real estate at 721 Springfield Ave, situated directly in a rapidly transforming municipal redevelopment zone. Offered at $1.3M, this property boasts an ultra-visible, high-traffic location with immense upside. Strategically positioned on a block where two surrounding plots of land are also located within the redevelopment footprint, this site offers savvy buyers a front-row seat to future area assemblage and massive neighborhood expansion. Capitalize on Newark's major revitalization momentum, favorable commercial/mixed-use zoning, and maximum brand exposure. Being sold strictly AS-IS. Buyer is responsible for all municipal certificates, variances, and due diligence. Secure this anchorlocation before the surrounding area fully booms!
Active
$1,300,000
721 Springfield Ave, Newark City, NJ 07103
5beds
5,924sqft
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$219/sqft
$-- HOA
What's special
- 4 days
- 105
- 0
Zillow last checked:
Listing updated:
Listed by:
Onyemaechi Okafor 973-762-9000,
Realty 33, Llc
Source: GSMLS,MLS#: 4049071
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2.2
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- See Remarks
Cooling
- See Remarks
Appliances
- Included: See Remarks
Features
- See Remarks, Bedrooms, Kitchen, Living Room
- Basement: Yes,Walk-Out Access
- Number of fireplaces: 8
Interior area
- Total structure area: 5,924
- Total interior livable area: 5,924 sqft
Property
Parking
- Parking features: On Street, See Remarks
Features
- Levels: Two
- Stories: 2
Lot
- Size: 2,613 Square Feet
- Dimensions: 32.10 x 80
- Features: Corner Lot
Details
- Parcel number: 1614026400000000380000
- Zoning description: Commercial re
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, See Remarks
- Roof: See Remarks
Utilities & green energy
- Sewer: See Remarks
- Water: See Remarks
- Utilities for property: See Remarks
Community & HOA
Location
- Region: Newark
Financial & listing details
- Price per square foot: $219/sqft
- Tax assessed value: $200,000
- Annual tax amount: $7,998
- Date on market: 8/27/2026
- Total actual rent: 21109
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Listed for sale | $1,300,000$219/sqft |
Source:  GSMLS #4049071 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: West Side
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