$10,000 Closing Credit¹
Oscar Nunez-Paz, Listing Office: Lifestyle International Realty
#24038454·
Listing Office: Signature Realty NJ LLC·
Listing Agent: Claudia Brombauer·
Listing Office Phone: (973) 921-1111
$10,000
closing credit¹
492 Springfield Ave Newark, NJ 07103
$950,000 List price
$10,000
Closing credit¹
6 beds
2 full, 1 partial
Multi-Family
Property details
About 492 Springfield Ave
Prime Mixed-Use Opportunity on Springfield AvenueWelcome to 492 Springfield Avenue, Newark, NJ a versatile mixed-use property offering a perfect blend of commercial potential and residential income. This well-positioned building features two spacious apartments, each boasting 3 bedrooms and 1 bath, with separate utilities for convenience and flexibility. The ground-level commercial space is ideal for retail, office, or service businesses, benefiting from high visibility on a bustling thoroughfare in the vibrant West Side neighborhood. With its proximity to public transportation, schools, shops, and other amenities, this property is a magnet for both tenants and customers. Situated in an area of growth and development, it presents a unique opportunity for investors, business owners, or those seeking a live-work space. Don't miss your chance to own a high-potential property in the heart of Newark!
Highlights
Home typeMulti Family
StatusActive
MLS #24038454
Summary
- MLS Number: 24038454
- Office Name: Signature Realty NJ LLC
- Office Phone: (973) 921-1111
- Listing Agent: Claudia Brombauer
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.
Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 6:22:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$950,000
492 Springfield Ave
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 09, 2018 | Home Sold | $160,000 |
| Mar 14, 2006 | Home Sold | $417,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2020 | $218,500 | $5,579 |
| 2019 | $218,500 | $8,069 |
| 2018 | $218,500 | $7,778 |
| 2017 | $218,500 | $7,778 |
History based on county public records data.
Nearby schools
2
Harriet Tubman Elementary School
Public District PK-6
0.2 mi
•504 S 10th St
2
Grove Street Elementary School
Public District PK-5
0.7 mi
•602 Grove St
5
Sir Isaac Newton Elementary School
Public District PK-1
0.8 mi
•150 Newton St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $51,978. Residents of Newark, NJ typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
33%
<35k
54%
35k-100k
13%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
40%
Single, No Kids
37%
Single, with Kids
9%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
12%
12-17 yrs old
28%
18-34 yrs old
34%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
Burlington
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
White Castle
What do the neighbors drive?
Dodge
Nissan
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 492 Springfield Ave in Newark, NJ and zip code 07103 in the West Ward neighborhood. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 16, 2024 and is currently priced at $950,000.
In December 2024 more than 17 listings in Newark, NJ were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 8 were sold below. The number of listings in Newark, NJ increased by 10.8% between November and December 2024. Listings spent 31 days on the market in December 2024, and had a median list price of $440,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.