721 Springfield Ave
Newark City, NJ 07103
Price: $1,300,000
GSMLS: 4049071Type: Multi-Family
Style: 2-Two Story
Total Units: 4
Beds: 5
Baths: 2 Full & 2 Half
Garage: No
Year Built: Unknown
Acres: 0.06
Property Tax: $7,998
Description
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!
General Info
Style:
2-Two Story
SqFt Building:
n/a
Total Rooms:
10
Basement:
Yes - Walkout
Interior:
n/a
Roof:
See Remarks
Exterior:
Brick, See Remarks
Lot Size:
32.10X80
Lot Desc:
Corner
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking, See Remarks
Spaces Available:
n/a
Unit 1
Bedrooms:
n/a
Bathrooms:
1
Total Rooms:
3
Room Description:
See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
n/a
Bathrooms:
1
Total Rooms:
3
Room Description:
See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
8
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
See Remarks
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Utilities
Heating:
See Remarks
Heating Fuel:
See Remarks
Cooling:
See Remarks
Water Heater:
n/a
Water:
See Remarks
Sewer:
See Remarks
Utilities:
See Remarks
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$1,300,000
Tax Amount:
$7,998
Land Assessment:
$66,000
Build. Assessment:
$134,000
Total Assessment:
$200,000
Tax Rate:
4.00
Tax Year:
2025
Listing Information
MLS ID:
4049071
List Date:
08-27-2026
Days On Market:
7
Listing Broker:
REALTY 33, LLC
Listing Agent:
Onyemaechi Okafor
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: BerkshireHillsLiving.com
