---
title: "492 Springfield, Newark, NJ 07103"
description: "492 Springfield, Newark, NJ 07103 — NYC real estate listing on Real Estate Rebate Team. Priced at $749000. Est. potential buyer savings up to $18,725 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newjersey/newark/07103/492-springfield-nj-07103"
source: "Real Estate Rebate Team"
---

# 492 Springfield, Newark, NJ 07103

> **Listing Courtesy of:** Keller Williams Park Views

## Description

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!

## Property Details

- **Price**: $749000
- **Potential Buyer Rebate**: $18,725
- **Bedrooms**: 0
- **Property Type**: Retail
- **Neighbourhood**: Newark City
- **Area / Borough**: Newark
- **Subdivision**: Newark
- **Listing Office**: Keller Williams Park Views
- **State**: NJ

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$18,725** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/nj/essex/newark-city)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.