Springfield-Belmont Multifamily Homes & Duplexes for Sale

/17
$899,900
- 8 Beds
- 5 Baths
281 Morris Ave, Newark, NJ 07103

Massive 3-Family Home on Oversized Lot " Prime Newark Location Near UMDNJ! Welcome to this exceptional investment opportunity just steps from UMDNJ in Newark! This massive 3-family property offers an unbeatable location, impressive square footage, and endless potential for both owner-occupants and savvy investors.Situated on an extra-large lot, this home boasts spacious units with high ceilings,

Carlie Carreira

EXP REALTY, LLC

(862) 358-8812

281 Morris Ave, Newark, NJ 07103
/46
$999,000 Open Sun 1PM - 4PM
- 6 Beds
- 5 Baths
198 Hunterdon St, Newark, NJ 07103

Discover this brand new two-family home ideally located near Rutgers University, University Hospital, and Downtown Newark. Each unit offers 3 bedrooms and 2 full bathrooms, including a spacious primary suite with a walk-in closet and private bath. The open floor plan features modern kitchens with quartz countertops, sleek backsplashes, and stainless steel appliances French door refrigerator,

Nilmara Borrello RE/MAX NEW MILLENNIUM GROUP

198 Hunterdon St, Newark, NJ 07103
/9
$630,000
- 6 Beds
- 3 Baths
587 Doctor Martin Luther King Junior Blvd, Newark, NJ 07102

This legal three-family property is a rare find in the heart of downtown Newark and a prime investment opportunity in a rapidly growing area. Live in one unit and rent out the others for steady income while building equity. The property features three units plus a basement with a walk-out to the street, ready to be finished for added value. Enjoy low taxes and a location surrounded by major

Moshe Wigder TWRG Realty Group/The World Realty Group

587 Doctor Martin Luther King Junior Blvd, Newark, NJ 07102
/9
$630,000
- 6 Beds
- 3 Baths
587 Dr Martin Luther King J, Newark City, NJ 07102

This legal three-family property is a rare find in the heart of downtown Newark and a prime investment opportunity in a rapidly growing area. Live in one unit and rent out the others for steady income while building equity. The property features three units plus a basement with a walk-out to the street, ready to be finished for added value. Enjoy low taxes and a location surrounded by major

Moshe Wigder TWRG REALTY GROUP

587 Dr Martin Luther King J, Newark City, NJ 07102
/10
$550,000
- 4 Beds
- 3 Baths
26 Irvine Turner Blvd, Newark, NJ 07103

Location! Location! Location! Prime location surrounding new development, particularly the newly developed 155-unit apartment development. The 1st floor level is currently being used as a house of worship. The 2nd and 3rd levels, with separate entrances, are completely gutted and await your vision and design! The property needs work. Seller financing is available.

YVONNE TAYLOR WEICHERT REALTORS

26 Irvine Turner Blvd, Newark, NJ 07103
/22
$799,900 Pre-Foreclosure
- 9 Beds
- 4 Baths
200 Bergen St, Newark, NJ 07103

Recently Renovated "Three Family Home" Vacant "Move in Condition" Located near University Hospital, Colleges & Newark Downtown Features Hardwood Floors, Central Heat, & much more - Low Property Taxes

Joaquim Ferreira CORNERSTONE REALTY ASSOCIATES

200 Bergen St, Newark, NJ 07103

New Jersey Newark Springfield-Belmont

Why Live in Springfield-Belmont

Springfield-Belmont, located in Newark's Central Ward, is a small residential neighborhood known for its strong community feel and varied grand architecture, particularly along Martin Luther King Boulevard. This area features historic buildings such as the art deco Arts High School, the Cathedral of St. James AME Church, and the Victorian-style Krueger-Scott Mansion. The neighborhood is less than 20 miles from Midtown Manhattan, providing convenient access to New York City. Housing options include 21st-century townhomes, apartments, and older multifamily rowhomes, with a notable presence of townhomes and condos. Proximity to University Hospital makes it a popular choice for medical professionals. Springfield-Belmont is also one of the more affordable neighborhoods in Newark. <br><br>For education, Arts High School, the nation's first public arts high school, offers programs in drama, dance, visual art, and music. Other schools include American History High and Central High School, with private options like St. Benedict's Preparatory and St. James Preparatory nearby. <br><br>Things to do in Springfield-Belmont include visiting Nat Turner Park, Newark's largest city-owned park, and enjoying recreational facilities like the Hayes Park West Recreation Center and Jesse Allen Park. Local amenities include a ShopRite, Dollar Tree, and various fast-food chains, while dining options feature King Fish Market and Vonda's Kitchen. Cultural attractions such as The Newark Museum of Art and the New Jersey Performing Arts Center are also nearby. Community resources include the John F. Kennedy Recreation Center and the New Community Recreation Center, which offer various programs and services for residents. The Newark Public Library's Springfield branch provides additional community activities and resources.

Learn more about living in Springfield-Belmont

Home Trends in Springfield-Belmont, NJ

On average, homes in Springfield-Belmont, Newark sell after 36 days on the market compared to the national average of 49 days. The median sale price for homes in Springfield-Belmont, Newark over the last 12 months is $340,000, up 5% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$340,000

Median Single Family Sale Price

$484,450

Median Townhouse Sale Price

$445,000

Median 2 Bedroom Sale Price

$319,000

Average Price Per Sq Ft

$282

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

3.10

Median List Price

$330,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

How to Buy a Home How to Finance a Home How to Sell a Home

In Springfield-Belmont, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $550,000 to $999,000, there's something for every budget. As of May, 2025 the median home price in Springfield-Belmont, Newark is $330,000, while the average sale price is $351,483, providing insight into local market trends. On average, multi-family homes spend 36 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Springfield-Belmont, Newark.

Multi-Family Homes in Nearby Neighborhoods

Multi-Family Homes in Nearby Cities

Multi-Family Homes in Nearby Counties

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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 Ten-X 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, Inc.

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