BEDS6
BATHS2 full
MLS#4021638
STATUS
PROPERTY TYPEMulti Unit - Multiple
Property Description
Located at 581 S 17th St, Newark, NJ, this well-positioned 2-family home offers a powerful opportunity for both investors and owner-occupants. Each unit features an identical 3-bedroom, 1-bath layout with spacious living areas and strong rental appeal, making it ideal for consistent income and long-term value. The property is fully occupied on month-to-month leases, with tenants currently being assisted through professional relocation creating flexibility for a new owner to move in, set market rents, or both. For an owner-occupant, this is a prime house-hacking opportunity; live in one unit while the other helps offset your mortgage and build equity faster. Located in a commuter-friendly area with access to major highways, public transit, shopping, and dining, this property checks both lifestyle and investment boxes. From a market standpoint, multifamily demand in Newark and Essex County continues to rise, with home values increasing approximately 5?7% year-over-year and strong rental demand supporting long-term growth. This positions the property as a smart buy in a market trending upward.Whether you?re looking to live strategically or invest intelligently, this is an opportunity to do both while securing a foothold in one of North Jersey?s most active real estate markets!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Unfinished
Fuel Type: Gas-Natural
Heating: Forced Hot Air
Lot Size: 0.08 Acres
Roof Type: Asphalt Shingle
Taxes: $5,286
Year Built: 1907
Feature Descriptions
Days on Site: 4
Driveway: 1 Car Width
Exterior: Aluminum Siding
Lot Dimensions: 0.08 acre(s)
Sewer: Public Sewer
Utilities: All Underground, Electric, Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: COOPER MCKELVEY REAL ESTATE CO.
Agency Contact: 9734247066
Shown By
Agency Title: RealtyMark
Agency Phone: 888-240-0600
Estimate Your Payment
Estimated Payment
$ 1,648.77 per month $1,068.27 Principal & Interest $440.50 Property Tax $140.00 Homeowner's InsuranceChange Payment Information
581 S 17th St | MLS# 4021638
This multi-family property located at 581 S 17th St, Newark, NJ 07103 is currently listed for sale with an asking price of $479,999. Search Newark real estate on www.realtymark.net today.