487 S 17th St, Newark City, NJ 07103

Local realty services provided by:ERA Reed Realty, Inc.
#1#2#3
487 S 17th St,Newark City, NJ 07103
$629,000
  • - Beds
  • 3 Baths
  • 3,020 sq. ft.
  • Multi-family
  • Active
Listed by:mabel pena
Office:livx
MLS#:3979954
Source:NJ_GSMLS

Price summary

  • Price:$629,000
  • Price per sq. ft.:$208.28

About this home

Turnkey Income-Producing 2-Family in Prime Newark Location! Seize this exceptional investment opportunity already generating $4,500/month in rental income with reliable tenants in place. This well-maintained property offers two spacious units: a 3BD/1BA and a 3BD/2BA, each with separate utilities for tenant-paid expenses and maximum owner convenience. Recent updates ensure minimal maintenance, while the functional layouts appeal to long-term renters. Low annual taxes of just $4,875 enhance your cash flow. Situated in a high-demand rental area near transit, shopping, and major highways, this property offers immediate returns plus strong appreciation potential. Schedule your showing now before it's gone!

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Home facts

  • Year built:1916
  • Listing Id #:3979954
  • Added:7 day(s) ago
  • Updated:August 13, 2025 at 02:15 PM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:3
  • Living area:3,020 sq. ft.

Heating and cooling

  • Cooling:2 Units
  • Heating:2 Units, Forced Hot Air

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1916
  • Building area:3,020 sq. ft.
  • Lot area:0.06 Acres

Schools

  • High school:WEST SIDE
  • Middle school:WEST SIDE
  • Elementary school:CAMDEN ST

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$629,000
  • Price per sq. ft.:$208.28
  • Tax amount:$4,875 (2024)
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Date Last Updated August 13, 2025

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