581 S 17th St, Newark, NJ 07103
Local realty services provided by:ERA Central Realty Group
581 S 17th St,Newark City, NJ 07103
$479,999
- 6 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: tayllor cooper
Office: cooper mckelvey real estate co.973-424-7066
MLS#:4021638
Source:NJ_GSMLS
Price summary
- Price:$479,999
About this home
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!...
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Home facts
- Year built:1907
- Listing ID #:4021638
- Added:57 day(s) ago
- Updated:June 15, 2026 at 08:43 AM
Rooms and interior
- Bedrooms:6
- Total bathrooms:2
- Full bathrooms:2
- Rooms Total:9
- Basement Description:Basement, Unfinished
Heating and cooling
- Heating:Forced Hot Air
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1907
- Lot area:0.08 Acres
- Architectural Style:2-Two Story
- Construction Materials:Aluminum Siding
Utilities
- Water:Public Water
- Sewer:Public Sewer
Finances and disclosures
- Price:$479,999
- Tax amount:$5,286 (2025)
Features and amenities
- Amenities:All Utilities Underground, Gas-Natural
Parking
- Parking description:1 Car Width
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