- Multi-Family Residential
- Active
- 1 month ago
581 S 17Th St
Newark City NJ 07103-1160
$479,999
33X100
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!
Facts and Features
Type
Multi-Family Residential
Year Built
2025
Heating
Gas-Natural
SQFT
33X100
Bedrooms
6
bathrooms
2.00
GARAGE
Status
Active
Interior Features
- Basement Description
- Unfinished
- Basement
- Yes
- Total # Full Baths
- 2
- Total # Baths
- 2.00
- # Bedrooms
- 6
- Cooling
- None
- Heating
- Forced Hot Air
- Fuel Type
- Gas-Natural
- Status
- Active
- Total # Rooms
- 9
- Unit 1 Appl/Equip
- CookGas,Microwav,SeeRem
- Unit 1 Baths
- 1.0
- Unit 1 Bedrooms
- 3
- Unit 1 Handicap Modified
- No
- Unit 1 Levels
- 1
- Unit 1 Owner/Tenant Pays
- Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
- Unit 1 Rent
- 1450
- Unit 1 Room Description
- Bedrooms, Dining Room, Eat-In Kitchen
- Unit 1 Rooms
- 6
- Unit 1 Security Deposit
- 2175
- Unit 2 Appl/Equip
- CookGas,Microwav,SeeRem
- Unit 2 Baths
- 1.0
- Unit 2 Bedrooms
- 3
- Unit 2 Handicap Modified
- No
- Unit 2 Levels
- 1
- Unit 2 Owner/Tenant Pays
- Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
- Unit 2 Rent
- 1450
- Unit 2 Room Description
- Bedrooms, Dining Room, Eat-In Kitchen
- Unit 2 Rooms
- 6
- Unit 2 Security Deposit
- 2175
- Unit Style
- 2-Two Story
Exterior Features
- Total Acres
- 0.08
- Parking/Driveway Description
- 1 Car Width
- Easement
- No
- Exterior Description
- Aluminum Siding
- Approximate Lot Size
- 33X100
- # Parking Spaces
- 1
- Roof Description
- Asphalt Shingle
- Sewer
- Public Sewer
- Total # Units
- 2
- Utilities
- All Underground, Electric, Gas-Natural
- Water
- Public Water
- Construction Date/Year Built
- 1907
- Construction Date/Year Built Des
- Renovated