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581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo
581 S 17th St, Newark, NJ 07103 Photo

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581 S 17th St Newark, NJ 07103
$479,999
Active / MLS# 4021638 / Multi Unit - Multiple / Newark
6 Beds
2 Baths

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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Mortgage Calculator

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(Payments are an estimate and may vary by lender)

Estimated Payment

$ 3,007.64 per month $2,427.14 Principal & Interest $440.50 Property Tax $140.00 Homeowner's Insurance

Property Details

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

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: Hallmark Realtors
Agency Phone: (732) 574-9400

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