NJ > Newark City
Newark City, NJ 07103,487 S 17th St
Newark City, NJ 07103,487 S 17th St
Newark City, NJ 07103,487 S 17th St
Newark City, NJ 07103,487 S 17th St
Newark City, NJ 07103,487 S 17th St
Newark City, NJ 07103,487 S 17th St
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Laura Pallay

Laura Pallay

+1(908) 310-0613
$ 599,000
Est. payment | /mo

6 Beds

3 Baths

3,020 SqFt

Save
$ 599,000
Est. payment | /mo
Save

6 Beds

3 Baths

3,020 SqFt

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,020 sqft

Price per Sqft $198

MLS Listing ID 3979954

Style 2-Two Story

Bedrooms 6

Full Baths 3

Year Built 1916

Annual Tax Amount $4,875

Tax Year 2024

Lot Size 2,613 Sqft

Property Description

Turnkey Income-Producing 2-Family in Prime Newark Location! Exceptional investment opportunity already generating $4,500/month in rental income with reliable tenants in place. This well-maintained property offers two spacious units: First Floor is a 3BD/1BA and Second Floor is a 3BD/2BA with a Balcony, 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!

Location

State NJ

County Essex

Rooms

Basement Unfinished

Interior

Interior Features See Remarks

Heating Gas-Natural

Cooling 2 Units

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features On-Street Parking

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story

Schools

Elementary Schools Camden St

Middle Schools West Side

High Schools West Side

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by LIVX
agent-avatar

+1(908) 310-0613

laura@thepallayteam.com

21 Belle Mead Griggstown Road Suite 107, Belle Mead, NJ, 08502, USA

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