487 S 17th St new Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07103
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,020 sqft
Price per Sqft $208
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! 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!
Location
State NJ
County Essex
Interior
Heating Gas-Natural
Cooling 2 Units
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
Schools
Elementary Schools Camden St
Middle Schools West Side
High Schools West Side