487 17th Street, Newark, NJ 07103 (MLS # 25028555)

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Listed with Garima Verma | 917-836-1462, LivX

PRICE $599,000 dsIDX morgage calculator
BEDS 6
BATHS 3
HOME SIZE n/a
LOT SIZE n/a
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This 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, it's a secure investment with strong appreciation potential. Schedule your showing now before it's gone!

DAYS ON MARKET 20 LAST UPDATED 8/21/2025
YEAR BUILT 0 COMMUNITY 400
COUNTY ESSEX STATUS Active
PROPERTY TYPE(S) Multi Family

PRICE HISTORY
Prior to Aug 21, '25 $629,000
Aug 21, '25 - Today $599,000


ADDITIONAL DETAILS
AREA 400
STYLE 2 Family
TAXES 4875
UTILITIES Natural Gas Available, Electricity Connected, Natural Gas Connected
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TOTAL MONTHLY PAYMENT

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All information deemed reliable but not guaranteed. Last date updated: 8/30/25 6:39 PM PDT Source: New Jersey Multiple Listing, Inc.

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