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… Read More 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! Read Less
Courtesy of COOPER MCKELVEY REAL ESTATE CO..
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
6
Lot Size
0.08 Acres
Year Built
1907
MLS Number
4021638
30 Days Snapshot Of 07103
$401k
-1%
(avg) sold price
6
+200%
homes sold
103
+47%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished, Yes
Building
Built in 1907, Renovated in 2018
Cooling
None
Exterior Features
Aluminum Siding
Water Features
Public Water
Heating
Gas-Natural, Forced Hot Air
Lot
Approximate Lot Size: 33X100, 0.08 acres
Parking
1 parking space, 1 Car Width
Property
2 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer
Taxes
Annual Tax Amount: $5,286, Tax Rate: 3.999
Unit One
1 bathroom, 3 bathrooms, Handicap Accessibility: No, CookGas, Microwav, SeeRem
Unit Two
1 bathroom, 3 bathrooms, Handicap Accessibility: No, CookGas, Microwav, SeeRem
Utilities
All Underground, Electric, Gas-Natural
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April 19, 2026
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