581 S 17Th St, Newark City, NJ 07103

• 6 beds |
• 2 baths

Property Description

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!

Listing Status:

Active

Data Last Updated:

May 10, 2026 at 6:40AM

Listing Office:

COOPER MCKELVEY REAL ESTATE CO. : 973-424-7066

MLS ID:

4021638

Interior

• Basement: Unfinished
• A/C: None
• Heating: Forced Hot AirGas-Natural

Exterior

• General: Aluminum Siding
• Parking: Parking spaces: 1

Construction

• Roofing: Asphalt Shingle

Location

• County: Essex

Lot

• Driveway: 1 Car Width
• Zoning: 1614-00341-0000-00018-0000-

Utilities

• Utilities: All UndergroundElectricGas-Natural
• Water: Public Water
• Sewer: Public Sewer