$629,000

487 17th Street, Newark, NJ 07103

  • 6 beds |
  • 3 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 days ago

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. Updated photos coming soon—schedule your showing now before it’s gone!

Listing Status:
Active
Date Added:
August 11, 2025 at 05:00AM
Listing Office:
LivX : 973-220-5454
Listing Agent:
Garima Verma : 917-836-1462
MLS ID:
25028555
  • Rooms: 12
  • Laundry: None

This listing courtesy of Garima Verma, LivX

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

South Seventeenth Street Elementary School

619 S 17th St, Newark, NJ, 07103

Grades KG-8

0.38 miles away

S

South Seventeenth Street Elementary School

619 S 17th St, Newark, NJ, 07103

Grades KG-8

0.38 miles away

W

West Side High School

403 S Orange Ave, Newark, NJ, 07103

Grades 9-12

0.30 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listings Nearby