Estimated payment $2,986/month
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 Agent
COOPER MCKELVEY REAL ESTATE CO. Brokerage Phone: 9734247066 Listed on: 04/18/2026
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,028 | $132,200 | $32,300 | $99,900 |
| 2024 | $4,928 | $132,200 | $32,300 | $99,900 |
| 2022 | $4,939 | $132,200 | $32,300 | $99,900 |
| 2021 | $4,936 | $132,200 | $32,300 | $99,900 |
| 2020 | $5,024 | $132,200 | $32,300 | $99,900 |
| 2019 | $4,972 | $132,200 | $32,300 | $99,900 |
| 2018 | $4,882 | $132,200 | $32,300 | $99,900 |
| 2017 | $4,706 | $132,200 | $32,300 | $99,900 |
| 2016 | $4,548 | $132,200 | $32,300 | $99,900 |
| 2015 | $4,375 | $132,200 | $32,300 | $99,900 |
| 2014 | $4,100 | $132,200 | $32,300 | $99,900 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/18/2026 04/18/26 | For Sale | $479,999 | -- | -- |
I approach real estate with the understanding that it represents far more than a transaction—it is a meaningful step toward stability, growth, and long-term opportunity. My work is rooted in helping clients make informed decisions that align with their goals, whether they are purchasing their first home, expanding an investment portfolio, or preparing for their next chapter.
Born and raised in New Jersey, I have a deep appreciation for the communities I serve. Growing up in the City of
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Source: Garden State MLS
MLS Number: 4021638
APN: 14 00341-0000-00018
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