Listing Notes
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!
Price in context
Cheaper than 67% of the 24 homes listed nearby right now, which run $300,000 to $680,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 208 22nd St | $300,000 | 4 bd · 2 ba |
| 52 Oak Ave | $300,000 | 4 bd · 2 ba |
| 551 15th Ave | $395,000 | 3 bd · 2 ba |
| 558-562 S 11th St | $399,000 | — |
| 736 S 19th St | $399,000 | 3 bd · 2 ba |
| 736-738 19th St | $399,000 | 3 bd · 2 ba |
| 736-738 S 19th St S | $399,000 | 3 bd · 2 ba |
| 357 16th Ave | $399,900 | 3 bd · 2 ba |
| 447 S 17th St | $489,900 | 4 bd · 2 ba |
| 229 21st St | $499,000 | 6 bd · 2 ba |
| 488 S 12th St | $499,888 | 7 bd · 3 ba |
| 491 S 17th St | $534,900 | 6 bd · 2 ba |
| 544 S 11th St | $549,900 | 4 bd · 2 ba |
| 411 S 15th St | $589,000 | 6 bd · 4 ba |
| 648 S 15th St Unit 2 | $599,900 | 5 bd · 2 ba |
| 324A 14th Ave | $599,900 | 6 bd · 2 ba |
| 677 S 14th St | $615,000 | 5 bd · 2 ba |
| 647 S 19th St | $625,000 | 8 bd · 3 ba |
| 599 S 18th St | $629,000 | 6 bd · 3 ba |
| 45 Vine Ave | $629,000 | 7 bd · 2 ba |
| 48 Oak Ave | $635,000 | 7 bd · 4 ba |
| 18 Roosevelt Ter | $650,000 | 6 bd · 4 ba |
| 650 Grove St | $679,900 | 7 bd · 3 ba |
| 586 15th Ave | $680,000 | 5 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more