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Don't miss this incredible income-producing three-family property featuring 11 total bedrooms and 3 full bathrooms, offering excellent cash flow and strong upside potential. Currently generating $4,700 per month in rental income, this property is ideal for both investors and owner-occupants.Each unit offers spacious layouts, and the large basement provides endless possibilities for additional storage, recreation space, or potential bonus rooms (subject to municipal approvals). The property also features a whole-house water softener system, off-street parking, and the increasingly sought-after convenience of an electric vehicle charging station.Occupancy flexibility makes this a standout investment:1 Unit: Month-to-Month Tenant. Second Unit: Lease in Place Until January. 3rd Floor: Will be delivered Vacant. Perfectly positioned between Interstate 280 and the Garden State Parkway, this property offers easy access to major highways and is conveniently located near NJ Transit stations with direct service to New York City, making it highly attractive to commuters.Whether you're looking to expand your investment portfolio or live in one unit while collecting rental income from the others, this versatile multi-family property presents an outstanding opportunity in one of Newark's rapidly growing neighborhoods.

Source: Garden State MLS, MLS#: 4037593

Listing provided courtesy of KELLER WILLIAMS VILLAGE SQUARE- MLS# 4037593MLS ProviderContact Information: 347-592-3774
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Open House

See this property for yourself! Drop in on these dates, no appointment necessary.

  • Sunday
    July
    5
    12:00PM - 3:00PM EDT
  • Property Type
    Residential Income
  • Lot
    0.09 acres

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Marie DeCicco

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Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 23 S 17Th St


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/29/2026Source: Garden State MLS Added to Database
June 29, 2026
7/4/2024Source: Garden State MLS Status Change
Sold