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Updated Duplex with Full Basement
New
For Sale
$534,900

491 S 17th Street, Newark, NJ 07103

MULTI_FAMILY - Newark, NJ

Property SizeContact for details
Days on Market2

Property Features for 491 S 17th Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 2, Basement, Bedroom 4, Bedroom 6
Basement Full
Subdivision Newark
Standard status Active
Listing Agency: RE/MAX SELECT - Montclair · RE/MAX International
Listed By: Silvio Lavrador · License #1536348
Added: Aug 10 Last Checked: Aug 11 at 12:06PM
MLS# 26030127

Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This updated two-family home contains two separate living units with spacious bedroom layouts, living areas, eat-in kitchens, and full bathrooms. The first floor provides 3 bedrooms, while the second floor includes 3 bedrooms plus a spare room that may serve as an office or possible fourth bedroom. Improvements include new hardwood flooring, updated kitchens and baths, forced air heat, and refreshed plumbing and electrical systems.

A full unfinished basement offers good ceiling height and additional space for a future buildout. Exterior improvements include refreshed finishes and a large backyard. The property is near major transportation, downtown Newark, hospitals, schools, and major highways, providing access to a broad range of nearby services and destinations.

Key Highlights

  • Two‑family duplex with 3 bedrooms on each primary living level
  • Second‑floor spare room offers office use or possible 4th bedroom addition
  • New hardwood floors, updated kitchens and baths

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center (Bike/Boat/Book/etc) Store Storage Facility Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,414
Businesses Nearby

Demographics for 07103, NJ

39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two spacious units feature refreshed interiors, separate kitchens and baths, and flexible room layouts for residential occupancy.
Where is this duplex located?
The property is located at 491 S 17th Street Newark, NJ.
What is the asking price?
The asking price for this property is $534,900.
What are key features of this property?
This property features: Two‑family duplex with 3 bedrooms on each primary living level; Second‑floor spare room offers office use or possible 4th bedroom addition; New hardwood floors, updated kitchens and baths
More about this property
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