Tenant-Occupied Multifamily
416 S 17Th St Newark, NJ 07103
416 S 17Th St, Newark, NJ, 07103
$749,000
For Sale
$749,000
Tenant-occupied multi-family with separate tenant-paid gas and electric utilities, offering immediate operational continuity.
Days on Market16
Property Features for 416 S 17Th St
General Information
- Standard status
- Active
- Property subtype
- Multi Family
Building Details
- Year Built
- 2021
Listing Agency
Lencioni Real Estate LLC
(201) 538-0389
Listed by
FARHAN YOUSUFI · License #281797
Source
Elliman
Added: Jul 2 Checked: Jul 17 at 3:34 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lencioni Real Estate LLC
Investment Insights
Based on property information with market context.
This tenant-occupied multifamily property is positioned for steady day-to-day operations. The unit mix is described as practical 1 to 3-bedroom layouts, and utilities are separated so tenants pay gas and electric. The property is presented as income-producing, with “cash flow from day one” noted in the remarks, and it is described as an option for investors seeking stability supported by current occupancy.
The building is located on S 17th St in Newark, within what the remarks describe as a strong rental corridor. WalkScore and transitScore are provided (69 and 61, respectively), with BikeScore at 50, supporting convenient local mobility. The listing also notes that the property is available as an easy-to-show opportunity.
For buyers, this offering may be a fit for those looking to acquire a multifamily asset that is already tenant-occupied and configured with separate utilities, which can help keep owner expenses more controlled. The remarks additionally reference Section 8 compatibility, which may broaden the potential tenant pool for an owner planning for continued leasing.
The building is located on S 17th St in Newark, within what the remarks describe as a strong rental corridor. WalkScore and transitScore are provided (69 and 61, respectively), with BikeScore at 50, supporting convenient local mobility. The listing also notes that the property is available as an easy-to-show opportunity.
For buyers, this offering may be a fit for those looking to acquire a multifamily asset that is already tenant-occupied and configured with separate utilities, which can help keep owner expenses more controlled. The remarks additionally reference Section 8 compatibility, which may broaden the potential tenant pool for an owner planning for continued leasing.
Key Highlights
- Built in 2021 multi‑family property
- Tenant‑occupied, providing immediate rental income potential
- Units have practical 1‑3 bedroom layouts with separate utilities
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Multifamily property - Tenant-occupied multi-family with separate tenant-paid gas and electric utilities, offering immediate operational continuity.
Where is this multifamily property located?
The property is located at 416 S 17Th St Newark, NJ.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Built in 2021 multi‑family property; Tenant‑occupied, providing immediate rental income potential; Units have practical 1‑3 bedroom layouts with separate utilities
