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Three-Unit Residential Income Property
For Sale
$775,000

480 S 17Th St, Newark, NJ 07103

Well-maintained 2004-built multi-family home with two main units and a finished lower-level apartment.

Property SizeContact for details
Days on Market58

Property Features for 480 S 17Th St

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $8,729

Building Details

Year Built 2004
Units 2
Tenancy Multi
Listed By: HA LIM LEE
Source: Elliman
Added: Jul 11 Changed: Aug 25 Last Checked: Sep 5 at 1:27PM

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 HA LIM LEE

Investment Insights

Based on property information with market context.

Built in 2004, this well-maintained multi-family residential income property offers an expanded layout split across two identical, light-filled units on the first and second floors. Each of the main units includes three bedrooms, two full bathrooms, a large kitchen with abundant counter space, and strong natural light.

A fully finished lower level adds a self-contained one-bedroom, one-bathroom apartment with its own kitchen and living area, creating flexibility for additional household use.

The property totals seven bedrooms and five bathrooms and is presented for immediate revenue generation, with a configuration designed to support multiple living areas under one roof.

Key Highlights

  • Built in 2004, this well‑maintained multi‑family home includes two identical main units plus a finished lower‑level apartment.
  • Each main unit has 3 bedrooms and 2 full bathrooms, with a large kitchen and abundant natural light.
  • Finished lower‑level adds a 1‑bedroom, 1‑bathroom apartment with its own independent kitchen and living area.

Property Analytics

Current Use

Triplexes

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

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,389
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?
Triplex - Well-maintained 2004-built multi-family home with two main units and a finished lower-level apartment.
Where is this triplex located?
The property is located at 480 S 17Th St Newark, NJ.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Built in 2004, this well‑maintained multi‑family home includes two identical main units plus a finished lower‑level apartment.; Each main unit has 3 bedrooms and 2 full bathrooms, with a large kitchen and abundant natural light.; Finished lower‑level adds a 1‑bedroom, 1‑bathroom apartment with its own independent kitchen and living area.
More about this property
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