Multifamily Rental
For Lease
$2,300/Mo
487 S 17Th St 1, Newark, NJ 07103
A residential income rental in Newark with good walk and transit scores for everyday convenience.
Space SizeContact for details
Days on Market59
Property Features for 487 S 17Th St 1
General Information
Standard status
Active
Property subtype
Multi Family
Building Details
Year Built
1940
Listing Agency:
(732) 549-1998
Listed By:
EIESHA DUNCAN
Source:
Elliman
Added: Jun 12
Changed: Jul 10
Last Checked: Aug 9 at 10:08AM
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 EIESHA DUNCAN
Investment Insights
Based on property information with market context.
This multifamily rental residence is being offered for lease as a residential income property. The listing information does not specify unit layout details, but it is presented as an “other multifamily” asset within the multifamily property category.
Located at 487 S 17th St in Newark, New Jersey, the surrounding area is supported by walkability and transit access, with Walk Score of 69 and Transit Score of 61. Bike access is also noted, with a Bike Score of 50, which can be a practical consideration for tenants who rely on alternate commuting options.
For renters or operators evaluating residential income housing, the key takeaway from the provided data is the neighborhood mobility profile—somewhat walkable with good transit—paired with the property’s multifamily structure. Prospective tenants can use these scoring indicators to gauge day-to-day access, while brokers and investors can confirm fit through their own review of the building’s specific unit configuration, current availability, and lease terms.
Located at 487 S 17th St in Newark, New Jersey, the surrounding area is supported by walkability and transit access, with Walk Score of 69 and Transit Score of 61. Bike access is also noted, with a Bike Score of 50, which can be a practical consideration for tenants who rely on alternate commuting options.
For renters or operators evaluating residential income housing, the key takeaway from the provided data is the neighborhood mobility profile—somewhat walkable with good transit—paired with the property’s multifamily structure. Prospective tenants can use these scoring indicators to gauge day-to-day access, while brokers and investors can confirm fit through their own review of the building’s specific unit configuration, current availability, and lease terms.
Key Highlights
- Year built: 1940
- BikeScore: 50 (Bikeable)
- WalkScore: 69 (Somewhat walkable) and TransitScore: 61 (Good transit)
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
1,389
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - A residential income rental in Newark with good walk and transit scores for everyday convenience.
Where is this multifamily property located?
The property is located at 487 S 17Th St 1 Newark, NJ.
What is the lease rate?
The lease rate is $2,300/Mo.
What are key features of this property?
This property features: Year built: 1940; BikeScore: 50 (Bikeable); WalkScore: 69 (Somewhat walkable) and TransitScore: 61 (Good transit)
