Renovated
New
For Sale
$499,000
491 S 17th Street, Newark, NJ 07103
Multi-Family, Newark, NJ
Property Size1,726 SF
Lot Size0.06 Acres
Price / SF$289.11
Days on Market2
Property Features for 491 S 17th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Basement, Bedroom 2, Bedroom 1, Bedroom 6
Parking features
On Street
Elementary school
Ivy Hill
High school
West Side
Directions
GPS
Subdivision
Newark
Standard status
Active
APN
14-00326-0000-00057
Size
1,726 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1820
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Listing Agency:
C21 Thomson & Co.
Listed By:
Kyle Golden
(732) 945-7035
Added: Oct 23
Last Checked: Oct 24 at 4:06PM
MLS# 22633644
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,726-square-foot duplex in Newark contains six bedrooms and two bathrooms. Interior finishes include hardwood floors, granite counters, and stainless steel appliances. Forced-air heating serves the property, with public water and sewer connections.
Built in 1900, the property occupies a 0.06-acre lot. Parking is on street.
Built in 1900, the property occupies a 0.06-acre lot. Parking is on street.
Key Highlights
- 1,726‑square‑foot duplex with six bedrooms and two bathrooms
- 0.06‑acre lot in Newark
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,492
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,840
$689.8K
Cap Rate 7%
$492,743
$492.7K
Cap Rate 9%
$383,244
$383.2K
Market Conditions
NOI Build-Up for 1,726 SF
Gross rent
$51.8K $30.00/SF
− Vacancy
−$2.5K −$1.45/SF
EGI
$49.3K $28.55/SF
− OpEx
−$14.8K −$8.56/SF
NOI
$34.5K $19.98/SF
Area
ZIP 07103
Vacancy
4.84%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,840
Cap Rate 7%
$492,743
Cap Rate 9%
$383,244
Alternative Uses
Best Use
Multifamily LT 5
$492.7K
$431.2K – $574.9K
NOI $34,492 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$447.9K
$391.9K – $522.5K
NOI $31,351 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$617.3K
$540.2K – $720.2K
NOI $43,214 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated interiors include hardwood flooring, granite countertops, and stainless steel appliances.
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 $499,000.
What are key features of this property?
This property features: 1,726‑square‑foot duplex with six bedrooms and two bathrooms; 0.06‑acre lot in Newark; Built in 1900
