Don't miss this incredible income-producing three-family property featuring 11 total bedrooms and 3 full bathrooms, offering excellent cash flow and strong upside potential. Currently generating $4,700 per month in rental income, this property is ideal for both investors and owner-occupants.Each unit offers spacious layouts, and the large basement provides endless possibilities for additional storage, recreation space, or potential bonus rooms (subject to municipal approvals). The property also features a whole-house water softener system, off-street parking, and the increasingly sought-after convenience of an electric vehicle charging station.Occupancy flexibility makes this a standout investment:1 Unit: Month-to-Month Tenant. Second Unit: Lease in Place Until January. 3rd Floor: Will be delivered Vacant. Perfectly positioned between Interstate 280 and the Garden State Parkway, this property offers easy access to major highways and is conveniently located near NJ Transit stations with direct service to New York City, making it highly attractive to commuters.Whether you're looking to expand your investment portfolio or live in one unit while collecting rental income from the others, this versatile multi-family property presents an outstanding opportunity in one of Newark's rapidly growing neighborhoods.
23 S 17Th St, East Orange City NJ 07018-3947
Property City
East Orange City
Property Price
$789,000
Bedrooms
11
Year Built
1930
Tax Annual Amount
$19335
TaxYear (*text)
2025
Roof (*text)
Asphalt Shingle
Lot Size Area
0.09
MLS Status
Active
MLS #
4037593
Yearly Tax Rate
3.241
Year Built (*numeric)
1930
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days On Market
7
Basement (*text)
Yes
Cooling (*text)
None
Heating
3 Units, Baseboard - Hotwater
Lot Size Dimensions
38X100
Data import from
GSMLS