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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2025 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.LISTING DATA REFRESHED ON MAY 22 2025 AT 3:30 AM.

DOUGLAS ELLIMAN IS A LICENSED REAL ESTATE BROKER IN CALIFORNIA WITH LICENSE # 01947727, COLORADO WITH LICENSE # EC100053892, CONNECTICUT WITH LICENSE # REB.0314827, THE DISTRICT OF COLUMBIA WITH LICENSE # REO40000160, FLORIDA WITH LICENSE # CQ1020232, MARYLAND WITH LICENSE # 645270, MASSACHUSETTS WITH LICENSE # 422764, NEVADA WITH LICENSE # 1454643, NEW JERSEY WITH LICENSE # 0572105, NEW YORK WITH LICENSE # 10991211812, TEXAS WITH LICENSE # 9008706, AND VIRGINIA WITH LICENSE # 0226035659.

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490 S 20Th St

newark, NJ 07103-1211

$650,000

  • 5 BR
    2 BA

INTERESTED? LET'S CONNECT

Welcome to 490 S. 20th St., Newark on West Side in redevelopment area"a fully renovated 2-family investment opportunity offering strong rental income and long-term upside. Both units feature spacious 2-bedroom/1-bath layouts, with the second-floor unit including an extra office or nursery. Extensive upgrades include brand-new kitchens and bathrooms, a new roof, new plumbing, 2 new water heaters, and a new furnace. Separate utilities for convenience. Estimated rental income delivers immediate cash flow. Bonus: full-height basement with expansion potential. Perfect for investors or savvy buyers seeking a turnkey multi-unit property with strong cap rate and future upside. Located close to parks, shopping, and public transportation.

Details

3,049.2 Sq Ft Exterior Space

Multi Family

$4,932 Annual Tax

Built in 1924

MLS/Listing ID 3957212

2 Units

Amenities & Features

Flat

Listing Courtesy of LIFESTYLE INTERNATIONAL REALTY, CECILIA ABERASTEGUI

GSMLS

Source of Data: GARDEN STATE MLS

Interested in 490 S 20Th St?