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40 Schley St Newark, NJ $ 499,999
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40 Schley St
$ 499,999
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Open House 4/2 5:45pm - 6:45pm
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40 Schley St

Newark, NJ, 07112
$ 499,999
Bedrooms7 Baths2.0

Monthly Estimate*

$ 3,079

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Multi-Family Home for sale in Newark, NJ

for $499,999 with 7 bedrooms and 2 full baths. This home was built in 1940 on a lot size of 0.06.

Come see this amazing opportunity to own 2 lots! 2 car Garage on 38 Schley possible chance to add ADU above garage!! Update the 2 family on 40 schley and make a ton money on this spacious 2 family. 4 bedrooms in 1st floor unit 3 bedrooms plus dining room, Laundry, and den in 2nd floor unit WHOLE HOUSE DELIVERED VACANT Plus partially finished basement with 3 rooms and with unfinished bathroom all hookups Laundry also!

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Open House

4/2/2026 5:45 PM - 6:45 PM
4/4/2026 1:00 PM - 3:00 PM
40 Schley St Newark, NJ
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
Multi-Family Coming Soon

Price

$ 499,999

Bedrooms

7

Full Bath

2

Property Type

Multi-Family

Taxes

$ 5,834

Style

2-Two Story, Fixer Upper

Lot Size

0.06

Year Built

1940

Town/City

Newark

County/Region

Essex

MLS | Web ID

4017713
Features
General
Sewer Public Sewer
Heating See Remarks
Cooling See Remarks
Utilities Gas In Street
Possession asap
Roof Asphalt Shingle
Garage Spaces 2
Architectural Style 2-Two Story Fixer Upper
Year Built 1940
Garage Detached Garage
Township Newark City
Tax Year 2025
Gross Income 65000
County Essex
Net Operating Income 55000
Operating Expense 10000
Total Rooms 13
Full Baths 2
Status Coming Soon
Directions Nye Ave to Schley
Open Parking Spaces 2
Number Of Units Total 2
Tax Annual Amount 5834
Drive 2 Car Width Blacktop
Standard Status Coming Soon
Tax Assessed Value 145900
Town # 1614
Tax Lot 48
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Interior
Basement Finished Full Partial
Unit 1 Baths Total 1.0
Unit 1 Beds Total 4
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 7
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Exterior
Lot Features Possible Subdivision
Water Source Public Water
Exterior Description See Remarks
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded Features
List By
TAIESHA MURCHISON

Listing Agent

Conley Realty

Broker

taim1987@yahoo.com

Email

Affordability Calculator

$3,565
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,079
Monthly Property Taxes
$486
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/31/2026$499,999 -90.00% Price Down
3/31/2026$4,999,999 Listed Price

Map

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40 Schley St, Newark, NJ, 07112 is a Multi-Family Home for sale at $499,999 with a lot size of 0.06. 40 Schley St has 7 bedrooms, 2.0 baths, and was built in 1940. The property's zip code is 07112 which is in Newark, NJ

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