38-40 Schley St Newark, NJ ^$ 499,999

38-40 Schley St

^$ 499,999

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Recently Listed

38-40 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! Come renovate make 3 bed 2 bath each unit ARV $799K LAST BUYER COULDN'T PERFORM

Multi-Family Active

Price

^$ 499,999

Bedrooms

Full Bath

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

4026235

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 Active

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 Active

Tax Assessed Value 145900

Town # 1614

Tax Lot 48

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

Exterior

Lot Features Possible Subdivision

Water Source Public Water

Exterior Description See Remarks

Lot Dimensions 25X100

Lot Size Acres 0.06

* Excluded Features

List By

TAIESHA MURCHISON

Listing Agent

Conley Realty

Broker

taim1987@yahoo.com

Affordability Calculator

$3,565

Per Month

Monthly Principal & Interest: $3,079
Monthly Property Taxes: $486
Monthly Home Insurance: --

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Yearly 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

Trends
Schools

Multi-family listings in Newark, NJ

Average List Price ^$732,527

Percent of Sale Price 47%

About Newark, NJ

283,201 Population

4% Since 2002

^$35,768 Median Income

34.98 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/8/2026	$499,999		Listed Price

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38-40 Schley St, Newark, NJ, 07112 is a Multi-Family Home for sale at $499,999 with a lot size of 0.06. 38-40 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

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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38-40 Schley St

Multi-Family Home for sale in Newark, NJ

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