For Multi Family

51 Schley St,Newark City, NJ 07112

February 11, 2026

Located at 51 Schley St in Newark, this expansive 3-story multi-family home presents an excellent investment opportunity or a spacious living arrangement. Featuring 9 bedrooms and 6 bathrooms, the property offers generous living space across three well-designed floors. Each level is thoughtfully laid out for privacy and functionality, with large living areas and an abundance of natural light. The home retains classic charm while providing the potential for updates and customization. Additional highlights include a private backyard, perfect for outdoor gatherings or relaxation, and a detached garage for added convenience. Situated in a prime location, this property is close to local amenities, public transportation, and major highways, providing easy access to downtown Newark, schools, shopping, and entertainment. Whether you’re looking for a multi-family investment or a large home, 51 Schley St is a remarkable opportunity.

Property ID:PT-28008171-AXZR

Offer Type:For Multi Family

Property Type:Multi-Family

Price: 719,000 $

Bedrooms:9

Year Built:1924

Listing Details

Status: Active

Location

County: Essex

Lotsize: 37.6X100

Lot Identifier: 35

Home Details

Open Parking: 3

Basement: Yes

Renovated: 2026

Basmnt/Desc: Yes - Finished, Full

Acreage: 0.09

Total Baths: 5.00

Unit Style: 3-Three Story

Number of Units: 3

Rooms: 21

Easement/Desc: No

Exterior Description: Aluminum Siding

Roof Description: Asphalt Shingle

Possesion: ASAP

Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector

Unit 1 Levels: 1

Unit 1 Rooms: 7

Unit 1 Beds: 3

Unit 1 Baths: 1.0

Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 1 Handicap: No

Unit 1 SqFt: 9999

Unit 1 Rent: 2300

Unit 1 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room

Unit 1 Security Deposit: 9999

Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector

Unit 2 Levels: 1

Unit 2 Rooms: 7

Unit 2 Beds: 3

Unit 2 Baths: 2.0

Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 2 Handicap: No

Unit 2 SqFt: 9999

Unit 2 Rent: 1995

Unit 2 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room

Unit 2 Security Deposit: 9999

Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector

Unit 3 Levels: 1

Unit 3 Rooms: 7

Unit 3 Beds: 3

Unit 3 Baths: 2.0

Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat

Unit 3 Handicap: No

Unit 3 SqFt: 9999

Unit 3 Rent: 1985

Unit 3 Room Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room

Unit 3 Security Deposit: 9999

Garage Description: Detached Garage

Number of Garage Spaces: 1

Block Identifier: 3083

County Number: 16

Town Number: 1614

YB/Desc: 1924 - Approximate, Renovated

Easement: No

Parking/Driveway Description: 1 Car Width, Driveway-Exclusive

Block Identifier: 3083

County Number: 16

Town Number: 1614

Possession: ASAP

Utilities

Heat Source: Gas-Natural

Heat System: Radiators - Steam

Cool System: Window A/C(s)

Water: Public Water

Sewer: Public Sewer

Utilities: Electric, Gas-Natural

Taxes, Fees & Assessments

Tax ID For Property: 1614-03083-0000-00035-0000-

Tax Amount: $11,158.00

Tax Year: 2024

Tax Rate: 3.803%

Tax Rate Year: 2025

Land Assessment: $29,400.00

Building Assessment: $264,000.00

Total Assessment: $293,400.00

FHA Age Restricted: No

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Listing Details

51 Schley St,Newark City, NJ 07112

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