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Newark City, NJ 07112 262 Schley St

262 Schley St Newark City, NJ - Image 1262 Schley St Newark City, NJ - Image 2262 Schley St Newark City, NJ - Image 3
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Presented By: EREALTY ADVISORS, INC.; 609-225-0350
  • Garden State MLS (GSMLS) - 38 - NJ
  • MLS# 3962665
  • 05/13/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by MyHouseNJ.com and should be verified by the buyer.
  • Beds • 5
  • Baths • 3
  • Garage • 2

Home Details

Welcome to this versatile 2-family home in the heart of Newark! Offering a total of 5 bedrooms and 3 full bathrooms, this property is perfect for investors or owner-occupants seeking rental income potential. The first unit has some recent updates, including a renovated bathroom, and new flooring. 2nd Unit offers 2bedrooms with possibility of a 3rd bedroom, one bath. The third floor has a separate entrance that offers a fantastic bonus level featuring a large bedroom and bathroom combo. Both units offer spacious layouts with ample natural light and high ceilings with generous bedroom sizes. A full unfinished basement provides extra storage or potential for additional living space & a Large Private Driveway. Conveniently located near transportation, Hospitals, parks, and shopping, This home combines practicality with opportunity. Don't miss your chance to own a multifamily property in one of Newark's rapidly growing neighborhoods! Property Being Sold Strictly in AS-IS condition. No credits or repairs will be provided. The buyer is responsible for obtaining the Certificate of Occupancy from the city of Newark.
Presented By: EREALTY ADVISORS, INC.; 609-225-0350

Interior Features for 262 Schley St

Bedrooms

Total Bedrooms5
Unit 1 Beds Total2
Unit 2 Beds Total2
Unit 3 Beds Total1

Bathrooms

Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0

Other Interior Features

Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
UnitType1TotalRent0
UnitType2TotalRent0
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbMDet, CeilFan, CookGas, Microwav, RgOvGas, SmokeDet
Unit 2 Appl/EquipCarbMDet, CeilFan, CookGas, Dryer, RgOvGas, Refrig, SmokeDet, Washer
BasementUnfinished
Fuel TypeGas-Natural
Interior AmenitiesFire Extinguisher, Smoke Detector

Other Rooms

Unit 2 Rooms7
Unit 1 Rooms5
Unit 3 Rooms2
Unit 3 Room DescriptionBedrooms
Unit 1 Room DescriptionBedrooms, Dining Room, Living Room, Pantry, Sunroom
Unit 2 Room DescriptionBedrooms, Dining Room, Living Room, Pantry, Sunroom

General for 262 Schley St

Architectural Style3-Three Story
CoolingCeiling Fan, Window A/C(s)
CountyEssex
DirectionsGoogle Maps
Drive1 Car Width, Blacktop, Driveway-Exclusive, Off-Street Parking, On-Street Parking
EasementNo
Full Baths3
GarageDetached Garage
Garage Spaces2
Gross Income
HeatingBaseboard - Electric, Radiators - Steam
Net Operating Income
Number Of Units Total2
Open Parking Spaces4
Operating Expense0
PossessionUpon Closing
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount6389
Tax Assessed Value168000
Tax Lot75
Tax Year2024
Total Rooms10
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Year Built1927

Exterior for 262 Schley St

Exterior DescriptionBrick, Vinyl Siding
Lot Dimensions40X100
Lot FeaturesLevel Lot
Lot Size Acres0.09
Water SourcePublic Water

Additional Details

Price History

Glenn Wechsler and Rob DiMeo Team

Price $430,000
MLS#3962665
List Date 05/13/2025
Property Type Multi-Family
Phone 201.777.0660
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