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262 Schley St

Newark City, NJ 07112

5 beds
3 baths
– sqft
3,920 sqft lot
1927 build
– on site

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.

Listing courtesy of GSMLS / CARLOS D. WHITTED JR. / EREALTY ADVISORS, INC.

Last checked: Checking… • Last updated May 14, 2025 •

MLS# 3962665 —

The Building

Construction Date/Year Built:

1927
Unit Style:

3-Three Story
Roof Description:

Asphalt Shingle
Exterior Description:

Brick, Vinyl Siding
Basement:

Yes
Total # of Units:

2

Interior

Interior Features:

Fire Extinguisher, Smoke Detector
Total # of Rooms:

10
Basement Description:

Unfinished

Financial & Terms

Possession:

Upon Closing

Location

Directions:

Google Maps
Latitude:

40.71251
Longitude:

-74.22379

The Property

Approx Lot Size:

40 Sqft
Lot Description:

Level Lot
Total Acres:

0 Sqft
Lot Identifier:

75
Easements:

No
Assessment Land:

20000
Assess Amount Land Tax:

*

Listing Agent

Contact info:

Taxes

Tax ID For Property:

1614-03733-0000-00075-0000-
Tax Year:

2024
Tax Year:

*
Tax Rate:

*
Tax Rate Year:

2024
Tax Rate Amount:

3.803
Tax Amount:

$6,389
Tax Amount:

$*
Lot ID Tax:

*
Lot Size Tax:

*
Acres Tax:

$*
Block ID Tax:

*
City Tax:

$*
County Tax:

$*
Zip Code Tax:

*

Beds

# of Bedrooms:

5
Unit 1 Bedrooms:

2
Unit 3 Bedrooms:

1
Unit 2 Bedrooms:

2

Baths

Total # of Baths:

3.00
Total # of Full Baths:

3
Unit 1 Baths:

1.0
Unit 2 Baths:

1.0
Unit 3 Baths:

1.0

Heating & Cooling

Cooling:

Ceiling Fan, Window A/C(s)
Heating:

Baseboard - Electric, Radiators - Steam

Utilities

Utilities:

Electric, Gas-Natural
Water:

Public Water
Fuel Type:

Gas-Natural
Sewer:

Public Sewer

The Community

Assessment Total:

168000
Assessment Total Tax:

*
Assessment Bldg:

148000
Assess Amount Building Tax:

*

Parking

# of Garage Spaces:

2
Garage Description:

Detached Garage
# of Parking Spaces:

4
Parking/Driveway Description:

1 Car Width, Blacktop, Driveway-Exclusive, Off-Street Parking, On-Street Parking

Extra Units

Unit 1 Levels:

1
Unit 2 Levels:

1
Unit 3 Levels:

1
Unit 1 Rooms:

5
Unit 2 Rooms:

7
Unit 3 Rooms:

2
Unit 1 Handicap Modified:

No
Unit 2 Handicap Modified:

No
Unit 1 Room Description:

Bedrooms, Dining Room, Living Room, Pantry, Sunroom
Unit 2 Room Description:

Bedrooms, Dining Room, Living Room, Pantry, Sunroom
Unit 3 Room Description:

Bedrooms
Unit 1 Appliances/Equipment:

Carbon Monoxide Detector, Ceiling Fan(s), Microwave Oven, Range/Oven - Gas, Smoke Detector
Unit 2 Appliances/Equipment:

Carbon Monoxide Detector, Ceiling Fan(s), Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer

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Sale history

Date	Event	Source	Price	% Change
5/14/25 May 14, 2025	Listed / Active	GSMLS	$430,000

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This multifamily located in Weequahic, Newark, NJ 07112 is currently for sale for $430,000. 262 Schley St is a – square foot multifamily with 5 beds and 3 baths that has been on Estately for 0 days. 262 Schley St is in the Weequahic neighborhood of Newark. This multifamily is in the attendance area of Mount Vernon School, Peshine Avenue Academy, Ivy Hill Elementary School, George Washington Carver School, Speedway Academies, Hawthorne Avenue School, Chancellor Avenue School, Newark School Of Data Science & Information Technology, Newark School Of Fashion & Design, and Lincoln Elementary School.

Listing courtesy of GSMLS / CARLOS D. WHITTED JR. / EREALTY ADVISORS, INC.

The data displayed relating to real estate for sale 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.

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.

Notice: The dissemination of listings displayed herein 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.