Property

Newark City, NJ 07112 38-40 Schley St

Pending
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Presented By: CONLEY REALTY
  • MLS# 4026235
  • 05/08/2026
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 2
  • Garage • 2

Home Details

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
Presented By: CONLEY REALTY

Interior Features for 38-40 Schley St

Bedrooms

Total Bedrooms7
Unit 1 Beds Total4
Unit 2 Beds Total3

Bathrooms

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

Other Interior Features

Unit 1 Sq Ft1100
Unit 2 Sq Ft1150
Unit 1 Levels1
Unit 2 Levels1
UnitType1TotalRent2800
UnitType2TotalRent2600
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipRange/Oven - Gas, Refrigerator
Unit 2 Appl/EquipDryer, Range/Oven - Gas, Refrigerator, Washer
BasementFinished, Full, Partial
Fuel TypeGas-Natural

Other Rooms

Unit 2 Rooms6
Unit 1 Rooms6
Unit 1 Room DescriptionBedrooms, Eat-In Kitchen
Unit 2 Room DescriptionBedrooms, Den, Dining Room, Eat-In Kitchen

General for 38-40 Schley St

Architectural Style2-Two Story, Fixer Upper
CoolingSee Remarks
CountyEssex
DirectionsNye Ave to Schley
Drive2 Car Width, Blacktop
EasementNo
Full Baths2
GarageDetached Garage
Garage Spaces2
Gross Income65000
HeatingSee Remarks
Net Operating Income55000
Number Of Units Total2
Open Parking Spaces2
Operating Expense10000
Possessionasap
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount5834
Tax Assessed Value145900
Tax Lot48
Tax Year2025
Total Rooms13
Town #1614
TownshipNewark City
UtilitiesGas In Street
Year Built1940

Exterior for 38-40 Schley St

Exterior DescriptionSee Remarks
Lot Dimensions25X100
Lot FeaturesPossible Subdivision
Lot Size Acres0.06
Water SourcePublic Water

Additional Details

Price History

Charles Torres

Owner
Price $499,999
MLS#4026235
List Date 05/08/2026
Property Type Pending
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