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    51 Schley St Newark, NJ 07112

    Pending
    For Sale
    $719,000

    3-Three Story, Multi-Family - Newark City, NJ

    Lot size:
    0.09 Acres
    Days on Market:
    157
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 51 Schley St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen
    Bedrooms
    9
    Bathrooms
    5
    Parking
    3
    Parking features
    Driveway
    Basement Y/N
    1
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Other (Heating), Steam

    Building Details

    Year built
    1924
    Number of units
    3
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Keller Williams Mid-Town Direct Realty (973) 762-5400 [email protected]

    Listing agent TOVIA LICHTMAN (973) 762-5400

    Listing date Jul 3, 2025

    MLS# 3963093 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Multi-Family Home, Newark

    Located at 51 Schley St in Newark, this 3-story multi-family home offers an investment opportunity or a spacious living arrangement. The property features 9 bedrooms and 6 bathrooms, providing generous living space across three floors. Each level is designed for privacy and functionality, with large living areas and natural light. The home retains classic charm and offers potential for updates. Highlights include a private backyard and a detached garage. Situated in a prime location, the property is close to local amenities, public transportation, and major highways, providing access to downtown Newark, schools, shopping, and entertainment.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2179
    Latitude
    40.71871

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    FAQs

    What type of property is this?
    Apartment building - Three-story multi-family home with nine bedrooms and six bathrooms.
    Where is this apartment building located?
    The property is located at 51 Schley St Newark, NJ.
    What is the asking price?
    The asking price for this property is $719,000.
    What are key features of this property?
    This property features: - 9 bedrooms and 6 bathrooms offer generous living space.; - Multi-family home presents an excellent investment opportunity.; - Prime location close to local amenities, public transportation, and major highways.
    (973) 762-5400
    Request Owner's contact information
    51 Schley St Newark, NJ 07112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51 Schley St Newark, NJ 07112
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