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Multifamily Property with Natural Light
For Sale
$700,000

126 Scofield Street, Newark, NJ 07106

Multifamily property with functional layouts, generous living areas, and connected electric, natural gas, and water utilities.

Property SizeContact for details
Days on Market63

Property Features for 126 Scofield Street

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Public Transit Yes

Amenities

Electricity Connected, Natural Gas Connected, Sep Heat, Water Connected
Listing Agency: KELLER WILLIAMS - NJ METRO GROUP
Listed By: Brendan DaSilva · License #1753996
Source: Kw
Added: Jun 10 Changed: Aug 10 Last Checked: Aug 10 at 4:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS - NJ METRO GROUP

Investment Insights

Based on property information with market context.

This multifamily property offers over 4,300 square feet of living space across multiple residential units. The layouts include generous living areas and receive ample natural light, providing practical residential interiors for occupants. Separate heat is also in place.

Electricity, natural gas, and water are connected. The property is positioned near major transportation routes, public transit, schools, parks, shopping, and dining. Access to Newark, New York City, and destinations throughout Essex County is also identified as a property benefit.

Key Highlights

  • Over 4,300 square feet of living space
  • Multiple units with generous living areas and functional layouts
  • Ample natural light throughout the residential interiors

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Cafe & Coffee Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,211
Businesses Nearby

Demographics for 07106, NJ

34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Multifamily property with functional layouts, generous living areas, and connected electric, natural gas, and water utilities.
Where is this multifamily property located?
The property is located at 126 Scofield Street Newark, NJ.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Over 4,300 square feet of living space; Multiple units with generous living areas and functional layouts; Ample natural light throughout the residential interiors
More about this property
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