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New Construction Duplex with Private Balconies
For Sale
$925,000
Pending

271-273 Schley St, Newark, NJ 07112

Two three-bedroom units feature hardwood floors, central AC, and private balcony access.

Property SizeContact for details
Lot Size0.09 Acres
Days on Market183

Property Features for 271-273 Schley St

General Information

Standard status Pending
Lot size 0.09 Acres
Property subtype Multi-Family

Units

Unit Mix 2 x 3BR/2BA
Multifamily Units 2

Amenities

private balcony
central AC
hardwood floors
yard space
Listing Agency: KELLER WILLIAMS CITY VIEWS REALTY
Listed By: OSCAR NUNEZ-PAZ 201-519-4739 · License #300194
Source: Thepaulaclarkgroup
Added: Mar 2 Changed: Aug 29 Last Checked: Aug 25 at 8:01AM

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 CITY VIEWS REALTY

Investment Insights

Based on property information with market context.

This new-construction duplex at 271-273 Schley Street in Newark is arranged as two residences, each with three bedrooms and two full bathrooms. The 40 x 100 lot also includes approximately 1208 sqft of finished walkout space, front and rear outdoor areas, and a ground-level half bathroom. Interior details include hardwood flooring, central AC with forced hot air, quartz kitchen countertops, and two-tone cabinetry. The layout separates the living, dining, and kitchen areas within each unit, while private balconies extend from both living rooms.

The backyard has no rear neighbors, and the owner will provide a wooden fence and freshly seeded grass. A 5 years tax abatement is offered. The property is located in Newark, NJ 07112.

Key Highlights

  • New‑construction duplex with two 3‑bedroom, 2‑bathroom units
  • Approximately 1208 sqft of finished walkout space
  • 40 x 100 lot with front and backyard areas

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Acupuncture Skin Care Clinic

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

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,733
Businesses Nearby

Demographics for 07112, NJ

29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
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?
Duplex - Two three-bedroom units feature hardwood floors, central AC, and private balcony access.
Where is this duplex located?
The property is located at 271-273 Schley St Newark, NJ.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: New‑construction duplex with two 3‑bedroom, 2‑bathroom units; Approximately 1208 sqft of finished walkout space; 40 x 100 lot with front and backyard areas
More about this property
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