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New Construction Duplex with Walkout Space
For Sale
$925,000

271 Schley Street, Newark, NJ 07112

Two three-bedroom units feature hardwood flooring, private balconies, quartz kitchens, and central air conditioning.

Property Size1,336 SF
Price / SF$692.37
Days on Market131

Property Features for 271 Schley Street

General Information

Standard status Active
Size 1,336 SF
Property subtype Multi Family / 3-Three Story

Taxes and HOA fees

Annual Taxes $799

Amenities

Yes
Asphalt Shingle
Full, Slab, Walkout
Aluminum Siding, Brick/Block, Clapboard

Building Details

Year Built 2026
Listing Agency: KELLER WILLIAMS CITY VIEWS REALTY
Listed By: OSCAR NUNEZ-PAZ · License #300194
Source: Compass
Added: Apr 23 Changed: Aug 29 Last Checked: Aug 31 at 1:33AM

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 2026-built duplex at 271 Schley Street includes two three-bedroom residences, with each unit offering two full bathrooms, hardwood floors, central AC, and forced-hot-air heating. Interior layouts separate the living rooms, dining areas, and kitchens, which feature quartz countertops and two-tone cabinetry. Private balconies extend from each living room, while the property also provides front and rear outdoor areas on a 40 x 100 lot.

Approximately 1,208 square feet of finished walkout space adds substantial flexibility below the apartments. The property includes six bedrooms, four full bathrooms, and one half bathroom overall, along with a full, slab, and walkout basement configuration. The rear of the property has no rear neighbors. The owner will provide a wooden fence and freshly seeded grass; the backyard and fence have been virtually enhanced in the marketing materials. A 5-year tax abatement is offered.

Key Highlights

  • 2026‑built duplex with two 3‑bedroom, 2‑bath units
  • Approximately 1,208 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.

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 flooring, private balconies, quartz kitchens, and central air conditioning.
Where is this duplex located?
The property is located at 271 Schley Street 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: 2026‑built duplex with two 3‑bedroom, 2‑bath units; Approximately 1,208 sqft of finished walkout space; 40 x 100 lot with front and backyard areas
More about this property
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