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40 Schley St Newark, NJ 7112

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For Sale
$4,999,999

Two-family property with garage and potential ADU development.

Type:Multi Family
Added:
Apr 15, 2026
Days on Market:
4
Last Refresh:
Apr 1 at 4:40 am

Property Features for 40 Schley St

General Information

Standard status
Active
Property subtype
Multi Family

Building Details

Year Built
1940

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Listing Contact
TAIESHA MURCHISON

Listing agent TAIESHA MURCHISON

Listing office

Listing date Apr 15, 2026

Source Elliman

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 TAIESHA MURCHISON


Overview

Two Lots with Income Potential

This property presents an opportunity to own two lots. The property at 40 Schley Street features a spacious two-family home, delivered vacant. The first-floor unit includes four bedrooms. The second-floor unit has three bedrooms, a dining room, laundry facilities, and a den. The property also features a partially finished basement with three rooms and unfinished bathroom with laundry hookups. Additionally, the property at 38 Schley Street includes a two-car garage, with the potential to add an Accessory Dwelling Unit (ADU) above it. The location has a walk score of 80, indicating it is very walkable, a transit score of 59, indicating good transit options, and a bike score of 41, indicating it is somewhat bikeable.
Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

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  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.2174111
Latitude
40.719036

FAQs

What type of property is this?
Duplex - Two-family property with garage and potential ADU development.
Where is this duplex located?
The property is located at 40 Schley St Newark, NJ.
What is the asking price?
The asking price for this property is $4,999,999.
What are key features of this property?
This property features: Spacious Two‑Family Home delivered vacant, ready for your vision.; Two Lots Included in Sale.; First Floor Unit: Boasts 4 Bedrooms.
More about this property
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