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Vacant Two-Unit Duplex
New
For Sale
$650,000

71 Schley St Unit 2, Newark, NJ 07112

Legal two-family property with separate utilities, private access points, off-street parking, and a full unfinished basement.

Property SizeContact for details
Days on Market6

Property Features for 71 Schley St Unit 2

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 1 x 2BR/1BA, 1 x 4BR/2BA
Multifamily Units 2

Amenities

laundry hookups

Building Details

Year Built 1880
Listing Agency: LIFESTYLE INTERNATIONAL REALTY
Listed By: MARIA GUERRA
Source: Luminancerealty
Added: Sep 22 Changed: Sep 23 Last Checked: Sep 26 at 8:33AM

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 LIFESTYLE INTERNATIONAL REALTY

Investment Insights

Based on property information with market context.

This legal two-family duplex at 71 Schley St Unit 2 in Newark includes a first-floor residence with two bedrooms, one full bath, an eat-in kitchen, and a living room. The upper residence offers four bedrooms and two full baths, including a primary bedroom with a private bath, along with an eat-in kitchen, living room, and additional family room. Both units have separate utilities and front and rear access, while front and rear staircases connect the property to a full unfinished basement with laundry hookups. The property was built in 1880 and will be delivered vacant.

Parking includes a two-car garage and a driveway accommodating 4+ additional vehicles. The property is near shopping, dining, parks, public transportation, Newark Penn Station, Newark Liberty International Airport, and surrounding highways.

Key Highlights

  • Two‑family duplex with 2‑bedroom and 4‑bedroom units
  • Separate utilities and front and rear access for both units
  • Full unfinished basement with laundry hookups

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Acupuncture Nursing Home 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
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,532
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Legal two-family property with separate utilities, private access points, off-street parking, and a full unfinished basement.
Where is this duplex located?
The property is located at 71 Schley St Unit 2 Newark, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two‑family duplex with 2‑bedroom and 4‑bedroom units; Separate utilities and front and rear access for both units; Full unfinished basement with laundry hookups
More about this property
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