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38-40 Schley St

Newark, NJ, 07112

$499,999Est. $3,203/mo
7 beds2 baths2,250 sqftMulti-Family
47 days on market$222/sqft
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Proppie is already answering buyers — here's what it tells them

How big is the home?
It offers 7 bedrooms, 2 baths, 2,250 square feet. Want me to send you the full details?
What would the monthly payment look like?
At the $499,999 list price, you'd be looking at roughly $3,203/month with 20% down on a 30-year loan — taxes and insurance included in that estimate. Want me to break it down?
Can I schedule a tour?
Absolutely — tell me a day that works and I'll get it set up with Murchison/conley,. Weekends are popular for this one, so earlier is better.

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Introducing an exceptional multi-family opportunity located in the heart of Newark, NJ. This expansive 2,250-square-foot property features seven generously sized bedrooms and two well-appointed bathrooms, ideal for both investors and qualified home buyers looking for a spacious family residence. With ample living space, this home provides versatility for various living arrangements, whether for extended family living or rental opportunities.

Nestled in a vibrant neighborhood, this property offers easy access to local amenities, including shopping, dining, and public transportation, making it a prime choice for urban living. The layout promotes a seamless flow between rooms, featuring a combination of common areas that are perfect for gatherings.

The exterior presents a classic multi-family design with potential for curb appeal enhancements. The large lot provides outdoor space that can be transformed into a garden or recreational area. With the right vision, this home could be a remarkable investment.

Price upon request allows room for negotiation, so do not miss the chance to explore this versatile property. Schedule your showing today and discover the possibilities that await in this Newark gem.

Key features

  • 7 spacious bedrooms perfect for families or rental income
  • 2 bathrooms accommodating large living needs
  • 2,250 square feet of versatile living space
  • Located in a vibrant, accessible neighborhood
  • Potential for outdoor enhancements and curb appeal

The facts

Verified specifications for 38-40 Schley St. Use these to sanity-check anything in the description.

Bedrooms7
Bathrooms2
Square feet2,250
Property typeMulti-Family
Photos on file1
No floor plan on file — ask the agent for one before scheduling a tour.

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