Date
Details
Price
Change
Source
5/09/2026
Listed
$499,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Come see this amazing opportunity to own 2 lots! 2 car Garage on 38 Schley possible chance to add ADU above garage!! Update the 2 family on 40 schley and make a ton money on this spacious 2 family. 4 bedrooms in 1st floor unit 3 bedrooms plus dining room, Laundry, and den in 2nd floor unit WHOLE HOUSE DELIVERED VACANT Plus partially finished basement with 3 rooms and with unfinished bathroom all hookups Laundry also! Come renovate make 3 bed 2 bath each unit ARV $799K LAST BUYER COULDN'T PERFORM
Full Property Details
Full Property Details for 38-40 Schley St
General
- Price: $499,999
- Taxes: $5,834 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4026235
- Updated: 5/9/2026
- Added to Site: Today
Interior
- Number of Rooms: 13
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 7
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Detached Garage
Location
- County: Essex
- Driving Directions: Nye Ave to Schley
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Gas In Street
Structural Information
- Architectural Style: 2-Two Story, Fixer Upper
- Exterior Const.: See Remarks
- Basement: Yes
- Basement Desc.: Finished, Full, Partial
- Roof: Asphalt Shingles
- Year Built: 1940
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen
- Square Feet: 1100
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 4
Unit 2
- Unit Description: Bedrooms, Den, Dining Room, Eat-In Kitchen
- Square Feet: 1150
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 25 x 100
- Driveway/Sidewalk: 2 Car Width, Blacktop
- Lot Description: Possible Subdivision
Financial Considerations
- Expenses: Cold Water, Insurance, See Remarks
- Operating Expenses: $10,000
- Assessment Amount: $119,600
- Land Assmt: $26,300
- Tax Amount: $5,834
- Tax Year: 2025
Disclosures and Reports
- Block: 3073
- Lot Number: 48
Listed by Conley Realty
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 38-40 Schley St —
Conley Realty
973-757-2185
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 38-40 Schley St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112 | K-8 | 0.9 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 1 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.4 mi |
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112 | 9-12 | 0.7 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1.3 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 1.5 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.6 mi |
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106 | PK-8 | 1.7 mi |
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 38-40 Schley St
Tax History
Tax History for 38-40 Schley St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$388
2%
$10,200
—
2022
$381
—
$10,200
—
2021
$381
-2%
$10,200
—
2020
$388
3%
$10,200
—
2018
$377
-2%
$10,200
—
2019
$384
6%
$10,200
—
2017
$363
3%
$10,200
—
2016
$351
4%
$10,200
—
2015
$338
12%
$10,200
—
2013
$301
—
$10,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 38-40 Schley St
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38-40 Schley St, Newark, NJ 07112 (MLS# 4026235) is a Multi-Family property with 2 units containing 7 bedrooms and 2 full bathrooms. 38-40 Schley St is currently listed for $499,999 and was received on May 09, 2026. Want to learn more about 38-40 Schley St? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.