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$719,000
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Property Description
Located at 51 Schley St in Newark, this expansive 3-story multi-family home presents an excellent investment opportunity or a spacious living arrangement. Featuring 9 bedrooms and 6 bathrooms, the property offers generous living space across three well-designed floors. Each level is thoughtfully laid out for privacy and functionality, with large living areas and an abundance of natural light. The home retains classic charm while providing the potential for updates and customization. Additional highlights include a private backyard, perfect for outdoor gatherings or relaxation, and a detached garage for added convenience. Situated in a prime location, this property is close to local amenities, public transportation, and major highways, providing easy access to downtown Newark, schools, shopping, and entertainment. Whether you're looking for a multi-family investment or a large home, 51 Schley St is a remarkable opportunity.
Full Property Details
Full Property Details for 51 Schley St
General
- Price: $719,000
- Taxes: $11,158 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4009320
- Updated: 2/18/2026
- Added to Site: 9 day(s) ago
Interior
- Number of Rooms: 21
Rooms
Bathrooms
- Total Bathrooms: 5
- Full Bathrooms: 5
Bedrooms
- Total Bedrooms: 9
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: Detached Garage
Location
- County: Essex
- Driving Directions: Nye Ave to Schley St
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Radiators - Steam
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Basement Desc.: Finished, Full
- Roof: Asphalt Shingles
- Year Built: 1924
- Remodeled/Updated: 2026
Unit Information
Unit 1
- Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Dining Room, Eat-In Kitchen, Kitchen, Living Room
- Square Feet: 9999
- Levels/Stories: 1
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.09
- Lot Dimensions: 37.6 x 100
- Driveway/Sidewalk: 1 Car Width, Driveway-Exclusive
Financial Considerations
- Assessment Amount: $264,000
- Land Assmt: $29,400
- Tax Amount: $11,158
- Tax Year: 2024
Disclosures and Reports
- Block: 3083
- Lot Number: 35
Listed by Keller Williams Mid-Town Direct
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Schools
Schools serving 51 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 | 1.5 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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 51 Schley St
Date
Details
Price
Change
Source
2/11/2026
Listed
$719,000
49.4%
MLS
4/12/2021
Sold
$481,250
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 51 Schley St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$11,158
2%
$293,400
—
2022
$10,961
—
$293,400
—
2021
$10,956
43%
$293,400
28%
2021
$7,646
-11%
$228,800
—
2019
$8,605
2%
$228,800
—
2018
$8,450
4%
$228,800
—
2017
$8,145
3%
$228,800
—
2016
$7,871
4%
$228,800
—
2015
$7,571
12%
$228,800
—
2013
$6,756
—
$228,800
—
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 51 Schley St
51 Schley St, Newark, NJ 07112 (MLS# 4009320) is a Multi-Family property with 3 units containing 9 bedrooms and 5 full bathrooms. 51 Schley St is currently listed for $719,000 and was received on February 11, 2026. Want to learn more about 51 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.

