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272 Schley St, Newark, NJ, 07112

8beds
6baths
29,997sqft
$845,000
$28price/sqft
$9,500/moest. monthly cost
$380,000/yrincome needed

About This Home

Completely renovated 2-family property offering the perfect opportunity for both homeowners and investors. Each unit features beautiful white shaker cabinets, elegant white quartz countertops, stainless steel appliances, and modern finishes throughout. Enjoy the comfort of central air conditioning and forced hot air heating in both units. Washer and dryer hookups are available for added convenience.The property is fully fenced with a private gated entrance, providing privacy and security. This spacious property also includes a finished attic and finished basement, offering additional living space and flexibility. Two separate driveways, one on each side of the property, provide ample parking and convenience.Ideal for owner-occupants looking to offset their mortgage with rental income or investors seeking a turnkey income-producing property. Conveniently located near major highways, public transportation, schools, shopping, and local amenities. A great opportunity to generate rental income while enjoying comfortable living in one of the units. Don't miss this fully renovated, move-in-ready, income-producing property.

Getting Around

81
WalkingVery Walkable
56
TransitGood Transit
50
BikeBikeable

Schools

1/10
Weequahic High SchoolGrades 9-120.3 mi
1/10

Construction

Condition

  • Year built: 2026

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Aluminum Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Range/Oven - Gas,Refrigerator,See Remarks,Dryer,Microwave Oven
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes
  • Basement: Yes,Finished

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 6
  • Full bathrooms: 6

Features

  • Bedrooms,Eat-in Kitchen,Living/Dining Room,Eat-In Kitchen,Attic,See Remarks

Heating & Cooling

  • Heating features: 3 Units,Natural Gas
  • Cooling features: 3 Units

Interior Area

  • Total structure area: 29,997
  • Total interior livable area: 29,997 sqft

Property

Details

  • Parcel number: 1614037330000000700000

Features

  • Levels: 3-Three Story
  • Stories: 3

Lot

  • Lot size: 3,920 sqft
  • Lot size dimensions: 40 x 100

Parking

  • Total spaces: 2
  • Parking features: 2 Car Width,Garage,See Remarks
  • Has garage: Yes
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,272$51,264
Home Insurance *$444$5,328
Property Taxes $1,478$17,736
Electricity $3,306$39,680
Total$9,500$114,000
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$325,714/yr
40% on housing$285,000/yr
45% on housing$253,333/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$28This listing

vs Other Active Listings

Avg $/sqft

ZIP 07112$279
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07112$186
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-11Pending sale$845,000
2026-06-02Listed for sale$845,000

For Sale by Agent

AgentOscar Castro
BrokerageOption 1 Realty Group, Llc

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