Welcome to 124-126 Schofield Street, a spacious and well-maintained multifamily property located in Newark's desirable 07106 neighborhood. Offering over 4,300 square feet of living space, this impressive property presents an outstanding opportunity for both investors and owner-occupants alike. Each unit provides generous living areas, functional layouts, and ample natural light, creating comfortable spaces for residents to call home. The property's size and configuration offer excellent income-producing potential while still providing flexibility for a variety of ownership strategies. Situated on a sizable lot, the home is conveniently located near major transportation routes, public transit, schools, parks, shopping, and dining. Commuters will appreciate the easy access to Newark, New York City, and surrounding Essex County destinations. Whether you're looking to expand your investment portfolio or secure a property with strong long-term upside, 124-126 Schofield Street delivers space, convenience, and opportunity in one of Newark's most active housing markets. Don't miss your chance to own this exceptional multifamily property.
32 days
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975
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69
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Zillow last checked:
Listing updated:
Listed by:
Brendan Dasilva973-783-7400,
Keller Williams - Nj Metro Group
Source: GSMLS,MLS#: 4033370
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4
Heating
Radiators - Steam, Natural Gas
Cooling
Window Unit(s)
Appliances
Included: See Remarks
Features
Bedrooms, Dining Room, Kitchen, Living Room
Basement: Yes,Unfinished
Has fireplace: No
Interior area
Total structure area: 0
Property
Parking
Total spaces: 30
Parking features: 1 Car Width, Detached Garage
Garage spaces: 30
Uncovered spaces: 1
Features
Levels: Two
Stories: 2
Lot
Size: 6,098 Square Feet
Dimensions: 48 x 126
Details
Parcel number: 1614040980000000010000
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Materials
Brick
Roof: See Remarks
Condition
Year built: 1922
Utilities & green energy
Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected
Community & HOA
Location
Region: Newark
Financial & listing details
Tax assessed value: $248,100
Annual tax amount: $9,921
Date on market: 6/9/2026
Total actual rent: 0
Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Gas, Tenant Pays Water, Tenant Pays Electric
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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