126 Scofield St, Newark City, NJ 07106
Essex County
Key Facts
Description
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.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
2-Two Story
Year Built
1922
Stories
2
Lot Size
0.14 acres
Garage Spaces
30
Days on Market
31
MLS® Listing#
4033370
Property Features
Cooling
Heating
Basement
Parking
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$9,921
Tax year 2025
Assessed Value
$248,100
Parcel Number
1614-04098-0000-00001-0000-
Directions
Google Maps
Affordability Calculator
$140,000
Estimated monthly payment
$3,726/mo
Principal $560,000 · Est. interest $781,250 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $615,097
- Median Listing Price
- 49
- Median Days on Market
- 1,385
- Median Sq Ft
- $417
- Median Price / Sq Ft
- 3,231
- Active Listings
- This home’s price is 14% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
- 126 Scofield St, Newark City, NJ 07106
Getting Around
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
Newark School of Data Science and Information Technology
Secondary · 0.1 mi away
Ivy Hill Elementary School
Elementary · 0.2 mi away
Lincoln Elementary School
Elementary · 0.3 mi away
Vailsburg Middle School
School · 0.5 mi away
Vailsburg Elementary School
Elementary · 0.5 mi away
Mt Vernon Elementary School
Elementary · 0.5 mi away
Madison Avenue School
Elementary · 0.5 mi away
Irvington High School
Secondary · 0.6 mi away
Alexander Street School
Elementary · 0.7 mi away
Immaculate Conception Seminary
School · 0.7 mi away
Burch Charter School of Excellence
Elementary · 0.7 mi away
University Middle School
Secondary School · 0.7 mi away
University Elementary School
Primary School · 0.7 mi away
Prep School for Babies and Children
School · 0.8 mi away
Marshall Elementary School
Elementary · 0.9 mi away
Jajo Learning Center
School · 0.9 mi away
Berkeley Terrace Elementary School
Elementary · 0.9 mi away
Benjamin Banneker Academy
School · 1.0 mi away
The Leaguers
School · 1.0 mi away
Care About Me Program
School · 1.0 mi away
Commute Calculator
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 86 Hawthorne Ave, East Orange City, NJ | $490,000 | 7 | 3 | 2,925 |
| 65 Stone St, Newark City, NJ | $499,000 | 7 | 2 | 1,960 |
| 135 N 4Th St, Paterson City, NJ | $499,000 | 7 | 3 | — |
| 169 Sherman Ave, Newark City, NJ | $499,000 | 9 | 2 | — |
| 135 N 4Th St, Paterson City, NJ | $499,000 | 7 | 3 | — |
| 167 Pearl St 2, Paterson City, NJ | $499,900 | 7 | 3 | — |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: KELLER WILLIAMS - NJ METRO GROUP - 9737837400