Property

Newark City, NJ 07112 279 Osborne Ter

279 Osborne Ter Newark City, NJ - Image 1279 Osborne Ter Newark City, NJ - Image 2279 Osborne Ter Newark City, NJ - Image 3
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Presented By: REAL; 718-510-3012
  • MLS# 3949502
  • 03/06/2025
  • Request Tour
  • Request Info
  • Beds • 10
  • Baths • 3
  • SQFT • 2,285
  • Garage • 2

Home Details

Welcome to 279 Osborne Terrace, a remarkable investment opportunity nestled in the heart of Newark, NJ. This 3-family home boasts 10 bedrooms and 3 bathrooms across its impressive 4500 square foot lot. Each of the three units, comprising a 4-bedroom and two 3-bedroom apartments, has been completely renovated in 2020, offering a fresh and modern living space. This property is perfectly poised for both long-term leasing and short-term rental opportunities, fully compliant with local short-term rental regulations. Whether you're looking to cater to long-stay tenants or capitalize on the lucrative short-term rental market, 279 Osborne Terrace is an investor's dream. Tenants will appreciate the autonomy of separate heating, ensuring personal comfort and expense control. The residence also features a spacious driveway with 4 parking spaces and a 2-car garage, a delightful backyard for leisure, and a full basement for additional storage or potential expansion. With its new siding and less than 3 miles proximity to Newark airport, this house is an attractive prospect for commuters and travelers alike. Seize the chance to own this versatile property; it's not just a home, it's a smart financial move. This home has no leases, no tenants, and will be delivered completely vacant.
Presented By: REAL; 718-510-3012

Interior Features for 279 Osborne Ter

Bedrooms

Total Bedrooms10
Unit 1 Beds Total3
Unit 2 Beds Total4
Unit 3 Beds Total3

Bathrooms

Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Unit 3 Baths Total1.0

Other Interior Features

Unit 1 Sq Ft1200
Unit 2 Sq Ft1200
Unit 3 Sq Ft800
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
UnitType1TotalRent0
UnitType2TotalRent0
UnitType3TotalRent0
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Unit 2 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Unit 3 Appl/EquipCarbon Monoxide Detector, Range/Oven - Gas, Refrigerator
BasementBilco-Style Door, Full
Fuel TypeGas-Natural
Interior AmenitiesCarbon Monoxide Detector, Smoke Detector

Other Rooms

Unit 2 Rooms7
Unit 1 Rooms6
Unit 3 Rooms5
Unit 3 Room DescriptionBedrooms, Eat-In Kitchen, Master Bedroom, Storage
Unit 1 Room DescriptionBedrooms, Eat-In Kitchen, Living Room, Porch, Master Bedroom, Storage
Unit 2 Room DescriptionBedrooms, Eat-In Kitchen, Kitchen, Living Room, Master Bedroom, Utility Room

General for 279 Osborne Ter

Architectural Style3-Three Story, Triplex
CoolingNone
CountyEssex
DirectionsTo reach 279 Osborne Terrace, Newark, NJ, by car, take Garden State Parkway Exit 143, merge onto Springfield Avenue, then turn right onto Grove Street
Drive1 Car Width
EasementNo
Elementary SchoolG CARVER
ExclusionsAirconditioning units, security system and cameras and alarm systems
Full Baths3
GarageDetached Garage
Garage Spaces2
Gross Income
Heating3 Units, Forced Hot Air
High SchoolWEEQUAHIC
Home Warranty Y/NNo
Net Operating Income
Number Of Units Total3
Open Parking Spaces4
Operating Expense0
PossessionAt Closing
RoofAsphalt Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount6160
Tax Assessed Value162000
Tax Lot9
Tax Year2024
Total Rooms16
Town #1614
TownshipNewark City
UtilitiesGas-Natural
Year Built1921

Exterior for 279 Osborne Ter

Building Area Total2285
Exterior DescriptionVinyl Siding
Lot Dimensions45X100
Lot Size Acres0.10
Water SourcePublic Water

Additional Details

Price History

Schools

Middle School N/A
High School Weequahic High School
Elementary School G Carver Elementary School

Tina Torres

Broker/Owner
Price $799,000
MLS#3949502
List Date 03/06/2025
Property Type Multi-Family
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