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  • $799,000

    279 Osborne Ter, Newark City, NJ 07112

    10beds
    2,285sqft
    : 
    Multi Family
    Built in 1921
    -- sqft lot
    $788,100 Zestimate®
    $350/sqft
    $-- HOA

    What's special

    Delightful backyardSeparate heatingSpacious driveway
    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.
    152 days
    on Zillow
    |
    310
    |
    22
    |

    Zillow last checked: August 04, 2025 at 11:58pm

    Listing updated: March 06, 2025 at 11:25am

    Listed by:

    Valerie D Amico 718-510-3012,

    Real

    Source: GSMLS,MLS#: 3949502MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 279 Osborne Ter.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • 3 Units, Forced Air, Natural Gas
    Appliances
    • Included: Range/Oven - Gas, Refrigerator
    Features
    • Bedrooms, Eat-in Kitchen, Living Room, Master Bedroom, Storage, Eat-In Kitchen, Kitchen, Utility Room
    • Basement: Yes,Bilco-Style Door,Full
    • Has fireplace: No
    Interior area
    • Total structure area: 2,285
    • Total interior livable area: 2,285 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: 1 Car Width, Detached Garage
    • Garage spaces: 2
    • Uncovered spaces: 4
    Features
    • Levels: 3-Three Story
    • Stories: 3
    • Patio & porch: Porch
    Lot
    • Size: 4,356 Square Feet
    • Dimensions: 45 x 100
    Details
    • Parcel number: 1614036050000000090000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Vinyl Siding
    • Roof: Asphalt Shingle
    Condition
    • Year built: 1921

    Utilities & green energy

    • Gas: Gas-Natural
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Natural Gas Connected

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s), Carbon Monoxide Detector, Smoke Detector
    Location
    • Region: Newark

    Financial & listing details

    • Price per square foot: $350/sqft
    • Tax assessed value: $162,000
    • Annual tax amount: $6,160
    • Date on market: 3/7/2025
    • Exclusions: Airconditioning units, security system and cameras and alarm systems
    • Total actual rent: 0
    • Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
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