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.
Active
$799,000
279 Osborne Ter, Newark City, NJ 07112
10beds
2,285sqft
Est.:
Multi Family
Built in 1921
-- sqft lot
$788,100 Zestimate®
$350/sqft
$-- HOA
What's special
Delightful backyardSeparate heatingSpacious driveway
- 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#: 3949502

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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