279 Osborne Terrace

Newark, NJ 07112

$749,999
Price
10
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by VALERIE D AMICO • REAL

Property Details for 279 Osborne Terrace

Directions
Lyons Place to Osborne Terrace
Days On Market
0

Open Houses

Friday, Dec 20th

3:00 PM - 5:00 PM

Public

Saturday, Dec 21st

11:00 AM - 1:00 PM

Public

LISTING UPDATED: 12/17/2024 06:31 PM

Property Details for 279 Osborne Terrace

StatusActive
MLS #3938383
Days on Market1
Taxes$6,039 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built1921
Lot Size0.10 AC / 4,356 SF
CountyEssex County

Building Information for 279 Osborne Terrace

Stories-Residences3Year Built1921Building Size-Lot Size0.10 AC / 4,356 SF

Property Information for 279 Osborne Terrace

Summary
Location and General Information
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 3605
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 279.0
  • # Parking Spaces: 4
  • County Or Parish: Essex
  • Street Name: Osborne Ter
  • Zip Code: 07112-2126
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $6,039
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Assessment Total: 162000.0
  • Tax ID For Property: 1614-03605-0000-00009-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2024
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: 1 Car Width
  • # Garage Spaces: 2
  • Garage Description: Detached Garage
Property
Lot Information
  • Lot Identifier: 9
  • Approximate Lot Size: 45X100
  • Total Acres: 0.1
  • Construction Date/Year Built: 1921
  • Construction Date/Year Built Des: Standing
Property and Assessments
  • Assessment Bldg: 132000.0
  • Assessment Land: 30000.0
Utilities
  • Cooling: No Cool
  • Utilities: Gas-Natural
  • Water: Public Water
  • Heating: 3 Units, Forced Hot Air
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Vinyl Siding
Interior Features
  • Interior Features: Carbon Monoxide Detector, Smoke Detector
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Full
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 0.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Porch, Master Bedroom, Storage
  • Unit 1 Rooms: 6.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 1200.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 4
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 0.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Kitchen, Living Room, Master Bedroom, Utility Room
  • Unit 2 Rooms: 7.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 1200.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 3
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 0.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Master Bedroom, Storage
  • Unit 3 Rooms: 5.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 800.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00
Rental
Rental Information
  • Home Warranty: false

Property History for 279 Osborne Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 279 Osborne Terrace

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - PK to 8
Public - PK to 8
Rating
School
Distance
B.R.I.C.K. Peshine Academy
PublicPK to 8

Hawthorne Avenue Elementary School
PublicPK to 8

Belmont-Runyon Elementary School
PublicPK to 8

George Washington Carver Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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279 Osborne Terrace is a multi-family home for sale in Newark, NJ 07112. This listing's school district is The Newark Public School District. Nearby schools include B.R.I.C.K. Peshine Academy, Hawthorne Avenue Elementary School and Belmont-Runyon Elementary School. 279 Osborne Terrace is a 10-bed, 3-bath, multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REAL, VALERIE D AMICO

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 12/18/2024 02:28 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 12/18/2024 02:28 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.