279 Osborne Ter
Newark City, NJ 07112
Price: $799,000
GSMLS: 3949502Type: Multi-Family
Style: 3-Three Story, Triplex
Total Units: 3
Beds: 10
Baths: 3 Full
Garage: 2-Car
Year Built: 1921
Acres: 0.10
Property Tax: $6,160
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 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.
General Info
Style:
3-Three Story, Triplex
SqFt Building:
2,285
Total Rooms:
16
Basement:
Yes - Bilco-Style Door, Full
Interior:
Carbon Monoxide Detector, Smoke Detector
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
45X100
Lot Desc:
n/a
Parking
Garage Capacity:
2-Car
Description:
Detached Garage
Parking:
1 Car Width
Spaces Available:
4
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, Porch, Master Bedroom, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
4
Bathrooms:
1
Total Rooms:
7
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room, Master Bedroom, Utility Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Master Bedroom, Storage
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units, Forced Hot Air
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
G CARVER
Middle:
n/a
High School:
WEEQUAHIC
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$799,000
Tax Amount:
$6,160
Land Assessment:
$30,000
Build. Assessment:
$132,000
Total Assessment:
$162,000
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
3949502
List Date:
03-06-2025
Days On Market:
45
Listing Broker:
REAL
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: FoxHomeHunter.com
