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349 Osborne Ter,Newark City, NJ 07112-2050 | Wright Home Realty

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+01-123-4567

Listing Details

349 Osborne Ter,Newark City, NJ 07112-2050

  • November 8, 2025

Description

Welcome to this impressive 3-family home located in the desirable Weequahic section of Newark, just off Lyons Avenue minutes from Beth Israel Hospital and the Newark Public Library. This property offers exceptional space, modern updates, and great investment potential!The home features:Two spacious 4-bedroom, 2-bath unitsOne 2-bedroom, 1-bath unitFull unfinished basement with high ceilings offering great potential for additional living or recreational spaceEach unit has been tastefully updated, including:Modern bathroomsLiving and dining areas with tile and laminate flooringFully equipped kitchens with granite countertops and stainless steel appliancesThe property also includes a large parking lot that can accommodate 5″8 cars, providing a rare convenience for multi-family living.Tenants are currently on month-to-month leases, giving new owners flexibility for occupancy or rent adjustments.Situated within walking distance to stores, public transportation, and major highways, this property offers easy access to Newark Penn Station, downtown Newark, and New York City, making commuting a breeze.Perfect for investors or first-time buyers looking for a strong income-producing property with low out-of-pocket costs 349 Osborne Terrace is a must-see opportunity in one of Newark’s most historic and convenient neighborhoods!

Details

Last Updated On: November 8th, 2025 at 2:27 am
Property ID:PT-9159293-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 975,000 $
Bedrooms:10
Year Built:1922

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 50X138 AVG.
Lot Identifier: 7
Lot Identifier: 7

Home Details

Open Parking: 8
Basement: Yes
Renovated: 2019
Basmnt/Desc: Yes - Full, Unfinished
Acreage: 0.16
Total Baths: 5.00
Unit Style: 3-Three Story
Number of Units: 3
Rooms: 16
Easement/Desc: Unknown
Exterior Description: Aluminum Siding
Roof Description: Asphalt Shingle
Possesion: AT CLOSING
Unit 1 Appliances/Equipment: CarbMDet,CookGas,Dishwshr,Microwav,Refrig,SmokeDet
Unit 1 Levels: 1
Unit 1 Rooms: 6
Unit 1 Beds: 4
Unit 1 Baths: 2.0
Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 1 Handicap: No
Unit 1 SqFt: 9999
Unit 1 Rent: 2600
Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Sunroom
Unit 1 Security Deposit: 3900
Unit 2 Appliances/Equipment: CarbMDet,CookGas,Dishwshr,Microwav,Refrig,SmokeDet
Unit 2 Levels: 2
Unit 2 Rooms: 6
Unit 2 Beds: 4
Unit 2 Baths: 2.0
Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 2 Handicap: No
Unit 2 SqFt: 9999
Unit 2 Rent: 2900
Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Sunroom
Unit 2 Security Deposit: 4350
Unit 3 Appliances/Equipment: CarbMDet,CookGas,Dishwshr,Microwav,Refrig,SmokeDet
Unit 3 Levels: 3
Unit 3 Rooms: 4
Unit 3 Beds: 2
Unit 3 Baths: 1.0
Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Unit 3 Handicap: No
Unit 3 SqFt: 9999
Unit 3 Rent: 1450
Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
Unit 3 Security Deposit: 2175
Block Identifier: 3628
County Number: 16
Town Number: 1614
YB/Desc: 1922 - Renovated
Easement: Unknown
Parking/Driveway Description: Driveway-Exclusive
Block Identifier: 3628
County Number: 16
Town Number: 1614
Possession: AT CLOSING

Taxes, Fees & Assessments

Gross Operating Income: 9999999
Net Operating Income: 9999999
Tax ID For Property: 1614-03628-0000-00007-0000-
Tax Amount: $14,455.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Land Assessment: $32,100.00
Building Assessment: $348,000.00
Total Assessment: $380,100.00
FHA Age Restricted: No

Utilities

Heat Source: Gas-Natural
Heat System: 3 Units, Forced Hot Air
Cool System: 3 Units, Central Air
Water: Public Water
Sewer: Public Sewer
Utilities: Gas-Natural

Statistics

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