$8,906 Closing Credit¹
Valerie DAmico, Listing Office: Real
$8,906
closing credit¹
279 Osborne Ter Newark City, NJ 07112
$749,999 List price
$8,906
Closing credit¹
10 beds
3 full
0.10 acres
Multi-Family
Property details
About 279 Osborne Ter
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.
Highlights
Home typeMulti Family
HeatingForced Air, Natural Gas
StatusActive
BasementYes
Lot size0.1 Acres
Year built1921
Parking1 Car Width, Detached Garage
MLS #3938383
Garage2 spaces
Summary
- MLS Number: 3938383
- Office Name: REAL
- Office Phone: (718) 510-3012
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Last updated on: 1/30/2025, 7:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$749,999
279 Osborne Ter
$8,906
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
Thurgood Marshall Elementary School
Public District PK-5
0.9 mi
•141 Montgomery Ave # 181
4
George Washington School
Public District 5-5
1.1 mi
•1530 Leslie St
3
Mt. Vernon Avenue Elementary School
Public District KG-5
1.3 mi
•54 Mount Vernon Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $64,020. Residents of Newark City, NJ typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
33%
<35k
36%
35k-100k
28%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
52%
Single, No Kids
27%
Single, with Kids
12%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
11%
12-17 yrs old
23%
18-34 yrs old
40%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
Burlington
Foot Locker
H&M
Where do the neighbors go to eat?
White Castle
Little Caesars
Boston Market
What do the neighbors drive?
Kia
Dodge
Honda
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 279 Osborne Ter in Newark City, NJ and zip code 07112 in the Weequahic neighborhood. Features: 10 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 18, 2024 and is currently priced at $749,999.
In December 2024 more than 17 listings in Newark City, NJ were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 8 were sold below. In December 2024 in Newark City, NJ there were 10.8% more homes for sale than in November. In December 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $440,000.
From Rocket Homes Real Estate and based on county public records data.