181-183 Osborne Terrace Newark, NJ 07112
Weequahic NeighborhoodEstimated payment $4,121/month
About This Home
Back on the Market! Spacious multi-family property in the heart of Newark. Welcome to this versatile multi-family home, perfect for both investors and owner-occupiers! This property features a driveway with a garage on one side and an oversized lot on the other, providing ample parking. One unit features a layout with three bedrooms and one bathroom, a living room, a kitchen, and a dining room, while the other unit boasts a larger space with five bedrooms, two bathrooms, a kitchen, a living room, and a dining room. The home is back due to the discovery of an underground oil tank. The tank has been professionally removed, and environmental remediation is currently underway, with an estimated completion in 8"10 weeks. Property is being sold as-is. Great investment opportunity. close to schools, parks, and public transportation. Low Taxes!! Don't miss out on this potential-packed property!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,305
Year Built
- Built in 1920
Parking
- 1 Car Detached Garage
- Parking Lot
Home Design
- Aluminum Siding
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Utilities
- Window Unit Cooling System
- Standard Electricity
Additional Features
- Leased Solar Hot Water System
- 3,485 Sq Ft Lot
- Unfinished Basement
Listing and Financial Details
- Assessor Parcel Number 1614-03612-0000-00031-0000-
- Tax Block *
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,181 | $165,800 | $18,000 | $147,800 |
| 2024 | $6,181 | $165,800 | $18,000 | $147,800 |
| 2022 | $6,194 | $165,800 | $18,000 | $147,800 |
| 2021 | $6,191 | $165,800 | $18,000 | $147,800 |
| 2020 | $6,300 | $165,800 | $18,000 | $147,800 |
| 2019 | $6,236 | $165,800 | $18,000 | $147,800 |
| 2018 | $6,123 | $165,800 | $18,000 | $147,800 |
| 2017 | $5,902 | $165,800 | $18,000 | $147,800 |
| 2016 | $5,704 | $165,800 | $18,000 | $147,800 |
| 2015 | $5,486 | $165,800 | $18,000 | $147,800 |
| 2014 | $5,141 | $165,800 | $18,000 | $147,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/11/2025 08/11/25 | For Sale | $675,000 | 0.0% | -- |
| 08/06/2025 08/06/25 | Pending | -- | -- | -- |
| 07/26/2025 07/26/25 | For Sale | $675,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $285,000 | -- | |
| Deed | $250,000 | -- | |
| Deed | $189,000 | -- | |
| Deed | $75,000 | -- | |
| Deed | $10,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $228,000 | Adjustable Rate Mortgage/ARM | |
| Closed | $42,750 | Stand Alone Second | |
| Previous Owner | $37,500 | Stand Alone Second | |
| Previous Owner | $200,000 | New Conventional | |
| Previous Owner | $200,000 | No Value Available | |
| Previous Owner | $179,550 | No Value Available | |
| Previous Owner | $53,000 | No Value Available |
Source: Garden State MLS
MLS Number: 3977492
APN: 14-03612-0000-00031
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