Estimated payment $4,926/month
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.
| 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 | $6,039 | $162,000 | $30,000 | $132,000 |
| 2024 | $6,039 | $162,000 | $30,000 | $132,000 |
| 2022 | $6,052 | $162,000 | $30,000 | $132,000 |
| 2021 | $6,049 | $162,000 | $30,000 | $132,000 |
| 2020 | $6,156 | $162,000 | $30,000 | $132,000 |
| 2019 | $6,093 | $162,000 | $30,000 | $132,000 |
| 2018 | $5,983 | $162,000 | $30,000 | $132,000 |
| 2017 | $5,767 | $162,000 | $30,000 | $132,000 |
| 2016 | $5,573 | $162,000 | $30,000 | $132,000 |
| 2015 | $5,361 | $162,000 | $30,000 | $132,000 |
| 2014 | $5,024 | $162,000 | $30,000 | $132,000 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/06/2025 03/06/25 | For Sale | $799,000 | -- | $350 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $135,000 | Misc Company |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $345,000 | Commercial | |
| Closed | $322,000 | Construction | |
| Closed | $153,000 | New Conventional | |
| Closed | $285,000 | New Conventional | |
| Previous Owner | $35,350 | Unknown | |
| Previous Owner | $250,000 | Unknown | |
| Previous Owner | $230,000 | Adjustable Rate Mortgage/ARM |
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Beautifully Renovated 2 FAMILY Home on Oversized Lot " Newark, NJ Presenting an immaculate and spacious 2-family residence located on a quiet, residential street in Newark's Unity neighborhood. This fully renovated property sits on an oversized lot and features a private driveway and garage, offering valuable off-street parking. The first unit is well-maintained and move-in ready, while the
DIANA DIODONET CHRISTIE'S INT. REAL ESTATE GROUP
Source: Garden State MLS
MLS Number: 3949502
APN: 14-03605-0000-00009
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