349 Osborne Terrace Unit 351 Newark, NJ 07112
Weequahic NeighborhoodEstimated payment $6,481/month
About This Home
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!
Listing Agent
LIAT WEISS
IMPERIAL HOME SALES, INC. Brokerage Phone: 973-743-1777 Listed on: 11/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,455
Year Built
- Built in 1922 | Remodeled
Home Design
- Aluminum Siding
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Full Bathrooms
Parking
- 8 Parking Spaces
- Private Driveway
Utilities
- Forced Air Heating and Cooling System
- Multiple Heating Units
Additional Features
- Basement Fills Entire Space Under The House
- 6,970 Sq Ft Lot
Community Details
- Net Operating Income $9,999,999
Listing and Financial Details
- Assessor Parcel Number 1614-03628-0000-00007-0000-
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 | $14,170 | $380,100 | $32,100 | $348,000 |
| 2024 | $14,170 | $380,100 | $32,100 | $348,000 |
| 2022 | $14,201 | $380,100 | $32,100 | $348,000 |
| 2021 | $8,312 | $222,600 | $32,100 | $190,500 |
| 2020 | $8,459 | $222,600 | $32,100 | $190,500 |
| 2019 | $8,372 | $222,600 | $32,100 | $190,500 |
| 2018 | $8,221 | $222,600 | $32,100 | $190,500 |
| 2017 | $7,925 | $222,600 | $32,100 | $190,500 |
| 2016 | $7,657 | $222,600 | $32,100 | $190,500 |
| 2015 | $7,366 | $222,600 | $32,100 | $190,500 |
| 2014 | $6,903 | $222,600 | $32,000 | $190,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2025 11/06/25 | For Sale | $999,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | -- | |
| Deed | $110,000 | -- | |
| Deed | $90,300 | Riverside Abstract Nj | |
| Deed | $33,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $332,500 | New Conventional | |
| Previous Owner | $165,000 | No Value Available | |
| Previous Owner | -- | No Value Available | |
| Previous Owner | $113,250 | FHA |
Source: Garden State MLS
MLS Number: 3996557
APN: 14-03628-0000-00007
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