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Eric DeSilva

eric.desilva@exprealty.com +1(973) 542-9302

$ 975,000

Est. payment -/mo

Save

Price Dropped by $24K

349 Osborne Ter Newark City, NJ 07112

10 Beds

5 Baths

29,997 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 29,997 sqft

Price per Sqft $32

MLS Listing ID 3996557

Style 3-Three Story

Bedrooms 10

Full Baths 5

Year Built 1922

Annual Tax Amount $14,455

Tax Year 2024

Lot Size 6,969 Sqft

Property 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!

Location

State NJ

County Essex

Rooms

Basement Full, Unfinished

Interior

Heating Gas-Natural

Cooling 3 Units, Central Air

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum Siding

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Listed by IMPERIAL HOME SALES, INC.

Nearby Locations

SCHOOLSPROPERTIES

Elementary Schools 20

10

North Star Academy Charter Schools of Newark

Public | KG - 12
7

Pride Academy Charter School

Public | 5 - 8
6

Clinton Elementary School

Public | PK - 5
6

Mt. Vernon Place Elementary School

Public | PK - 8
6

George Washington School

Public | 5 - 5
6

The Gray Charter School

Public | KG - 8
6

Oliver Street Elementary School

Public | PK - 8
5

Sherman Elementary School

Public | KG - 5
5

Newark Legacy Charter School

Public | KG - 4
5

Dr. Antonia Pantoja School #27

Public | PK - 8
5

Langston Hughes Elementary School

Public | PK - 5
5

Dr. Orlando Edreira Academy School No. 26

Public | PK - 8
5

Ecole Toussaint Louverture

Public | PK - 5
5

Dr. Albert Einstein Academy School No. 29

Public | PK - 8
5

Ronald Reagan Academy School No. 30

Public | PK - 8
5

Madison Monroe School #16

Public | PK - 8
5

Roseville Community Charter School

Public | KG - 3
5

New Horizons Community Charter School

Public | KG - 5
5

Phillip's Academy Charter School

Public | KG - 8
5

Team Academy Charter School

Public | KG - 12

Middle Schools 18

9

Science Park High School

Public | 7 - 12
7

Great Oaks Charter School

Public | 6 - 9
5

Arts High School

Public | 7 - 12
4

Krumbiegel Middle School

Public | 6 - 8
4

University High School

Public | 7 - 12
4

American History High School

Public | 6 - 12
3

Union Avenue Middle School

Public | 6 - 8
3

Universiy Middle School

Public | 6 - 8
2

Merit Preparatory Charter School of Newark

Public | 6 - 7
1

Eagle Academy

Public | 6 - 7
1

Newark Early College High School

Public | 6 - 10
0

Rav Teitz Mesivta Academy

Private | 6 - 12
0

Bruriah High School for Girls

Private | 7 - 12
0

Fast Track Success Academy

Public | 6 - 12
0

Elyon Learning Center Academy

Private | 8 - 12
0

Link Community School

Private | 7 - 8
0

St Benedict's Preparatory School

Private | 7 - 12
0

Alif Muhammad's Nia School

Private | 8 - 12

High Schools 20

8

Bard Early College High School

Public | 9 - 12
7

Alexander Hamilton Preparatory Academy

Public | 9 - 12
5

Newark Tech

Public | 9 - 12
3

Hillside High School

Public | 9 - 12
3

People's Preparatory Charter School

Public | 9 - 11
2

Newark Vocational High School

Public | 9 - 12
1

Irvington High School

Public | 9 - 12
1

Weequahic High School

Public | 9 - 12
1

West Side High School

Public | 9 - 12
1

Central High School

Public | 9 - 12
1

Malcom X Shabazz High School

Public | 9 - 12
1

Barringer High School

Public | 9 - 12
1

Paulo Freire Charter School

Public | 9 - 10
1

Newark Preparatory Charter School

Public | 9 - 10
0

Benedictine Academy

Private | 9 - 12
0

Newark Bridges High School

Public | 9 - 12
0

Newark Innovation Academy

Public | 9 - 12
0

Newark Leadership Academy

Public | 9 - 12
0

St Vincent Academy

Private | 9 - 12
0

Visions Academy Charter High School

Public | 9 - 12

School and business data provided by Attom Data.