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Caitlin S. Parenteau, ABR, PSA

caitlin.parenteau@cbrealty.com +1(973) 224-4820

$ 749,999

Est. payment | -/mo

10 Beds

3 Baths

2,285 SqFt

Save

$ 749,999

Est. payment | -/mo

Save

10 Beds

3 Baths

2,285 SqFt

OPEN HOUSE

Sat Dec 21, 11:00am - 1:00pm

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,285 sqft

Price per Sqft $328

MLS Listing ID 3938383

Style 3-Three Story, Triplex

Bedrooms 10

Full Baths 3

Year Built 1921

Annual Tax Amount $6,039

Tax Year 2023

Lot Size 4,356 Sqft

Property Description

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.

Location

State NJ

County Essex

Rooms

Basement Bilco-Style Door, Full

Interior

Interior Features Carbon Monoxide Detector, Smoke Detector

Heating Gas-Natural

Cooling None

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features Detached Garage

Garage Spaces 2.0

Utilities Available Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story, Triplex

Others

Senior Community No

Listed by REAL

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(973) 224-4820

caitlin.parenteau@cbrealty.com

47 Route 206, Suite 2, Augusta, 07822, USA

279 Osborne Ter Newark City, NJ 07112

Caitlin S. Parenteau, ABR, PSA

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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279 Osborne Ter