25 days on rocket

279 Osborne Ter, Newark City, NJ, 07112

$749,999

Home List Price

$8,906*

Closing Credit

10 Bedrooms
3 Full Baths
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

279 Osborne Ter, Newark$749,999

Buyer Closing Credits

$8,906*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
Parking1 Car Width, Detached Garage
Garage2 spaces
Year Built1921
HeatingForced Air, Natural Gas
BasementYes
MLS #3928825
Lot Size0.10 Acres
StatusActive

About 279 Osborne Ter

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.

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story
  • Year Built: 1921

Listing Office:

  • Office Name: NEW AND MODERN GROUP
  • Office Phone: (718) 510-3012

Interior Features

Interior Information:

  • Appliances: Refrigerator
  • Basement: Yes
  • Interior: Carbon Monoxide Detector, Security System, Smoke Detector

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: 1 Car Width, Detached Garage

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas

School Info

Assigned Schools Information:

  • Weequahic High School, Public District Grades 9-12
  • Malcom X Shabazz High School, Public District Grades 9-12
  • Central High School, Public District Grades 9-12
  • George Washington Carver Elementary School, Public District Grades PK-8

Other

Directions Information:

  • Directions: Lyons Place to Osborne Terrace

Price Information

Listing Price Info

Price Summary:

  • List Price: $749,999
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Newark, NJ.

Map thumbnail provided by MapBox

Newark, NJ

City

Med. Sold Price

$396.1K

Med. Price/SqFt

$204

Avg. Days On Market

75

# of Sold Homes

34

279 Osborne Ter vs Newark

25 DAYS ON ROCKET

-50 Days

$749,999

+$353.8K More

KEY TAKEAWAY

This property is $353.8K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3928825

Listing Office:

  • Office Name: NEW AND MODERN GROUP
  • Office Phone: (718) 510-3012

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 8:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1884848
3
/10

  • George Washington Carver Elementary School

  • 333 Clinton Pl

  • 0.34 miles

  • Public District Grades PK-8

High School

school-card-donut-1884849
1
/10

  • Weequahic High School

  • 279 Chancellor Ave

  • 0.63 miles

  • Public District Grades 9-12

school-card-donut-1884850
1
/10

  • Malcom X Shabazz High School

  • 80 Johnson Ave

  • 0.99 miles

  • Public District Grades 9-12

school-card-donut-1884851
1
/10

  • Central High School

  • 250 18th Ave

  • 1.42 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,020. Typical income of Newark, NJ residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07112›279 Osborne Ter

This home is located at 279 Osborne Ter in Newark City, NJ and zip code 07112 in the Weequahic neighborhood. This home, which was built in 1921, sits on a 0.10 acre lot. Features: 10 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 11, 2024 and is currently priced at $749,999.

Newark, NJ housing market in October 2024 saw over 24 listings sold above listed price, more than 3 sold at listed price and over 7 sold below. The number of homes for sale in Newark, NJ increased by 25.4% between September 2024 and October 2024. Listings spent 75 days on the market in October 2024, and had a median list price of $396,125 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More Resources