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!
Active
Price cut: $24K (12/11)
$975,000
349 Osborne Ter, Newark City, NJ 07112
10beds
29,997sqft
Est.:
Multi Family
Built in 1922
-- sqft lot
$967,400 Zestimate®
$33/sqft
$-- HOA
What's special
Modern bathroomsLarge parking lotFull unfinished basement
- 38 days |
- 166 |
- 9 |
Zillow last checked: 19 hours ago
Listing updated: December 11, 2025 at 06:26am
Listed by:
Liat Weiss 973-743-1777,
Imperial Home Sales, Inc.,
Yariv Raich
Source: GSMLS,MLS#: 3996557
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
- Full bathrooms: 5
Heating
- 3 Units, Forced Air, Natural Gas
Cooling
- 3 Units, Central Air
Features
- Bedrooms, Eat-in Kitchen, Living/Dining Room, Sunroom, Eat-In Kitchen
- Basement: Yes,Full,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 29,997
- Total interior livable area: 29,997 sqft
Property
Parking
- Total spaces: 8
- Parking features: Driveway-Exclusive
- Uncovered spaces: 8
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 6,969.6 Square Feet
- Dimensions: 50 x 138 AVG.
Details
- Parcel number: 1614036280000000070000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1922
- Major remodel year: 2019
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Location
- Region: Newark
Financial & listing details
- Price per square foot: $33/sqft
- Tax assessed value: $380,100
- Annual tax amount: $14,455
- Date on market: 11/6/2025
- Total actual rent: 6950
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
$967,400
$919,000 - $1.02M
$2,666/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2025 | Price change | $975,000-2.4%$33/sqft |
Source: | ||
| 11/6/2025 | Listed for sale | $999,000$33/sqft |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$6,747/mo
Principal & interest
$4765
Property taxes
$1641
Home insurance
$341
Climate risks
Neighborhood: Weequahic
Nearby schools
GreatSchools rating
- 4/10George Washington Carver Elementary SchoolGrades: PK-8Distance: 0.3 mi
- 1/10Weequahic High SchoolGrades: 9-12Distance: 0.5 mi
- 1/10Malcolm X Shabazz High SchoolGrades: 9-12Distance: 1.1 mi
- Loading
- Loading







