349 Osborne Ter, Newark, NJ 07112 - Photo 1

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$975,000

For Sale
Active
Multi-Family
10 Total Beds

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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!

Full Property Details

Full Property Details for 349 Osborne Terrace

General

Price: $975,000
Taxes: $14,455 (2024)
Status: Active
Type: Multi-Family
Source: Garden_State
MLS ID: 3996557
Updated: 12/11/2025
Added to Site: 71 day(s) ago

Interior

Number of Rooms: 16

Rooms

Bathrooms

Total Bathrooms: 5
Full Bathrooms: 5

Bedrooms

Total Bedrooms: 10

Location

County: Essex
Driving Directions: Lyons Ave to Osborne Ter (by Beth Israel Hospital) On the corner of Osborne Ter & Mapes Ave, Next to the Newark Public Library

Heating & Cooling

Cooling Type: 3 Units, Central Air Conditioning
Heating Type: 3 Units, Forced Hot Air
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Natural Gas

Structural Information

Architectural Style: 3-Three Story
Exterior Const.: Aluminum Siding
Basement: Yes
Basement Desc.: Full, Unfinished
Roof: Asphalt Shingles
Year Built: 1922
Remodeled/Updated: 2019

Unit Information

Unit 1

Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Sunroom
Square Feet: 9999
Levels/Stories: 1
Total Bathrooms: 2
Bedrooms: 4

Unit 2

Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room, Sunroom
Square Feet: 9999
Levels/Stories: 2
Total Bathrooms: 2
Bedrooms: 4

Unit 3

Unit Description: Bedrooms, Eat-In Kitchen, Living/Dining Room
Square Feet: 9999
Levels/Stories: 3
Total Bathrooms: 1
Bedrooms: 2

Lot Features

Lot Size (Acres): 0.16
Lot Dimensions: 50 x 138 AVG.
Driveway/Sidewalk: Driveway-Exclusive

Financial Considerations

Operating Expenses: $9,999,999
Assessment Amount: $348,000
Land Assmt: $32,100
Tax Amount: $14,455
Tax Year: 2024

Disclosures and Reports

Block: 3628
Lot Number: 7

Listed by Imperial Home Sales, Inc.

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— 349 Osborne Terrace —

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973-743-1777

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Schools

Schools serving 349 Osborne Terrace

School District:Newark City School District

Name	Grades	Distance
George Washington Carver Elementary School 333 Clinton Place, Newark, NJ 07112	PK-8	0.2 mi
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112	K-8	0.4 mi
Chancellor Avenue Elementary School, Newark, NJ 321 Chancellor Avenue, Newark, NJ 07112	3-8	0.5 mi
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112	K-6	0.5 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	0.7 mi
Louise A. Spencer Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108	PK-8	1.5 mi
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103	K-4	1.6 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	2.3 mi
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106	PK-8	2.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 349 Osborne Terrace Get Price Alerts and Save Property

Date

Details

Price

Change

Source

12/11/2025

Price Reduced

$975,000

-2.4%

MLS

11/06/2025

Listed

$999,000

1006.31%

MLS

6/29/2016

Sold

$90,300

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 349 Osborne Terrace

Year

Property Taxes

Change

Tax Assessment

Change

2024

$14,455

$380,100

—

2022

$14,201

71%

$380,100

—

2021

$8,312

—

$380,100

71%

2021

$8,312

33%

$222,600

—

2021

$6,266

-25%

$222,600

—

2019

$8,372

$222,600

—

2018

$8,221

$222,600

—

2017

$7,925

$222,600

—

2016

$7,657

$222,600

—

2015

$7,366

$222,600

—

2014

$6,903

—

$222,600

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 349 Osborne Terrace

349 Osborne Ter, Newark, NJ 07112 (MLS# 3996557) is a Multi-Family property with 3 units containing 10 bedrooms and 5 full bathrooms. 349 Osborne Ter is currently listed for $975,000 and was received on November 06, 2025. Want to learn more about 349 Osborne Ter? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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349 Osborne Terrace Newark, NJ 07112

Full Property Details for 349 Osborne Terrace

General

Interior

Rooms

Bathrooms

Bedrooms

Location

Heating & Cooling

Utilities

Structural Information

Unit Information

Unit 1

Unit 2

Unit 3

Lot Features

Financial Considerations

Disclosures and Reports

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Quickly Find Out More

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Schools serving 349 Osborne Terrace

Price & Sales History for 349 Osborne Terrace Get Price Alerts and Save Property

Tax History for 349 Osborne Terrace

Estimate the Cost for 349 Osborne Terrace

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