46-48 Osborne Ter

Newark City, NJ 07108


 

Price: $985,000

GSMLS:  4010156
Type: Multi-Family
Style: 3-Three Story, See Remarks
Total Units: 3
Beds: 8
Baths: 5 Full & 1 Half
Garage: 2-Car
Year Built: 1952
Acres: 0.17
Property Tax: $11,024
Description
Welcome to this exceptional legal three-family home a rare opportunity offering both comfortable living and outstanding investment potential. Pride of ownership shines throughout this meticulously maintained property, featuring a 6-car backyard parking area and a picturesque gazebo with sweeping views of the New York City skyline, creating the perfect ambiance for relaxing or entertaining. A potential bonus basement unit adds even more value and flexibility. Each unit is thoughtfully designed and in excellent condition, offering large eat-in kitchens, spacious living and dining areas, generous bedrooms, and abundant storage delivering comfort, functionality, and lasting appeal for residents. Ideally located within walking distance to schools, restaurants, shopping, and everyday conveniences, this home provides the lifestyle today's buyers seek. The property will be delivered with two vacant units, including the largest, creating an ideal opportunity to live in one unit while generating rental income, or to maximize returns as a fully income-producing asset. Enjoy an exceptional commuter convenience just minutes from Newark Liberty International Airport via the Route 78 corridor and close to Newark Penn Station with direct Midtown service to Manhattan.
General Info
Style:
3-Three Story, See Remarks
SqFt Building:
n/a
Total Rooms:
16
Basement:
Yes - Finished, Full, Walkout
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Wood Floors
Roof:
Asphalt Shingle
Exterior:
See Remarks, Vinyl Siding
Lot Size:
50X152.10 AVG.
Lot Desc:
Level Lot, Skyline View
Parking
Garage Capacity:
2-Car
Description:
On Site, See Remarks
Parking:
1 Car Width, Blacktop, See Remarks
Spaces Available:
6
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Family Room, Living Room, Porch
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Ceiling Fan(s), Range/Oven - Gas, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
2
Total Rooms:
7
Room Description:
Bedrooms, Dining Room, Eat-In Kitchen, Living Room, Porch, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Ceiling Fan(s), Range/Oven - Gas, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Living/Dining Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Ceiling Fan(s), Range/Oven - Gas, See Remarks
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units, Forced Hot Air, See Remarks
Heating Fuel:
Gas-Natural, See Remarks
Cooling:
Central Air, Multi-Zone Cooling
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Cable TV Available
School Information
Elementary:
HAWTHORNE
Middle:
SCIENCE
High School:
TECHNOLOGY
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
Clinton Hill
Financial Considerations
List Price:
$985,000
Tax Amount:
$11,024
Land Assessment:
$22,500
Build. Assessment:
$267,400
Total Assessment:
$289,900
Tax Rate:
3.80
Tax Year:
2024
Listing Information
MLS ID:
4010156
List Date:
02-17-2026
Days On Market:
1
Listing Broker:
BHHS JORDAN BARIS REALTY
Listing Agent:
Blossom Vernon
 

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Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: DrakesvilleCondos.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
Office: (973) 598-1008


Shawn and Diane Fox