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    132 Ridge St Newark, NJ 07104

    Pending
    For Sale
    $699,900

    3-Three Story, Multi-Family - Newark City, NJ

    Lot size:
    0.06 Acres
    Days on Market:
    256
    Last Refresh:
    Dec 15 at 4:06 am

    Property Features for 132 Ridge St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Bedrooms
    9
    Bathrooms
    3
    Basement Y/N
    1
    Lot size
    0.06 Acres

    Utilities

    Cooling system
    Multi Units

    Building Details

    Year built
    1940
    Number of units
    3
    Building materials
    Aluminum Siding
    Roof type
    Flat
    Architectural style
    Other

    eXp Realty, LLC (866) 201-6210 [email protected]

    Listing agent JOHNATHAN WELLINGTON (866) 201-6210

    Listing date Apr 4, 2025

    MLS# 3949269 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Spacious Multi-Family Home in Newark

    This expansive 3-family home, suitable for investors or owner-occupants, provides nearly 3,700 sq. ft. of living space. Each unit is currently occupied on a month-to-month basis, offering flexibility for long-term stability or future reconfiguration, and select units can be delivered vacant. The property generates over $5,000 per month in gross income, with the potential to increase revenue to $7,000+ monthly by adjusting below-market rents. Each unit features separate utilities. Located a 10-minute walk to the Light Rail, commuting to Newark Penn Station is convenient. Branch Brook Park is just 5 minutes away, and major highways like Route 280, Route 21, and the Garden State Parkway provide access to the region. The property is located in Newark City, NJ, with a lot size of 0.06 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Gym & Fitness Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1777
    Latitude
    40.75723

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    FAQs

    What type of property is this?
    Triplex - Expansive 3-family home near transportation and parks, ideal for investors.
    Where is this triplex located?
    The property is located at 132 Ridge St Newark, NJ.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: - Potential to increase monthly rental income from $5,000+ to $7,000+ by adjusting rents.; - Qualifies for a special loan program with an interest rate as low as 5.875% and no PMI.; - Each unit has separate utilities, increasing investment appeal.
    (866) 201-6210
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    132 Ridge St Newark, NJ 07104
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