132 Ridge St Newark, NJ 07104
- Added:
- Mar 5, 2025
- Days on Market:
- 421
- Last Refresh:
- Apr 30 at 1:06 pm
Property Features for 132 Ridge St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
- Basement Y/N
- 1
- Standard status
- Pending
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 12428
Utilities
- Cooling system
- Multi Units
Building Details
- Year built
- 1940
- Number of units
- 3
- Building materials
- Aluminum Siding
- Roof type
- Flat
- Architectural style
- Other
Listing agent JOHNATHAN WELLINGTON (866) 201-6210
Listing office EXP REALTY, LLC 28 VALLEY ROAD, Montclair, NJ (866) 201-6210
Listing date Mar 5, 2025
MLS# 3949269
Listing URL
Copyright © 2026 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
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1777
- Latitude
- 40.75723
Nearby Similar for Sale
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.
