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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

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.
More about this property
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