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Two-Family Home with Finished Basement
For Sale
$670,000

296 Ridgewood Ave, Newark, NJ 07112

MULTI_FAMILY - Newark City, NJ

Property SizeContact for details
Lot Size0.04 Acres
Days on Market56

Property Features for 296 Ridgewood Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 3, Bedroom 5, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 7
Patio and Porch features Patio, Deck
Interior features Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Wood Floors
Exterior features Deck, Patio
Directions Elizabeth Ave to Peddle St to Ridgewood Ave.
Standard status Active
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 8969

Utilities

Utilities Cable Available
Sewer type Public Sewer
Heating system Baseboard, Hot Water(Heating)
Cooling system Central Air
Water source Public

Building Details

Floors in Building 2
Number of units 2
Roof type Composition
Architectural style Other
Listing Agency: UNITED REAL ESTATE
Listed By: EILEEN SANTOS-CRUZ
Added: Jun 17 Changed: Aug 2 Last Checked: Aug 11 at 10:06AM
MLS# 4035126

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.

Investment Insights

Based on property information with market context.

Well-maintained two-family home offering spacious layouts with separate utilities and a finished basement. Interior features include wood floors and high ceilings, along with carbon monoxide detectors, smoke detectors, and a fire extinguisher. Heating is provided by baseboard and hot water (heating), and the home has central air cooling.

Exterior features include a deck and patio. The property is served by public water and public sewer, and the roof is composition.

This layout supports either owner-occupancy or an investor seeking a two-family configuration with independent utility arrangements.

Key Highlights

  • Finished basement in a well‑maintained two‑family home
  • Separate utilities for each unit
  • Central air cooling

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Dental Office (Bike/Boat/Book/etc) Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,068
Businesses Nearby

Demographics for 07112, NJ

29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Well-maintained two-family home with separate utilities, central air, and a finished basement on a 0.04-acre lot.
Where is this duplex located?
The property is located at 296 Ridgewood Ave Newark, NJ.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Finished basement in a well‑maintained two‑family home; Separate utilities for each unit; Central air cooling
More about this property
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