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Two-Unit Duplex with Finished Basement
For Sale
$599,000

111 Ridgewood Ave, Newark, NJ 07108

Multi-Family, Under/Over, Newark City, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market205

Property Features for 111 Ridgewood Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 3, Basement
Directions See gps
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 5316

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Baseboard, Hot Water(Heating)
Water source Public

Amenities

private backyard

Building Details

Year built 1890
Number of units 2
Roof type Shingle
Architectural style Other
Listing Agency: EXIT PLATINUM REALTY · EXIT Realty
Listed By: PATRICK GRANDISON · License #307063
Added: Feb 17 Changed: Sep 8 Last Checked: Sep 10 at 7:06PM
MLS# 4010092

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.

This two-unit duplex contains a three-bedroom residence on each level. The first-floor unit includes a living room, eat-in kitchen, two full bathrooms, and a finished basement with a second kitchen, two bonus rooms, and backyard access. The second-floor unit provides three bedrooms, one full bathroom, a living room, and an eat-in kitchen.

Each unit has separate utilities, while baseboard heating systems serve the property. Additional features include a private backyard, street parking, a shingle roof, public water, and public sewer. Built in 1890, the property is located in Newark City, NJ.

Key Highlights

  • Two residential units, each with 3 bedrooms
  • First‑floor unit includes 2 full bathrooms and a finished basement
  • Finished basement has a second kitchen, 2 bonus rooms, and backyard access

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Skin Care Clinic Parking Lot & Garage Law Firm Nursing Home

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

2
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,233
Businesses Nearby

Demographics for 07108, NJ

28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Income-producing residential property with separate utilities, private outdoor space, and two distinct living units.
Where is this duplex located?
The property is located at 111 Ridgewood Ave Newark, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two residential units, each with 3 bedrooms; First‑floor unit includes 2 full bathrooms and a finished basement; Finished basement has a second kitchen, 2 bonus rooms, and backyard access
More about this property
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