Residential Income Multifamily
For Sale
$929,000
Pending
155 Ridgewood Ave, Newark, NJ 07108
For sale multifamily property with walkable access signals and good transit connectivity.
Property SizeContact for details
Days on Market68
Property Features for 155 Ridgewood Ave
General Information
Standard status
Pending
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$867
Building Details
Year Built
2026
Units
2
Listing Agency:
(973) 994-9009
Listed By:
FERNANDA SILVA
Source:
Elliman
Added: Jun 3
Changed: Aug 8
Last Checked: Aug 9 at 10:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of FERNANDA SILVA
Investment Insights
Based on property information with market context.
This is a residential income multifamily property offered for sale. The provided information does not specify the unit mix or any interior/exterior improvements, so details on configuration and condition are not available in the listing data provided.
Access context is supported by transportation scoring metrics. The property shows a Walk Score of 70 (somewhat walkable), a Transit Score of 56 (good transit), and a Bike Score of 48 (somewhat bikeable). These indicators can be relevant for tenant commuting patterns and for setting expectations about day-to-day mobility.
From a tenant or operator perspective, the combination of somewhat walkable access and good transit can support broader renter appeal depending on the surrounding employment and transit options. For buyers, this offering may be evaluated as part of a residential income portfolio strategy, with further due diligence recommended to confirm unit composition, current income, and any property-level systems or updates not included in the supplied remarks.
Access context is supported by transportation scoring metrics. The property shows a Walk Score of 70 (somewhat walkable), a Transit Score of 56 (good transit), and a Bike Score of 48 (somewhat bikeable). These indicators can be relevant for tenant commuting patterns and for setting expectations about day-to-day mobility.
From a tenant or operator perspective, the combination of somewhat walkable access and good transit can support broader renter appeal depending on the surrounding employment and transit options. For buyers, this offering may be evaluated as part of a residential income portfolio strategy, with further due diligence recommended to confirm unit composition, current income, and any property-level systems or updates not included in the supplied remarks.
Key Highlights
- Year built: 2026
- Walk Score: 70 (somewhat walkable)
- Transit Score: 56 (good transit)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - For sale multifamily property with walkable access signals and good transit connectivity.
Where is this multifamily property located?
The property is located at 155 Ridgewood Ave Newark, NJ.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Year built: 2026; Walk Score: 70 (somewhat walkable); Transit Score: 56 (good transit)
