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Residential Income Property

131 Ridgewood Ave # 3, Newark, NJ 07108

For Sale
New
Contact for pricing

The third-floor residence features hardwood flooring, in-unit laundry, and a separate suite with its own bathroom.

Property SizeContact for details
Days on Market2

Property Features for 131 Ridgewood Ave # 3

General Information

Standard status Active
Property subtype Multi-Family

Site & Location

Neighborhood Lower Clinton Hill
Highway Access Yes
Public Transit Yes

Amenities

eat-in kitchen
suite with own bathroom
hardwood floors
laundry facilities
blacktop backyard
3
In Unit
Public Water
25X105
0.06

Building Details

Year Built 1877
Listing Agency: KELLER WILLIAMS TEAM REALTY
Listed By: Andrea Lew
Source: Skyrealtyintl
Added: Nov 8 Last Checked: Nov 9 at 8:08AM

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 KELLER WILLIAMS TEAM REALTY

Rey
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Investment Insights

Based on property information with market context.

This third-floor residence offers three bedrooms and two full bathrooms, including a suite with a private bath. The layout also includes an eat-in kitchen and a large living room. Hardwood floors, fresh paint, and in-unit laundry are noted among the interior features. Access to the residence is by extra-wide steps.

The property is on a quiet block near Route 78, the turnpike, and Clinton Avenue. Public transportation is available at the corner of the block, with service to Newark and New York Penn Station. Street parking is noted, and the backyard has a blacktop surface.

Key Highlights

  • Three bedrooms and two full bathrooms, including a suite with its own bath
  • Third‑floor residence with access by extra‑wide steps
  • Hardwood floors and fresh paint

Property Analytics

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Open Analytics

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,246
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
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Market

Average Price Trend$/SF for Residential income properties in Newark, NJ

$331 Jul
$268 Aug
$243 Sep
$236 Oct

Properties on Market for Residential income properties in Newark

Jul
Aug
Sep
Oct

Frequently Asked Questions

What type of property is this?
Residential income property - The third-floor residence features hardwood flooring, in-unit laundry, and a separate suite with its own bathroom.
Where is this residential income property located?
The property is located at 131 Ridgewood Ave # 3 Newark, NJ.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms, including a suite with its own bath; Third‑floor residence with access by extra‑wide steps; Hardwood floors and fresh paint
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