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Two-Story Duplex with Finished Basement
For Sale
$670,000

296 Ridgewood Ave, Newark, NJ 07112

Multi-Family, 2-Two Story, Newark City, NJ

Property SizeContact for details
Lot Size0.04 Acres
Days on Market88

Property Features for 296 Ridgewood Ave

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 7
Bathrooms 4
Full bathrooms 4
Rooms Basement, Bedroom 2, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 4, Bathroom 4, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 5
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 Hot Water(Heating), Baseboard
Cooling system Central Air
Water source Public

Amenities

finished basement

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: Sep 12 Last Checked: Sep 12 at 4:06PM
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.

This Newark two-family residence is arranged across two stories and includes seven bedrooms, four bathrooms, and a finished basement. Separate utilities serve the units, while wood floors, high ceilings, central air, and baseboard hot-water heating are among the interior features. The property also provides a deck and patio, with public water and public sewer service.

The home is located near Newark Airport, Newark Penn Station, shopping, schools, and major highways. The 0.04-acre parcel includes a composition roof and cable availability. Its two-family configuration, separate utilities, and finished lower level support both owner-occupant and investor-oriented use as described in the property information.

Key Highlights

  • Two‑family, two‑story residence with seven bedrooms and four bathrooms
  • Finished basement adds usable interior space
  • Separate utilities serve the two units

Property Analytics

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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

2
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,003
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-family property with separate utilities, outdoor spaces, and public water and sewer service.
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: Two‑family, two‑story residence with seven bedrooms and four bathrooms; Finished basement adds usable interior space; Separate utilities serve the two units
More about this property
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