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Renovated Duplex with Walkout Basement
For Sale
$699,999

306 Ridgewood Ave, Newark, NJ 07112

Two-family property featuring updated kitchens, stainless steel appliances, refreshed bathrooms, and separate utilities.

Property SizeContact for details
Days on Market32

Property Features for 306 Ridgewood Ave

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 2 x 4BR/2BA
Multifamily Units 2

Taxes and HOA fees

Annual Taxes $6,614

Building Details

Year Renovated 2026
Listing Agency: Redfin Corporation
Listed By: Takisha Gresham
Source: Exprealty
Added: Aug 3 Changed: Aug 31 Last Checked: Sep 2 at 12:13AM

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 Redfin Corporation

Investment Insights

Based on property information with market context.

This two-family duplex was renovated in 2026 and includes updated kitchens with stainless steel appliances, refreshed bathrooms, and new flooring throughout. The property also offers a finished walkout basement with a summer kitchen and full bath, adding functional additional space to the building.

Each unit has separate utilities, while the owner pays water. The property is located in Newark, NJ, within the Weequahic section. It is being offered for sale in as-is condition.

Key Highlights

  • Two‑family duplex renovated in 2026
  • Finished walkout basement with summer kitchen and full bath
  • Updated kitchens with stainless steel appliances

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

2
Residential units

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

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Duplex - Two-family property featuring updated kitchens, stainless steel appliances, refreshed bathrooms, and separate utilities.
Where is this duplex located?
The property is located at 306 Ridgewood Ave Newark, NJ.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Two‑family duplex renovated in 2026; Finished walkout basement with summer kitchen and full bath; Updated kitchens with stainless steel appliances
More about this property
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