132 Ridge Street

Newark, NJ 07104

$699,900
Price
9
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Ideal for both investors and owner-occupants alike, this gem of a property offers versatility and promise. Each unit, currently occupied on a month-to-month basis, presents an opportunity for stability or potential reconfiguration according to preference. This expansive 3-family residence boasting nearly 3,700 square feet of luxurious living space. Currently fetching a robust gross income exceeding $5,000 per month, this property presents an exceptional investment opportunity with the potential to...Ideal for both investors and owner-occupants alike, this gem of a property offers versatility and promise. Each unit, currently occupied on a month-to-month basis, presents an opportunity for stability or potential reconfiguration according to preference. This expansive 3-family residence boasting nearly 3,700 square feet of luxurious living space. Currently fetching a robust gross income exceeding $5,000 per month, this property presents an exceptional investment opportunity with the potential to elevate revenue to over $6,000 monthly by increasing the below market rent units. Separate utilities for each. Also, one or two units can be delivered vacant. Nestled within a prime location, this property has the convenience of being just a 10 minutes walk from the light rail station so commuting to Newark Penn Station becomes effortless, offering seamless access to the bustling cityscape. Enjoy leisurely strolls to the esteemed Branch Brook Park just 5 minutes away, while major thoroughfares such as Route 280, Route 21, and the Garden State Parkway ensure easy connectivity to all destinations. Don't miss out on this rare chance to secure your slice of urban paradise.
  1. Listed by JOHNATHAN WELLINGTON • EXP REALTY, LLC

Property Details for 132 Ridge Street

Directions
Between Park Ave and Bloomfield Ave
Days On Market
38
LISTING UPDATED: 09/11/2024 12:42 PM

Property Details for 132 Ridge Street

StatusActive
MLS #3917173
Days on Market62
Taxes$12,183 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 3-Three Story
Year Built-
Lot Size0.06 AC / 2,613 SF
CountyEssex County

Building Information for 132 Ridge Street

Stories-Residences3Year Built-Building Size-Lot Size0.06 AC / 2,613 SF

Property Information for 132 Ridge Street

Summary
Location and General Information
  • Active Days on Market: 38
  • County #: Essex
  • Town Name: Newark City
  • Block Identifier: 508
  • Listing Type: Exclusive Right to Sell
  • Town #: 1614.0
  • Street # Display: 132.0
  • # Parking Spaces: 0
  • County Or Parish: Essex
  • Street Name: Ridge St
  • Zip Code: 07104-1113
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $12,183
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 326800.0
  • Tax ID For Property: 1614-00508-0000-00022-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2023
  • Tax Year: 2023
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: See Remarks
Property
Lot Information
  • Lot Identifier: 22
  • Approximate Lot Size: 28X100
  • Total Acres: 0.06
Property and Assessments
  • Assessment Bldg: 305200.0
  • Assessment Land: 21600.0
Utilities
  • Cooling: Wall A/C Unit(s)
  • Heating: 3 Units
  • Fuel Type: Gas-Natural
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding
Interior Features
  • Roof Description: Flat
  • Basement: Yes
  • Basement Description: Full
  • Easement: No
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: CookGas
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 3
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 1605.0
  • Unit 1 Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
  • Unit 1 Rooms: 5.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: CookGas
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 3
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 2.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1486.0
  • Unit 2 Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
  • Unit 2 Rooms: 5.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: CookGas
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 3
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 3.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 2000.0
  • Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
  • Unit 3 Rooms: 5.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: 3-Three Story
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $5,091.00

Property History for 132 Ridge Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 132 Ridge Street

Taxable ValueLand$21,600Additions$305,200Total$326,800
Tax Record2023$12,183 ($1,015 / month)
Home Facts
Beds0Total Finished SqFt3,696 SqFtAbove Grade Finished SqFt3,696 SqFtStories3Lot Size2,801 SqFtStyleSingle Family ResidenceYear Built1897CountyESSEXAPN14 00508-0000-00022

Schools near 132 Ridge Street

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - PK to 8
Public - 9 to 12
Public - PK to 8
Rating
School
Distance
Franklin Elementary School
PublicPK to 8

Dr. William H. Horton Elementary School
PublicPK to 8

Barringer High School
Public9 to 12

Roberto Clemente Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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132 Ridge Street is a multi-family home for sale in Newark, NJ 07104. This property was listed for sale on August 4, 2024 by EXP REALTY, LLC, it's currently listed at $699,900. It has been on the market for a total of 62 days and was last sold on August 25, 2020. This listing's school district is The Newark Public School District. Nearby schools include Franklin Elementary School, Dr. William H. Horton Elementary School and Barringer High School. 132 Ridge Street is a 9-bed, 3-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP REALTY, LLC, JOHNATHAN WELLINGTON

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 10/05/2024 02:21 AM. Source: New Jersey Multiple Listing Service, Inc. © 2024 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 10/05/2024 02:21 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.