Perfect for both investors and owner-occupants, this expansive 3-family home offers nearly 3,700 sq. ft. of living space and incredible potential. Each unit is currently occupied on a month-to-month basis, providing flexibility for long-term stability or future reconfiguration. Select units can be delivered vacant for the right buyer. Generating over $5,000 per month in gross income, this property offers an exceptional opportunity to increase revenue to $7,000+ monthly by adjusting below-market rents. Each unit features separate utilities, adding to its investment appeal. Located just a 10-minute walk to the Light Rail, commuting to Newark Penn Station is quick and easy. Enjoy Branch Brook Park just 5 minutes away, while major highways like Route 280, Route 21, and the Garden State Parkway provide seamless access to the entire region. Bonus: This property qualifies for a special loan program with an interest rate as low as 5.875% and NO PMI! Don?t miss out?call today!
Under contract
$699,900
132 Ridge St, Newark City, NJ 07104
9beds
--sqft
Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 529 days |
- 13 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Johnathan Wellington 862-704-4058,
Exp Realty, Llc
Source: GSMLS,MLS#: 3949269
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
Heating
- 3 Units, Natural Gas
Cooling
- Wall Unit(s)
Features
- Bedrooms, Eat-in Kitchen, Living Room, See Remarks, Eat-In Kitchen
- Basement: Yes,Full
- Has fireplace: No
Interior area
- Total structure area: 0
Property
Parking
- Parking features: See Remarks
Features
- Levels: 3-Three Story
- Stories: 3
Lot
- Size: 2,613 Square Feet
- Dimensions: 28 x 100
Details
- Parcel number: 1614005080000000220000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Roof: Flat
Condition
- Year built: 1940
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Private Sewer
- Water: Public
- Utilities for property: Natural Gas Connected
Community & HOA
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $326,800
- Annual tax amount: $12,428
- Date on market: 3/6/2025
- Total actual rent: 5091
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/4/2025 | Pending sale | $699,900 |
Source:  GSMLS #3949269 Report a problem | ||
| 3/6/2025 | Listed for sale | $699,900 |
Source: GSMLS #3949269 Report a problem | ||
| 2/4/2025 | Listing removed | $699,900 |
Source: GSMLS #3917173 Report a problem | ||
| 9/11/2024 | Price change | $699,900+4.5% |
Source: GSMLS #3917173 Report a problem | ||
| 4/30/2024 | Listed for sale | $669,900+74% |
Source:  NJMLS #24012996 Report a problem | ||
| 8/25/2020 | Sold | $385,000+4.1% |
Source: GSMLS #3589240 Report a problem | ||
| 4/20/2020 | Listing removed | $369,900 |
Source: VRI HOMES #3589240 Report a problem | ||
| 12/28/2019 | Listed for sale | $369,900 |
Source: VRI HOMES #3589240 Report a problem | ||
| 11/4/2019 | Listing removed | $369,900 |
Source: VRI HOMES #3589240 Report a problem | ||
| 9/20/2019 | Listed for sale | $369,900+42.3% |
Source: VRI HOMES #3589240 Report a problem | ||
| 3/1/2017 | Listing removed | $1,450 |
Source: Go Section8 Report a problem | ||
| 2/9/2017 | Listed for rent | $1,450 |
Source: Go Section8 Report a problem | ||
| 11/1/2015 | Listing removed | $1,450 |
Source: Go Section8 Report a problem | ||
| 10/16/2015 | Listed for rent | $1,450+20.8% |
Source: Go Section8 Report a problem | ||
| 8/22/2014 | Listing removed | $1,200 |
Source: Go Section8 Report a problem | ||
| 2/15/2014 | Price change | $1,200+20% |
Source: Go Section8 Report a problem | ||
| 1/21/2013 | Listed for rent | $1,000 |
Source: Hotpads for Rent Report a problem | ||
| 7/3/2012 | Listing removed | $260,000 |
Source: Weichert Realtors #2897236 Report a problem | ||
| 11/4/2011 | Listed for sale | $260,000+225% |
Source: Weichert Realtors #2897236 Report a problem | ||
| 6/28/2011 | Sold | $80,000+77.8% |
Source: Public Record Report a problem | ||
| 4/20/2011 | Sold | $45,000-89.8% |
Source: Public Record Report a problem | ||
| 12/15/2006 | Sold | $440,000+27.5% |
Source: Public Record Report a problem | ||
| 12/29/2004 | Sold | $345,000+130.2% |
Source: Public Record Report a problem | ||
| 5/3/2002 | Sold | $149,900+24.9% |
Source: Public Record Report a problem | ||
| 10/4/1994 | Sold | $120,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,069 +5.2% | $326,800 |
| 2024 | $12,428 +1.8% | $326,800 |
| 2023 | $12,209 +0.1% | $326,800 |
| 2022 | $12,203 +30.4% | $326,800 |
| 2021 | $9,356 +1% | $326,800 +32.7% |
| 2020 | $9,260 +37.4% | $246,200 |
| 2019 | $6,737 | $246,200 |
| 2018 | $6,737 -20.5% | $246,200 |
| 2017 | $8,469 +4% | $246,200 |
| 2016 | $8,147 +6.7% | $246,200 |
| 2015 | $7,635 +5% | $246,200 |
| 2014 | $7,270 +17.1% | $246,200 +31.9% |
| 2012 | $6,210 +4.7% | $186,600 |
| 2011 | $5,934 +16.1% | $186,600 |
| 2010 | $5,111 +5.4% | $186,600 |
| 2009 | $4,850 +4.4% | $186,600 |
| 2008 | $4,646 | $186,600 |
| 2007 | $4,646 | $186,600 |
| 2006 | -- | $186,600 |
| 2005 | -- | $186,600 |
| 2004 | $4,031 | $186,600 |
| 2003 | -- | $186,600 +1292.5% |
| 2002 | -- | $13,400 |
| 2001 | -- | $13,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Seventh Avenue
Nearby schools
GreatSchools rating
- 4/10Franklin Elementary SchoolGrades: PK-8Distance: 0.2 mi
- 1/10Barringer High SchoolGrades: 9-12Distance: 0.2 mi
- 8/10Technology High SchoolGrades: 9-12Distance: 0.5 mi
- $681,600-- bd-- ba3.5k sqft128 Ridge St #130, Newark, NJ 07104Off Market
- $2,2003 bd1 ba1.3k sqft128 Ridge St #1, Newark, NJ 07104For Rent
- $2,2003 bd1 ba1.3k sqft128 Ridge St #3, Newark, NJ 07104For Rent
- $--3 bd1 ba1.3k sqft130 Ridge St APT 1, Newark, NJ 07104Off Market
- $--3 bd1 ba1.3k sqft128 Ridge St #2, Newark, NJ 07104Off Market
- $828,0003 bd1 ba-- sqft132 Ridge St #3, Newark, NJ 07104Off Market
- $828,0003 bd1 ba-- sqft132 Ridge St #2, Newark, NJ 07104Off Market
- $642,7003 bd1 ba-- sqft134 Ridge St, Newark, NJ 07104Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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