Under contract

$699,900

132 Ridge St, Newark City, NJ 07104

9beds

--sqft

Est.:

Multi Family

Built in 1940

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

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!

413 days

16

0

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: 2,613.6 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

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