Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$1,200,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
See This Home
Save This Home
See This Home
Save This Home
Highest and best Wednesday 11/26 at 9am. Welcome to an exceptional income-producing opportunity at 104 Ridgedale Avenue in Cedar Knolls, NJ. This versatile 4-unit commercial property is designed for the discerning investor seeking reliable returns. Featuring a generous lot size of 12,066 square feet, the property stands as a testament to quality and potential.The structure houses a mix of residential and commercial tenants ensuring a steady revenue stream, currently collecting just over $9,600 monthly and over 115,000 annually. On the second floor, a long-term tenant occupies a spacious 2-bedroom apartment for 1800/mo complemented by another 2-bedroom apartment recently renovated in 2023 at 2300 a month. This building has a large 15+ car parking lot, a newer roof, central air conditioning, separate utilities, and a prime location, enhancing tenant comfort and property value. The landlord pays a portion of heat and electric costs for the common areas.The ground floor boosts this property's commercial appeal with a rented hair salon (1800/mo) and a dentist office (3750/mo) each secured with a 5-year lease This unique blend of residential and commercial space, along with its modern amenities, presents an exceptional investment in a strategic location. Explore the possibilities and secure a property that promises both stability and growth.

Full Property Details for 104 Ridgedale Ave

General

  • Price: $1,200,000
  • Taxes: $14,588 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: Garden_State
  • MLS ID: 3998184
  • Updated: 12/1/2025
  • Added to Site: 61 day(s) ago

Interior

  • Number of Rooms: 15
  • Interior Features: Carbon Monoxide Detector, Carpeting, Fire Alarm Sys, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Full Bathrooms: 2
  • Half Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Exterior

  • Exterior Features: Sidewalk
  • Color: brown

Parking

  • Garage Description: None

Location

  • County: Morris
  • Driving Directions: Ridgedale avenue, corner of summit ave

Heating & Cooling

  • Cooling Type: 2 Units, Central Air Conditioning, See Remarks, Wall A/C Unit(s)
  • Heating Type: 2 Units, Electric Baseboard, See Remarks
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas, Garbage Included

Structural Information

  • Architectural Style: 2-Two Story, Fourplex
  • Exterior Const.: Brick, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: French Drain, Partial, Unfinished
  • Roof: Asphalt Shingles
  • Year Built: 9999

Unit Information

Unit 1

  • Unit Description: See Remarks
  • Square Feet: 9999
  • Levels/Stories: 1
  • Handicap: Yes
  • Total Bathrooms: 1

Unit 2

  • Unit Description: See Remarks
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 1

Unit 3

  • Unit Description: Bedrooms, Kitchen, Living Room
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Unit Description: Bedrooms, Kitchen, Living Room
  • Square Feet: 9999
  • Levels/Stories: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.28
  • Lot Dimensions: .277 AC
  • Driveway/Sidewalk: Blacktop, Parking Lot-Exclusive
  • Zoning: B
  • Lot Description: Corner

Financial Considerations

  • Expenses: Electricity, Heat, Maintenance, Taxes
  • Operating Expenses: $36,000
  • Assessment Amount: $464,100
  • Land Assmt: $217,300
  • Tax Amount: $14,588
  • Tax Year: 2024

Disclosures and Reports

  • Disclosures: Yes
  • Block: 1401
  • Lot Number: 17.01

Listed by Compass New Jersey, Llc

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 104 Ridgedale Ave —

  • Compass New Jersey, Llc

908-370-8695

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 104 Ridgedale Ave

School Districts:Hanover Township School District, Hanover Park Regional School District
NameGradesDistance
Whippany Park High School
165 Whippany Road, Hanover, NJ 07981
9-121.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 104 Ridgedale Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/18/2025
Price Reduced
$1,200,000
-4%
MLS
11/17/2025
Listed
$1,250,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 104 Ridgedale Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,589
5%
$681,400
—
2022
$13,853
5%
$681,400
—
2021
$13,178
2%
$681,400
—
2020
$12,947
1%
$681,400
—
2018
$12,824
2%
$681,400
—
2017
$12,531
2%
$681,400
—
2016
$12,340
-5%
$681,400
—
2019
$13,028
15%
$681,400
—
2015
$11,332
—
$681,400
—
2013
$11,298
—
$681,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 104 Ridgedale Ave

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Compass New Jersey, Llc

Just Listed near 104 Ridgedale Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

250 Ridgedale Ave, Florham Park, NJ 07932 - Photo 1 Just Listed
$699,000
Open House

250 Ridgedale Ave  #4  Florham Park, NJ 07932

  • Townhouse
  • Active
  • Updated 7 hours ago
  • 3
    Beds
  • 3
    Total Baths
Listed by Tracey Franco (973) 945-6865
7 Madeleine Pl, Parsippany, NJ 07054 - Photo 1 Just Listed
$749,000

7 Madeleine Pl  Parsippany, NJ 07054

  • Single Family
  • Active
  • Updated 56 minutes ago
  • 4
    Beds
  • 2
    Total Baths
Listed by Keller Williams Metropolitan
34 Townsend Dr, Florham Park, NJ 07932 - Photo 1 Just Listed
$2,588,000

34 Townsend Dr  Florham Park, NJ 07932

  • Single Family
  • Active
  • Updated 5 days ago
  • 7
    Beds
  • 8
    Total Baths
  • 6,800
    Sq. Ft.
Listed by Ast Realty, Llc
49 Navajo Ave, Parsippany, NJ 07034 - Photo 1 Just Listed
$299,000
Open House

49 Navajo Ave  Parsippany, NJ 07034

  • Single Family
  • Active
  • Updated 22 hours ago
  • 2
    Beds
  • 1
    Total Bath
  • 660
    Sq. Ft.
Listed by Re/Max 1St Advantage

Price Reduced near 104 Ridgedale Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

58 Chestnut 1, Morristown, NJ 07960 - Photo 1 Price Reduced
-$40,000 (-5.8%)
$650,000

58 Chestnut 1  #1  Morristown, NJ 07960

  • Condo
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 3
    Total Baths
Listed by Serda Belekdanian (201) 445-9400 x128
58 Chestnut St, Morristown, NJ 07960 - Photo 1 Price Reduced
-$40,000 (-5.8%)
$650,000

58 Chestnut St  #1  Morristown, NJ 07960

  • Condo
  • Active
  • Updated 1 day ago
  • 2
    Beds
  • 3
    Total Baths
Listed by Serda Belekdanian (201) 445-9400 x128
8 New England Dr, Parsippany, NJ 07034 - Photo 1 Price Reduced
-$24,000 (-3.16%)
$735,000

8 New England Dr  Parsippany, NJ 07034

  • Single Family
  • Active
  • Updated 3 days ago
  • 5
    Beds
  • 3
    Total Baths
Listed by Garden Home Realty
5 Maple Ave, Morristown, NJ 07960 - Photo 1 Price Reduced
-$200 (-20%)
$800

5 Maple Ave  Morristown, NJ 07960

  • Commercial Lease
  • Active
Listed by Your Town Realty

Recent Sales near 104 Ridgedale Ave

This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.

105 Poplar Dr, Hanover Township, NJ 07927 - Photo 1 Sold
$1,225,000

105 Poplar Dr  Hanover Township, NJ 07927

  • Single Family
  • Closed
  • 4
    Beds
Listed by Compass Of New Jersey
Sold by Exp Realty, Llc
72 Summit Ave, Hanover Township, NJ 07927 - Photo 1 Sold
$1,175,000

72 Summit Ave  Hanover Township, NJ 07927

  • Single Family
  • Closed
  • 5
    Beds
Listed by Serhant New Jersey Llc
Sold by Weichert Realtors
401 Viera Drive, Hanover Township, NJ 07927 - Photo 1 Sold
$1,111,000

401 Viera Drive  Hanover Township, NJ 07927

  • Single Family
  • Closed
  • 4
    Beds
Listed by KL SOTHEBY'S INT'L. REALTY
Sold by KL SOTHEBY'S INT'L. REALTY
15 Birch Hill Dr, Hanover Township, NJ 07981 - Photo 1 Sold
$1,325,000

15 Birch Hill Dr  Hanover Township, NJ 07981

  • Single Family
  • Closed
  • 5
    Beds
Listed by Keller Williams Realty
Sold by Compass New Jersey, Llc

104 Ridgedale Ave, Hanover Township, NJ 07927 (MLS# 3998184) is a Multi-Family property with 4 units containing 4 bedrooms, 2 full bathrooms and 4 partial bathrooms. 104 Ridgedale Ave is currently listed for $1,200,000 and was received on November 17, 2025. Want to learn more about 104 Ridgedale Ave? Do you have questions about finding other Multi-Family real estate for sale in Hanover Township? You can browse all Hanover Township real estate or contact a Coldwell Banker agent to request more information.

Tour this property