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132 Ridge St, Newark, NJ 07104
$669,900
132 Ridge St, Newark, NJ 07104View this property at 132 Ridge St, Newark, NJ 07104
132 Ridge StNewarkNJ07104
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Property Description
Ideal for both astute investors and discerning 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. 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. PUBLIC OHThis Sunday 5/5 from 11 AM to 1 PM.
Full Property Details
Full Property Details for 132 Ridge St
General
- Price: $669,900
- Taxes: $12,183 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: 3899041
- Updated: 5/3/2024
- Added to Site: 22 day(s) ago
Interior
- Number of Rooms: 15
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Location
- County: Essex
- Driving Directions: Between Park Ave and Bloomfield Ave
Heating & Cooling
- Cooling Type: Wall A/C Unit(s)
- Heating Type: 3 Units
- Heating Fuel: Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Aluminum Siding
- Basement: Yes
- Basement Desc.: Full
- Roof: Flat
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
- Levels/Stories: 3
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.06
- Lot Dimensions: 28 x 100
- Driveway/Sidewalk: See Remarks
Financial Considerations
- Assessment Amount: $305,200
- Land Assmt: $21,600
- Tax Amount: $12,183
- Tax Year: 2023
Disclosures and Reports
- Block: 508
- Lot Number: 22
Listed by Exp Realty, Llc
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Schools
Schools serving 132 Ridge St
School District:Newark Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
42 Park Ave, Newark, NJ 07104 | PK-4 | 0.2 mi | |
257 Summer Ave, Newark, NJ 07104 | PK-8 | 0.4 mi | |
291 N 7th St, Newark, NJ 07107 | K-8 | 0.5 mi | |
Newark School Of Global Studies
24 Crane St, Newark, NJ 07104 | 9-11 | 0.5 mi | |
Newark School Of Fashion & Design
239 Woodside Ave, Newark, NJ 07104 | 9-10 | 1.3 mi | |
Newark School Of Data Science & Information Technology
746 Sanford Ave, Newark, NJ 07106 | 9-10 | 3.4 mi | |
1 Colonnade Pl, Newark, NJ 07104 | PK-8 | 0.5 mi | |
150 3rd St, Newark, NJ 07107 | K-8 | 0.6 mi | |
345 Broadway, Newark, NJ 07104 | K-8 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 132 Ridge St
Date
Details
Price
Change
Source
4/30/2024
Listed
$669,900
74%
MLS
8/24/2020
Sold
$385,000
—
Public Record
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
Tax History for 132 Ridge St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$12,209
—
$326,800
—
2021
$12,203
45%
$326,800
33%
2021
$8,434
-7%
$246,200
—
2018
$9,092
-2%
$246,200
—
2019
$9,260
6%
$246,200
—
2017
$8,765
3%
$246,200
—
2016
$8,469
4%
$246,200
—
2015
$8,147
12%
$246,200
—
2013
$7,270
—
$246,200
—
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
Estimate the Cost for 132 Ridge St
132 Ridge St, Newark, NJ 07104 (MLS# 3899041) is a Multi-Family property with 3 units containing 9 bedrooms and 3 full bathrooms. 132 Ridge St is currently listed for $669,900 and was received on April 30, 2024. Want to learn more about 132 Ridge St? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.