4 months on rocket

132 Ridge St, Newark City, NJ, 07104

$699,900

Home List Price

$8,311*

Closing Credit

9 Bedrooms
3 Full Baths
Multi

Location

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132 Ridge St, Newark$699,900

Buyer Closing Credits

$8,311*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingSee Remarks
HeatingNatural Gas
BasementYes
MLS #3917173
Lot Size0.06 Acres
StatusActive

About 132 Ridge St

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.

Property Details

Property Features

Property Information:

  • Architectural Style: 3-Three Story

Listing Office:

  • Office Name: EXP REALTY, LLC
  • Office Phone: (862) 704-4058

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 9

Exterior Features

Parking Information:

  • Parking: See Remarks

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

Other

Directions Information:

  • Directions: Between Park Ave and Bloomfield Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,900
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Housing Market Comparison

See how this home compares to others in Newark, NJ.

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Newark, NJ

City

Med. Sold Price

$400K

Med. Price/SqFt

$220

Avg. Days On Market

14

# of Sold Homes

30

132 Ridge St vs Newark

135 DAYS ON ROCKET

+121 Days

$699,900

+$299.9K More

KEY TAKEAWAY

This property is $299.9K more than the Median Sold Price in Newark, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #3917173

Listing Office:

  • Office Name: EXP REALTY, LLC
  • Office Phone: (862) 704-4058

Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.

Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 7:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4436299
4
/10

  • Franklin Elementary School

  • 42 Park Ave

  • 0.20 miles

  • Public District Grades PK-4

school-card-donut-4436300
4
/10

  • Roberto Clemente Elementary School

  • 257 Summer Ave

  • 0.45 miles

  • Public District Grades PK-4

school-card-donut-4436301
3
/10

  • Roseville Community Charter School

  • 540 Orange St

  • 0.87 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,675. Most Newark, NJ residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Essex County›Newark›07104›132 Ridge St

This home is located at 132 Ridge St in Newark City, NJ and zip code 07104 in the North Ward neighborhood. This home sits on a 0.06 acre lot. Features: 9 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 05, 2024 and is currently priced at $699,900.

While more than 22 listings in Newark, NJ in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 7 were sold below. Between October 2024 and November 2024, Newark, NJ real estate market has seen increase in the number of listings by 13.5%. In November 2024, listings were on the market for 14 days. During the same period, the median list price in this real estate market was $400,000.

From Rocket Homes Real Estate and based on county public records data.

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