132 Ridge St Newark, NJ 07104
Seventh Avenue NeighborhoodEstimated payment $4,721/month
About This Home
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!
Listing Agent
EXP REALTY, LLC Brokerage Phone: 862-704-4058 Listed on: 03/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,428
Year Built
- Built in 1940
Home Design
- Flat Roof Shape
- Aluminum Siding
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Multiple Heating Units
Additional Features
- Basement Fills Entire Space Under The House
- 2,614 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 1614-00508-0000-00022-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,183 | $326,800 | $21,600 | $305,200 |
| 2024 | $12,183 | $326,800 | $21,600 | $305,200 |
| 2022 | $12,209 | $326,800 | $21,600 | $305,200 |
| 2021 | $12,203 | $326,800 | $21,600 | $305,200 |
| 2020 | $9,356 | $246,200 | $21,600 | $224,600 |
| 2019 | $9,260 | $246,200 | $21,600 | $224,600 |
| 2018 | $9,092 | $246,200 | $21,600 | $224,600 |
| 2017 | $8,765 | $246,200 | $21,600 | $224,600 |
| 2016 | $8,469 | $246,200 | $21,600 | $224,600 |
| 2015 | $8,147 | $246,200 | $21,600 | $224,600 |
| 2014 | $7,635 | $246,200 | $21,600 | $224,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/04/2025 04/04/25 | Pending | -- | -- | -- | |
| 03/05/2025 03/05/25 | For Sale | $699,900 | +81.8% | -- | |
| 08/25/2020 08/25/20 | Sold | $385,000 | +4.1% | -- | View Prior Sale |
| 04/20/2020 04/20/20 | Pending | -- | -- | -- | |
| 01/29/2020 01/29/20 | For Sale | $369,900 | 0.0% | -- | |
| 01/06/2020 01/06/20 | Pending | -- | -- | -- | |
| 12/28/2019 12/28/19 | For Sale | $369,900 | 0.0% | -- | |
| 11/04/2019 11/04/19 | Pending | -- | -- | -- | |
| 09/20/2019 09/20/19 | For Sale | $369,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $707,000 | Old Republic National Title | |
| Deed | $385,000 | Hudson United Title Svcs Llc | |
| Quit Claim Deed | -- | -- | |
| Deed | -- | None Available | |
| Deed | -- | Quick Title Search Llc | |
| Deed | $80,000 | Or | |
| Quit Claim Deed | -- | None Available | |
| Deed | $45,000 | None Available | |
| Deed | $440,000 | -- | |
| Deed | $345,000 | -- | |
| Deed | $149,900 | -- | |
| Deed | $120,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $683,403 | FHA | |
| Previous Owner | $378,026 | FHA | |
| Previous Owner | $1 | No Value Available | |
| Previous Owner | $352,000 | New Conventional | |
| Previous Owner | $293,250 | No Value Available | |
| Previous Owner | $134,910 | No Value Available |
Source: Garden State MLS
MLS Number: 3949269
APN: 14-00508-0000-00022
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