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Image 1 - 132 Ridge St, Newark, New Jersey, 07104 - House for sale
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Home For Sale In Newark, New Jersey
132 Ridge St, Newark, New Jersey, 07104

Home For Sale In Newark, New Jersey

house for sale
Listed: 05/03/24

132 Ridge St, Newark, New Jersey, 07104

9 Bed:
3 Bath:
Save
Price
$ 669,900

About This House

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 boasts nearly3, 700square feet of living space. Currently fetching a robust gross income exceeding $5k per month, this property presents a great investment opportunity with the potential to increase to over $6k monthly by increasing the below market rent units. Separate utilities for each. Located in a prime location, this property has the convenience of being just a 10 minutes walk from the light rail station, 5 minutes from the esteemed Branch Brook Park, and close to Route 280, Route 21 and the Garden State Parkway. Don't miss out on this rare chance to secure your slice of urban paradise.

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Newark Housing & Living

Average sale prices for houses

3 bed
Show as List Show as Graph
In May 2024, the asking price for 3 bed houses for sale in/near Newark, United States averaged $381,770, a decrease of 10.4% from the previous month.
Median price trends for properties for sale in Newark, United States as of May 2024.

Household Income

Median household income: $37,642
Number of households: 101,689
The average household income in Newark, NJ grew from $35,167 to $37,642 in the past year. This data is an estimate based upon 101,689 households in Newark, NJ.
The chart below presents how household income is distributed in Newark, NJ in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Newark, NJ compared to median property taxes around the country. The prevalent amount of property taxes in Newark, NJ equals $3k+ , which is more than the national average.