Under Contract Multi-Family MLS# 3949269

132 Ridge St

Newark City, NJ 07104

$699,900

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About 132 Ridge St

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!

Property details

Property

Type
multi
Year built
1940
Lot
0.06 ac
List date
Mar 5, 2025

Schools

District
Newark City School District

Location

Subdivision
Seventh Avenue
Neighborhood
Seventh Avenue

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Listed by EXP REALTY, LLC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.