UNDER CONTRACT

Pending

$699,900

Est. $4,868/mo —

•

—

sq ft

132 Ridge St, Newark, NJ 07104-1113

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!

Multi-familyProperty Type

1940Year Built

2,613 sq ftLot Size

Listed by JOHNATHAN WELLINGTON • EXP REALTY, LLC

Contact: 862-704-4058

Listing updated: Apr 4, 2025 at 05:17pm

Redfin checked: 3 minutes ago

•Source:GSMLS #3949269

Payment calculator

$4,868 per month

Principal and interest$3,721

Property taxes

$1,036

HOA dues

Home insurance

$111

Utilities

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Open houses

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Around this home

Schools

K - 12
Preschool & daycare

Franklin Elementary School

Public PreK-8 • Assigned • 0.2mi

4/10

Barringer High School

Public 9-12 • Assigned • 0.2mi

1/10

Provided by GreatSchools

About Seventh

Avenue

Seventh Avenue, located between North 7th Street and North 9th Street, is a residential and institutional Newark neighborhood with brick rowhouses and campus-edge streetscapes. The neighborhood’s character concentrates around the Seventh Avenue corridor near University Avenue, where corner bodegas, takeout counters, and stoop-side foot traffic set a steady rhythm. Architectural cues lean toward early-20th-century masonry homes mixed with mid-rise academic buildings. Branch Brook Park’s formal lawns and cherry-tree allees shape the outdoor backdrop. Newark Light Rail stations nearby add a commuter pulse without changing the block-by-block feel. Pillars close by include the Newark Museum of Art, NJPAC, and the New Jersey Performing Arts Center’s plaza programming.

Provided by Walk Score and Local Logic

Market insights

132 Ridge St · $699,900

DAYS ON MARKET

The average home goes pending in 25 days.

SALE-TO-LIST

Most homes are selling 8% above list price.

LIST PRICE

Median sale price in this area is $801,371. (14% higher than this home)

PRICE DROP

8% of homes in this area have had a price drop in the past month.

Property details

Parking

Parking Information
Parking/Driveway Description: See Remarks

Interior

Bathroom Information
# Of Full Bathrooms: 3

Room Information
# Of Rooms: 15
Has Basement
Basement Description: Full

Heating & Cooling
Heating: 3 Units
Heating Fuel Type: Gas-Natural
Cooling: Wall A/C Unit(s)

Exterior

Exterior Features
Siding Description: Aluminum Siding
Roof Description: Flat

Building Information
Construction Date/Year Built Description: Approximate

Property Information
Unit Style: 3-Three Story

Lot Information
Easement: No
Approximate Lot Size: 28,100

Financial

Tax Information
Tax Amount: $12,428
Tax Rate Amount: $3.80
Tax Year: 2024
Tax Rate Year: 2024

Assessment Information
Assessment Building: $305,200
Assessment Land: $21,600
Assessment Total: $326,800

Utilities

Utility Information
Utilities: Gas-Natural
Sewer: Private
Water Source: Public Water

Electricity and solar

View estimated energy costs and solar savings for this home

Internet

View available providers

Location

Multi Unit Information
# Of Units: 3
Net Operating Income: 0
Gross Operating Income: 5091
Total Operating Expenses: 0

Unit 1 Information
# Of Bedrooms: 3
# Of Bathrooms: 1
# Of Levels: 1
# Of Rooms: 5
Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Rent: 1605

Unit 2 Information
# Of Bedrooms: 3
# Of Baths: 1
# Of Levels: 2
# Of Rooms: 5
Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Rent: 1486

Unit 3 Information
# Of Bedrooms: 3
# Of Baths: 1
# Of Levels: 3
# Of Rooms: 5
Room Description: Bedrooms, Eat-In Kitchen, Living Room, See Remarks
Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Rent: 2000

Public facts

Beds: —
Baths: —
Finished Sq. Ft.: 3,696
Unfinished Sq. Ft.: —
Total Sq. Ft.: 3,696
Stories: 3.0
Lot Size: 2,801 square feet
Style: Single Family Residential
Year Built: 1897
Year Renovated: —
County: Essex County
APN: 1400508 00022

Home facts updated by county records on Jun 12, 2026

Other

Listing Information
Attribution Contact: 862-704-4058

Sale and tax history for 132 Ridge St

Sale History
Tax History

Date

Event

Price

Public Records

Aug 19, 2025

Sold

$707,000

GSMLS #3949269

Apr 4, 2025

Pending

—

Mar 5, 2025

Listed

$699,900

NJMLS #24012996

Apr 30, 2024

Listed

$669,900

GSMLS #3589240

Aug 25, 2020

Sold

$385,000

Apr 20, 2020

Delisted

—

Jan 29, 2020

Relisted

—

Jan 6, 2020

Delisted

—

Dec 28, 2019

Relisted

—

Nov 4, 2019

Delisted

—

Sep 20, 2019

Listed

$369,900

Public Records

Jun 28, 2011

Sold

$80,000

Public Records

Apr 20, 2011

Sold

$45,000

Public Records

Dec 15, 2006

Sold

$440,000

Public Records

Dec 29, 2004

Sold

$345,000

Public Records

May 3, 2002

Sold

$149,000

Public Records

Oct 4, 1994

Sold

$120,000

Year

Property tax

Land + Additions

Assessment*

2025

$13,069 (+5.2%)

$21,600 + $305,200

$326,800

2024

$12,428 (+2.0%)

$21,600 + $305,200

$326,800

2023

$12,183 (−0.2%)

$21,600 + $305,200

$326,800

2022

$12,209

$21,600 + $305,200

$326,800

2021

$12,203 (+30.4%)

$21,600 + $305,200

$326,800

2020

$9,356 (+1.0%)

$21,600 + $305,200

$326,800

2019

$9,260 (+1.8%)

$21,600 + $224,600

$246,200

2018

$9,092 (+3.7%)

$21,600 + $224,600

$246,200

2017

$8,765 (+3.5%)

$21,600 + $224,600

$246,200

2016

$8,469 (+10.9%)

$21,600 + $224,600

$246,200

2014

$7,634 (+5.0%)

$21,600 + $224,600

$246,200

2013

$7,270 (+12.9%)

$21,600 + $224,600

$246,200

2012

$6,441 (+3.7%)

$21,600 + $224,600

$246,200

2011

$6,210 (+4.7%)

$68,000 + $118,600

$186,600

2010

$5,934 (+16.1%)

$68,000 + $118,600

$186,600

2009

$5,111

$68,000 + $118,600

$186,600

Public record

Beds

—

Baths

—

Stories

Lot width

28 ft.

Lot depth

100 ft.

Lot size

2,801 Sq. Ft.

Year renovated

—

Finished Sq. Ft.

3,696

Unfinished Sq. Ft.

—

Total Sq. Ft.

3,696

Year built

1897

Style

Single Family Residential

County

Essex County

APN

1400508 00022

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 12, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

7/10 Heat Factor

7 days above 99° expected this year, 15 days in 30 years

6/10 Wind Factor

27% chance of strong winds in next 30 years

4/10 Air Factor

3 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Newark, NJ • 07104-1113

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

58/ 100

Moderate sunlight

Sunscore

There appears to be some shading by surrounding buildings, terrain, and vegetation.

6.7 hrs

3.7 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 132 Ridge St

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $525,000 and $875,000.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $525K to $875K.

SOLD JUL 7, 2026
$660,000 Last sold price
— beds— baths— sq ft
314 7Th Ave W, Newark, NJ 07107-2221
30 years older
no basement
SOLD APR 7, 2026
$875,000 Last sold price
8 beds5 baths— sq ft
486 4th St, Newark, NJ 07107
Keller Williams Realty - NJ Metro Group
no basement
SOLD NOV 12, 2025
$750,000 Last sold price
7 beds3 baths— sq ft
309 W 7th Ave, Newark, NJ 07107
Keller Williams Park Views
no basement
SOLD FEB 27, 2026
$630,000 Last sold price
4 beds2.5 baths— sq ft
318 N 7th St, Newark, NJ 07107
RE/MAX Professionals 1
larger lot
no basement
SOLD AUG 19, 2026
$525,000 Last sold price
3 beds2 baths— sq ft
409-411 3rd Ave, Newark, NJ 07107
RE/MAX Professionals 1
larger lot
SOLD JUN 12, 2026
$760,000 Last sold price
6 beds4.5 baths— sq ft
52 Stone St, Newark, NJ 07104
Century 21 Semiao & Associates
larger lot
no basement

This home is pending

The seller has accepted an offer, and this property is now .

Have questions?

Jeniece Rodriguez

Newark Redfin Agent

Jeniece Rodriguez typically replies in about 27 minutes

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Details provided by GSMLS and may not match the public record. Learn more.

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