Off market oct 2022 for $950K

$1,718,409

Est. refi paymentEst. refi $5,781/mo

•

—

sq ft

389 Spring Ave, Ridgewood, NJ 07450

About this home

Come and See this rare multifamily investment opportunity in the heart of Ridgewood! Live in one unit and have the other two tenants pay your mortgage or rent out all three and collect income! This rare 3 family property sits on over half an acre and has endless possibilities. The owner currently lives in Unit 1, Unit 2 is vacant & Unit 3 has a tenant. Unit 1 features 2 bedrooms, eat in kitchen, bathroom, large living room, large dining room & family room. The family room can be converted back into a third bedroom. Unit 2 features 3 bedrooms, 1 bathroom, living room/dining room. Unit 3 features one bedroom & one bathroom, kitchen & living room. Property has a large unfinished basement which you can also access from outside. Significant rent increases can be available through renovation on top of high cash on cash yield in place for a family seeking a rental income offset or investor. Close to NYC transit, local shops, schools, and parks. Don't miss this opportunity

Multi-familyProperty Type

0.58 acresLot Size

Listed by David Ciliento • Modern Realty Group

•973-332-6578 (agent)

•dave@modernrealtynj.com (agent)

•201-933-3366 (broker)

Bought with Hanan Altaai • Modern Realty Group

•201-933-3366 (broker)

Redfin checked: 2 minutes ago

•Source:NJMLS #22021629

Redfin Estimate

$1,718,409

$768K since sold in October 2022$56K since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 10% lower than the average sale price ($1.91M) of 6 comparable homes.

SOLD MAY 1, 2026
$1,871,000
A
6 beds4.5 baths— sq ft
12 Midwood Rd, Glen Rock, NJ 07452
Keller Williams City Views Realty
SOLD JUN 30, 2026
$1,800,000
B
4 beds4 baths— sq ft
130 N Maple Ave, Ridgewood, NJ 07450
The Agency One Rock-Ridgewood
SOLD JUL 8, 2026
$1,608,000
C
5 beds3 baths— sq ft
308 Woodside Ave, Ridgewood, NJ 07450
The Agency One Rock-Ridgewood
SOLD AUG 13, 2026
$1,750,000
D
5 beds3.5 baths— sq ft
275 Highwood Ave, Ridgewood, NJ 07450-5023
SOLD AUG 27, 2026
$1,721,000
E
4 beds3 baths— sq ft
131 S Van Dien Ave, Ridgewood, NJ 07450
EXP Realty, LLC
SOLD AUG 31, 2026
$2,700,000
F
6 beds4.5 baths— sq ft
120 Hope St, Ridgewood, NJ 07450
EXP Realty, LLC

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Earn from this home

Sell

$915,688

Est. take-home

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Refinance

Est. cash available

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Market trends in 07450, NJ

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

109.7%

1.5% MoM

Median sale price

$1.3M

$148K MoM

Avg. days on market

57d

1 days MoM

Recently sold homes

15 MoM

New listings for sale

OPEN SAT, 2PM TO 4PM
$599,000
2 beds2 baths— sq ft
374 E Ridgewood Ave #5, Ridgewood, NJ 07450
Prominent Properties Sotheby's International Realty-Ridgewood, (201) 639-5555
FOR SALE BY OWNER
$1,000,000
3 beds2 baths1,188 sq ft
301 Oak St, Ridgewood, NJ 07450
$1,499,995
4 beds4 baths— sq ft
324 Franklin Ave, Ridgewood, NJ 07450
The Agency One Rock-Paramus, (201) 975-4141
3D WALKTHROUGH
$1,749,000
6 beds3.5 baths— sq ft
613 Hillcrest Rd, Ridgewood, NJ 07450
Keller Williams Village Square Realty, (201) 445-4300
$799,900
3 beds2 baths— sq ft
286 Spring Ave, Ridgewood, NJ 07450
Gilsenan & Co., (201) 445-1600
$1,499,000
4 beds2.5 baths— sq ft
656 Wyndemere Ave, Ridgewood, NJ 07450
Christie's International Real Estate New Jersey, (201) 975-3225
$899,000
4 beds2 baths— sq ft
619 Ellington Rd, Ridgewood, NJ 07450
United Real Estate, (888) 501-6953
$699,000
3 beds2 baths— sq ft
333 N Pleasant Ave, Ridgewood, NJ 07450
RE/MAX Properties-Saddle River, (201) 825-6600
3D WALKTHROUGH
$797,500
3 beds1.5 baths— sq ft
40 N Irving St, Ridgewood, NJ 07450-3336
$999,000
4 beds3 baths— sq ft
741 Linwood Ave, Ridgewood, NJ 07450-3534
See all

Provided by Redfin

Sale history for 389 Spring Ave

Year

Property tax

Land + Additions

Assessment*

2025

$35,920 (+35.9%)

$564,000 + $678,900

$1,242,900

2024

$26,435 (+2.3%)

$564,000 + $678,900

$1,242,900

2023

$25,836 (+2.6%)

$564,000 + $357,400

$921,400

2022

$25,182 (+0.9%)

$564,000 + $357,400

$921,400

2021

$24,952 (+2.7%)

$564,000 + $357,400

$921,400

2020

$24,297 (+1.5%)

$564,000 + $357,400

$921,400

2019

$23,929 (+1.2%)

$564,000 + $357,400

$921,400

2018

$23,634 (+1.1%)

$564,000 + $357,400

$921,400

2017

$23,385 (+2.5%)

$564,000 + $357,400

$921,400

2016

$22,813 (+3.8%)

$564,000 + $357,400

$921,400

2014

$21,975 (+1.2%)

$564,000 + $357,400

$921,400

2013

$21,708 (−2.6%)

$564,000 + $357,400

$921,400

2012

$22,290 (+3.2%)

$564,000 + $357,400

$921,400

2011

$21,594 (+3.7%)

$701,900 + $402,100

$1,104,000

2010

$20,832 (+5.3%)

$701,900 + $402,100

$1,104,000

2009

$19,784

$701,900 + $402,100

$1,104,000

Tax history for 389 Spring Ave

Year

Property tax

Land + Additions

Assessment*

2025

$35,920 (+35.9%)

$564,000 + $678,900

$1,242,900

2024

$26,435 (+2.3%)

$564,000 + $678,900

$1,242,900

2023

$25,836 (+2.6%)

$564,000 + $357,400

$921,400

2022

$25,182 (+0.9%)

$564,000 + $357,400

$921,400

2021

$24,952 (+2.7%)

$564,000 + $357,400

$921,400

2020

$24,297 (+1.5%)

$564,000 + $357,400

$921,400

2019

$23,929 (+1.2%)

$564,000 + $357,400

$921,400

2018

$23,634 (+1.1%)

$564,000 + $357,400

$921,400

2017

$23,385 (+2.5%)

$564,000 + $357,400

$921,400

2016

$22,813 (+3.8%)

$564,000 + $357,400

$921,400

2014

$21,975 (+1.2%)

$564,000 + $357,400

$921,400

2013

$21,708 (−2.6%)

$564,000 + $357,400

$921,400

2012

$22,290 (+3.2%)

$564,000 + $357,400

$921,400

2011

$21,594 (+3.7%)

$701,900 + $402,100

$1,104,000

2010

$20,832 (+5.3%)

$701,900 + $402,100

$1,104,000

2009

$19,784

$701,900 + $402,100

$1,104,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

—

Baths

—

Stories

Lot width

—

Lot depth

—

Lot size

0.58 Acres

Year renovated

—

Sq. Ft.

4,137

Year built

1910

Style

Single Family Residential

County

Bergen County

APN

5104008 00009

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 14, 2026.

Property details

Interior

Bathroom Information
# of Full Bathrooms: 4

Room Information
# of Rooms Total: 13
Laundry Features: In Basement

Exterior

Property Information
Property Type: Residential Income
Property Sub Type: Multi Family

Financial

Tax Information
Tax Annual Amount: $24,952

Utilities

Utility Information
Utilities: Natural Gas Available, Electricity Connected, Natural Gas Connected

Public facts

Beds: —
Baths: —
Sq. Ft.: 4,137
Stories: 2.0
Lot Size: 0.58 acres
Style: Single Family Residential
Year Built: 1910
Year Renovated: —
County: Bergen County
APN: 5104008 00009

Home facts updated by county records on Sep 14, 2026

Around this home

Schools

K - 12
Preschool & daycare

Somerville Elementary School

Public K-5 • Assigned • 0.6mi

10/10

Benjamin Franklin Middle School

Public 6-8 • Assigned • 1.0mi

7/10

Ridgewood High School

Public 9-12 • Assigned • 0.4mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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

6/10 Heat Factor

7 days above 100° 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

Ridgewood, NJ • 07450

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.7 hours in June and 4.3 hours in December, placing it below the U.S. average for solar exposure.

8.7 hrs

4.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.63M – $1.98M

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Home values near 389 Spring Ave

Data from public records.

Address	Redfin Estimate
411 Spring Ave, Ridgewood, NJ - Beds \| - Baths \| 4287 Sq. Ft.	$2,287,351
405 Spring Ave, Ridgewood, NJ - Beds \| - Baths \| 1826 Sq. Ft.	$1,167,014
381 Spring Ave, Ridgewood, NJ - Beds \| - Baths \| 5116 Sq. Ft.	$2,380,287
386 Spring Ave, Ridgewood, NJ - Beds \| - Baths \| 3858 Sq. Ft.	$2,737,955
136 South Irving St, Ridgewood, NJ 3 Beds \| 1.5 Baths \| - Sq. Ft.	$1,123,382
149 South Irving St, Ridgewood, NJ - Beds \| - Baths \| 2620 Sq. Ft.	$1,416,472
152 South Irving St, Ridgewood, NJ 4 Beds \| 4 Baths \| - Sq. Ft.	$1,795,903

Address	Redfin Estimate
419 Spring Ave, Ridgewood, NJ 4 Beds \| 2.5 Baths \| - Sq. Ft.	$1,754,014
363 Spring Ave, Ridgewood, NJ 4 Beds \| 3.5 Baths \| - Sq. Ft.	$2,454,131
360 Spring Ave, Ridgewood, NJ 6 Beds \| 4 Baths \| - Sq. Ft.	$2,007,861
410 Spring Ave, Ridgewood, NJ - Beds \| - Baths \| 5460 Sq. Ft.	$3,099,028
385 Evergreen Pl, Ridgewood, NJ - Beds \| - Baths \| 1619 Sq. Ft.	$1,130,454
159 South Irving St, Ridgewood, NJ 7 Beds \| 5.5 Baths \| - Sq. Ft.	$2,405,069
146 South Irving St, Ridgewood, NJ 5 Beds \| 2.5 Baths \| - Sq. Ft.	$1,692,542

Address	Redfin Estimate
427 Spring Ave, Ridgewood, NJ 5 Beds \| 4.5 Baths \| - Sq. Ft.	$2,520,199
369 Spring Ave, Ridgewood, NJ 3 Beds \| 3 Baths \| - Sq. Ft.	$1,330,879
370 Spring Ave, Ridgewood, NJ - Beds \| - Baths \| 4078 Sq. Ft.	$2,113,095
369 Evergreen Pl, Ridgewood, NJ - Beds \| - Baths \| 1426 Sq. Ft.	$885,038
141 South Irving St, Ridgewood, NJ - Beds \| - Baths \| 4278 Sq. Ft.	$1,964,729
156 South Irving St, Ridgewood, NJ 3 Beds \| 2 Baths \| - Sq. Ft.	$1,236,068
374 Evergreen Pl, Ridgewood, NJ - Beds \| - Baths \| 2395 Sq. Ft.	$1,530,716

Property information provided by NJMLS when last listed in 2022. This data may not match . Learn more.

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