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304 Ridgewood Ave, Newark, NJ, 07112

11beds
5baths
0sqft
$699,999
--price/sqft
$5,324/moest. monthly cost
$212,960/yrincome needed

About This Home

Welcome to 304 Ridgewood Ave, this stunning 2-family property renovated in 2026! Thisspacious and modern home is perfect for investors or owner occupants looking for steadyincome. This property offer 11 bedrooms and 5 baths. Each unit has 4 bedrooms 2 baths andupdated kitchens and stainless steel appliances, modern bathrooms and new flooringthroughout. Full finish walkout basement w/ summer kitchen and full bath. Each unit hasseparate utilities owner pays water. This home is located in the beautiful section of the Weequahic section of Newark. Hurry this will not last LOW PROPERTY TAX, Home sold AS IS.

Getting Around

59
WalkingSomewhat Walkable
63
TransitGood Transit
45
BikeSomewhat Bikeable

Schools

1/10
1/10
Weequahic High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1960

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Brick,Vinyl Siding

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range/Oven - Gas

Basement

  • Has basement: Yes
  • Basement: Yes,Finished,Full,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 11
  • Bathrooms: 5
  • Full bathrooms: 5

Features

  • Bedrooms,Eat-in Kitchen,Living Room,Master Bedroom,Eat-In Kitchen

Heating & Cooling

  • Heating features: 2 Units,Forced Air,Electric,Natural Gas
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 0

Property

Details

  • Parcel number: 1614035620001000330000

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 3,049 sqft
  • Lot size dimensions: 29.6 x 100

Parking

  • Total spaces: 2
  • Parking features: 2 Car Width
  • Uncovered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Strong Wind
Winter Weather

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,539$42,468
Home Insurance *$368$4,416
Property Taxes $1,224$14,688
Electricity $193$2,318
Total$5,324$63,888
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$182,537/yr
40% on housing$159,720/yr
45% on housing$141,973/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07112$273
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07112$186
Essex County$391

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-03Listed for sale$699,999
2023-10-17Listing removed--
2023-10-08Price change$650,000
2023-09-21Listed for sale$599,999
2023-03-01Listing removed--
2022-12-28Listed for rent$2,400

For Sale by Agent

AgentTakisha Gresham
BrokerageRedfin Corporation

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