104 Ridgedale Ave

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Highest and best Wednesday 11/26 at 9am. Welcome to an exceptional income-producing opportunity at 104 Ridgedale Avenue in Cedar Knolls, NJ. This versatile 4-unit commercial property is designed for the discerning investor seeking reliable returns. Featuring a generous lot size of 12,066 square feet, the property stands as a testament to quality and potential.The structure houses a mix of residential and commercial tenants ensuring a steady revenue stream, currently collecting just over $9,600 monthly...Highest and best Wednesday 11/26 at 9am. Welcome to an exceptional income-producing opportunity at 104 Ridgedale Avenue in Cedar Knolls, NJ. This versatile 4-unit commercial property is designed for the discerning investor seeking reliable returns. Featuring a generous lot size of 12,066 square feet, the property stands as a testament to quality and potential.The structure houses a mix of residential and commercial tenants ensuring a steady revenue stream, currently collecting just over $9,600 monthly and over 115,000 annually. On the second floor, a long-term tenant occupies a spacious 2-bedroom apartment for 1800/mo complemented by another 2-bedroom apartment recently renovated in 2023 at 2300 a month. This building has a large 15+ car parking lot, a newer roof, central air conditioning, separate utilities, and a prime location, enhancing tenant comfort and property value. The landlord pays a portion of heat and electric costs for the common areas.The ground floor boosts this property's commercial appeal with a rented hair salon (1800/mo) and a dentist office (3750/mo) each secured with a 5-year lease This unique blend of residential and commercial space, along with its modern amenities, presents an exceptional investment in a strategic location. Explore the possibilities and secure a property that promises both stability and growth.

Listing Agents

  1. Erica Travis

    Erica Travis

    Listing Agent

    Compass

    erica.travis@compass.com

    P: (908)-370-8695

  2. Jennifer Pickett

    Jennifer Pickett

    Alternative Listing Agent

    Compass

Property Details for 104 Ridgedale Avenue

Directions
Ridgedale avenue, corner of summit ave
Days On Market
15
LISTING UPDATED: 12/02/2025 09:21 AM

Property Details for 104 Ridgedale Avenue

StatusActive
MLS #3998184
Days on Market53
Taxes$14,588 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / 2-Two Story
Year Built9999
Lot Size0.28 AC / 12,196 SF
CountyMorris County
Add your commute

Building Information for 104 Ridgedale Avenue

Stories-Residences4Year Built9999Building Size-Lot Size0.28 AC / 12,196 SF

Payment Calculator

$7,064 per month

30 year fixed, 6.15% Interest

Principal and Interest

$5,849

Property Taxes

$1,216

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 104 Ridgedale Avenue

Summary
Location and General Information
  • Zoning: B
  • Address Included: Y
  • Active Days on Market: 15
  • County #: Morris
  • Town Name: Hanover Twp.
  • Block Identifier: 1401
  • Listing Type: Exclusive Right to Sell
  • Color of Building: brown
  • Town #: 2312.0
  • Street # Display: 104.0
  • # Parking Spaces: 18
  • County Or Parish: Morris
  • Street Name: Ridgedale Ave
  • Zip Code: 07927-1632
  • Total Units: 4
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $14,588
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 681400.0
  • Tax ID For Property: 2312-01401-0000-00017-0001-
  • Tax Rate Amount: $2
  • Tax Rate Tax: *
  • Tax Rate Year: 2025
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: Blacktop, Parking Lot-Exclusive
  • Garage Description: None
Property
Lot Information
  • Lot Description: Corner
  • Lot Identifier: 17.01
  • Approximate Lot Size: .277 AC
  • Total Acres: 0.28
  • Construction Date/Year Built: 9999
  • Construction Date/Year Built Des: Unknown
Property and Assessments
  • Assessment Bldg: 464100.0
  • Assessment Land: 217300.0
  • Attorney Review in Progress: *
Utilities
  • Cooling: 2 Units, Central Air, See Remarks, Wall A/C Unit(s)
  • Services: Garbage Included
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Heating: 2 Units, Baseboard - Electric, See Remarks
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Brick/Block, Vinyl Siding
  • Exterior Features: Sidewalk
Interior Features
  • Interior Features: Carbon Monoxide Detector, Carpeting, Fire Alarm Sys, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: French Drain, Partial, Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Carbon Monoxide Detector, Fire Alarm System, See Remarks, Smoke Detector
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 0
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: Yes
  • Unit 1 Lease Expiration: 12-31-2027
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 1 Rent: 3641.0
  • Unit 1 Room Description: See Remarks
  • Unit 1 Rooms: 8.0
  • Unit 1 Security Deposit: 3500.0
  • Unit 1 Sq Ft: 9999.0
Unit 2 Information
  • Unit 2 Appl/Equip: Carbon Monoxide Detector, See Remarks, Smoke Detector
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 0
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Lease Expiration: 05-31-2028
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 2 Rent: 1872.0
  • Unit 2 Room Description: See Remarks
  • Unit 2 Rooms: 3.0
  • Unit 2 Security Deposit: 3500.0
  • Unit 2 Sq Ft: 9999.0
Unit 3 Information
  • Unit 3 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Microwave Oven, Range/Oven - Electric, Refrigerator, Smoke Detector, Stackable Washer/Dryer
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 2
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Lease Expiration: 06-14-2025
  • Unit 3 Levels: 1.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 3 Rent: 1800.0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 3 Rooms: 4.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 9999.0
Unit 4 Information
  • Unit 4 Appl/Equip: Carbon Monoxide Detector, Ceiling Fan(s), Microwave Oven, Range/Oven - Electric, Refrigerator
  • Unit 4 Baths: 1.0
  • Unit 4 Bedrooms: 2
  • Unit 4 Fireplaces: 0.0
  • Unit 4 Handicap Modified: No
  • Unit 4 Lease Expiration: 12-31-2025
  • Unit 4 Levels: 1.0
  • Unit 4 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
  • Unit 4 Rent: 2300.0
  • Unit 4 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 4 Rooms: 4.0
  • Unit 4 Security Deposit: 3450.0
  • Unit 4 Sq Ft: 9999.0
Multi-Family Information
  • Unit Style: 2-Two Story
Income & Expenses Information
  • Total Operating Expense: $36,000.00
  • Expenses Include: Electric, Heat, Maintenance, Taxes
  • Net Operating Income: $79,800.00
  • Gross Operating Income: $115,800.00

Property History for 104 Ridgedale Avenue

DateEvent & SourcePriceAppreciation
Nov 18, 2025

Price Change

GSMLS #3998184

$1,200,000
Nov 17, 2025

Price Change

GSMLS #3998184

$1,250,000
Nov 17, 2025

Listed (Active)

GSMLS #3998184

$1,200,000
DateEvent & SourcePrice
11/18/2025

Price Change

GSMLS #3998184

$1,200,000
11/17/2025

Price Change

GSMLS #3998184

$1,250,000
11/17/2025

Listed (Active)

GSMLS #3998184

$1,200,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 104 Ridgedale Avenue

Taxable ValueLand$217,300Additions$464,100Total$681,400
Tax Record2024$14,589 ($1,216 / month)
Home Facts
Stories2Lot Size12,066 SqFtStyleMiscellaneous CommercialZoningBCountyMORRISAPN12 01401-0000-00017- 01

Schools near 104 Ridgedale Avenue

This home is within Hanover Township Board Of Education School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Bee Meadow Elementary School
PublicK to 5

Memorial Junior Middle School
Public6 to 8

Whippany Park High School
Public9 to 12

Salem Drive Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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104 Ridgedale Avenue is a multi-family home for sale in Cedar Knolls, NJ 07927. This property was listed for sale on November 17, 2025 by Compass, it's currently listed at $1,200,000. This listing's school districts are Hanover Park Regional High School District, Hanover Township Board Of Education School District. Nearby schools include Bee Meadow Elementary School, Memorial Junior Middle School and Whippany Park High School. 104 Ridgedale Avenue is a 4-bed, 6-bath, multi-family home built in 9999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

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