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.
Under contract
$1,200,000
104 Ridgedale Ave, Hanover Twp., NJ 07927
4beds
39,996sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$30/sqft
$-- HOA
What's special
Central air conditioningNewer roof
- 139 days |
- 36 |
- 0 |
Zillow last checked: April 04, 2026 at 11:55pm
Listing updated: January 23, 2026 at 03:43am
Listed by:
Erica Travis 908-370-8695,
Compass New Jersey, Llc,
Jennifer Pickett
Source: GSMLS,MLS#: 3998184
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2.4
- Full bathrooms: 2
- 1/2 bathrooms: 4
Heating
- 2 Units, Baseboard - Electric, See Remarks, Natural Gas
Cooling
- 2 Units, Central Air, See Remarks, Wall Unit(s)
Appliances
- Included: See Remarks, Microwave Oven, Range/Oven - Electric, Refrigerator, Stackable Washer/Dryer
Features
- See Remarks, Bedrooms, Kitchen, Living Room, Ceiling Fan(s)
- Flooring: Carpet, Vinyl-Linoleum Floors
- Basement: Yes,French Drain,Partial,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 39,996
- Total interior livable area: 39,996 sqft
Property
Parking
- Total spaces: 18
- Parking features: Asphalt, Parking Lot-Exclusive, None
- Uncovered spaces: 18
Accessibility
- Accessibility features: Handicap Modified
Features
- Levels: Two
- Stories: 2
- Exterior features: Sidewalk
Lot
- Size: 0.28 Acres
- Dimensions: .277 AC
- Features: Corner Lot
Details
- Parcel number: 2312014010000000170001
- Zoning description: B
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick, Vinyl Siding
- Roof: Asphalt Shingle
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Garbage Included
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Alarm Sys, Fire Extinguisher
Location
- Region: Cedar Knolls
Financial & listing details
- Price per square foot: $30/sqft
- Tax assessed value: $681,400
- Annual tax amount: $14,588
- Date on market: 11/17/2025
- Total actual rent: 9613
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$3,129/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/23/2026 | Pending sale | $1,200,000$30/sqft |
Source:  GSMLS #3998184 Report a problem | ||
| 11/18/2025 | Listed for sale | $1,200,000$30/sqft |
Source: GSMLS #3998184 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$7,690/mo
Principal & interest
$5890
Property taxes
$1800
More affordability tools
Climate risks
Neighborhood: 07927
Nearby schools
GreatSchools rating
- 8/10Mountview Road Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Memorial Junior Middle SchoolGrades: 6-8Distance: 2 mi
- 9/10Whippany Park High SchoolGrades: 9-12Distance: 1.4 mi
Local experts in 07927
- New Jersey
- Morris County
- Cedar Knolls
- 07927
- 104 Ridgedale Ave
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Nearby zip codes
Other Cedar Knolls Topics
