Map location of 104 Ridgedale Ave, Hanover Twp., NJ 07927
$1,200,000
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104 Ridgedale Ave, Hanover Twp., NJ 07927

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4 Beds
6 Baths
39,996 Sq Ft

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 By: COMPASS NEW JERSEY, LLC njgsmls-r Realty.com
  • MLS# 3998184
  • Date Listed11/17/2025
  • Days on Realty 5 Days
  • Bedrooms 4
  • Bathrooms 2 Full baths, 4 Half baths
  • Lot Size 0.28 acres (12,197 sq. ft)
  • Sewer Public Sewer
  • Property Type Quadruplex
  • County Morris
  • Water Public
  • Square Feet 39,996 sq. ft
  • Price Per Sq. Ft $30

Interior Features

  • Flooring Carpet, Vinyl
  • Cooling Central Air
  • Heating Baseboard, Natural Gas

Exterior / Lot Features

  • Roof Asphalt
  • Lot Size Acres 0.28
  • Lot Size SQFT 12,196.80
  • Lot Features Corner Lot

Directions

Ridgedale avenue, corner of summit ave

Financial Considerations

  • Tax Amount $14,588
  • Terms Cash, Conventional, FHA, VA Loan

Nearby Schools

Source: School Digger

Lafayette Learning Ctr

Public • PK - PK • Serves this home

2.18 mi

Distance

Harding Township

Public • PK - 8

2.73 mi

Distance

Eastlake Elementary School

Public • PK - 5

3.62 mi

Distance

Lakeview Elementary School

Public • PK - 5

5.35 mi

Distance

Briarwood Elementary School

Public • PK - 2

5.78 mi

Distance

Central Avenue Elementary School

Public • PK - 5

5.88 mi

Distance

Lake Drive Hearing Imp

Public • PK - 8

6 mi

Distance

Lake Hiawatha School

Public • PK - 5

6.43 mi

Distance

Milton Avenue Elementary School

Public • PK - 3

7.65 mi

Distance

Borough School

Public • 3 - 8 • Serves this home

2.11 mi

Distance

Memorial Junior Middle School

Public • 6 - 8

2.73 mi

Distance

Sussex Avenue Elementary School

Public • 3 - 5

2.78 mi

Distance

Alexander Hamilton Elementary School

Public • 3 - 5

3.18 mi

Distance

Frelinghuysen Middle School

Public • 6 - 8

3.27 mi

Distance

Thomas Jefferson Elementary School

Public • 3 - 5

3.32 mi

Distance

Brooklawn Middle School

Public • 6 - 8

3.37 mi

Distance

Ridgedale Middle School

Public • 6 - 8

4.82 mi

Distance

Central Middle School

Public • 6 - 8

5.35 mi

Distance

Brooklake Elementary School

Public • 3 - 5

5.78 mi

Distance

Whippany Park High School

Public • 9 - 12 • Serves this home

1.31 mi

Distance

Morristown High School

Public • 9 - 12

3.18 mi

Distance

Morris Regional School

Public • 9 - 11

3.36 mi

Distance

Parsippany Hills High School

Public • 9 - 12

3.44 mi

Distance

Madison High School

Public • 9 - 12

5.12 mi

Distance

Hanover Park High School

Public • 9 - 12

5.31 mi

Distance

Morris Co School Of Tech

Public • 9 - 12

5.46 mi

Distance

Parsippany High School

Public • 9 - 12

5.77 mi

Distance

Mountain Lakes High School

Public • 9 - 12

6.1 mi

Distance

Academy For Biotechnology

Public • 9 - 12

6.1 mi

Distance

Allegro School

Private • PK - 12

0.07 mi

Distance

Winston Preparatory School

Private • KG - 12

1.52 mi

Distance

The Morristown-beard School

Private • 06 - 12

1.81 mi

Distance

Shepard High School

Private • 06 - 12

2.67 mi

Distance

Calais School

Private • KG - 12

2.73 mi

Distance

Fusion Academy

Private • 06 - 12

3.32 mi

Distance

Academy Of Saint Elizabeth

Private • 09 - 12

3.6 mi

Distance

Villa Walsh Academy

Private • 07 - 12

5.28 mi

Distance

Delbarton School

Private • 07 - 12

5.87 mi

Distance

Newark Academy

Private • 06 - 12

6.86 mi

Distance

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in NJ / 07927

Source: Walkscore

40/100

Car-Dependent

Walk Score ®

57/100

Bikable

Bike Score ®

Overview

Most errands require a car. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 2/100, Bike Score: 30/100.

Points of Interest near 104 Ridgedale Ave, Hanover Twp., NJ 07927

Frequently Asked Questions for 104 Ridgedale Ave

Source: Realty.com

104 Ridgedale Ave, Hanover Twp., NJ 07927 is a Quadruplex, Residential Income property listed for $1,200,000 The property is 39996 sq. ft with 4 bedrooms and 6 bathrooms

Realty.com has 47 photos of 104 Ridgedale Ave.

The full address for this home is 104 Ridgedale Ave, Hanover Twp., NJ 07927.

104 Ridgedale Ave has been listed on Realty.com since Mon November 17, 2025

Most errands require a car. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 26/100, Transit Score: 2/100, Bike Score: 30/100.

There are 3 schools assigned to this home. Check out the schools near 104 Ridgedale Ave. Lafayette Learning Ctr (Grades: PK - PK), Borough School (Grades: 3 - 8), Whippany Park High School (Grades: 9 - 12)

Listing provided courtesy of: Compass New Jersey, Llc (tel: 973-315-8180)
Listing agent: Erica Travis (tel: 973-310-6186) (#290120)

This content last refreshed on 2025-11-22 15:06:50. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 104 Ridgedale Ave, Hanover Twp., NJ 07927 : MLS# 3998184

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