Multifamily Income Property with Large
822 Pompton Ave Cedar Grove, NJ 07009
For Sale
$1,425,000
MULTI_FAMILY - Cedar Grove Twp., NJ
Property Size3,356 SF
Lot Size0.60 Acres
Price / SF$424.61
Days on Market35
Property Features for 822 Pompton Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- multi
- Bedrooms
- 7
- Bathrooms
- 6
- Rooms
- Bathroom 3, Bathroom 5, Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 7, Bathroom 6, Bedroom 7, Bedroom 6, Basement, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 1
- Parking
- 4
- Patio and Porch features
- Patio
- Interior features
- Beam Ceilings, Chandelier, Fire Extinguisher, High Ceilings, Marble Floors, Tile Floors, Walk-In Closet, Wood Floors
- Exterior features
- Barbeque, Gazebo, Patio, FencPriv, Storage, StrmDoor, StrmWind, ThrmlW&D
- Fencing
- Fenced
- Standard status
- Active
- Size
- 3,356 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 15993
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Baseboard
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Shingle, Flat
- Architectural style
- Other
- Additional Structures
- Gazebo, Storage
Listing Agency:
WAYNE HILLS REALTY
(973) 907-0227
Listed By:
JOSEPH MASTROPOLE · License #3604671
(973) 790-9200
Added: Jun 21
Changed: Jul 10
Last Checked: Jul 25 at 1:06AM
MLS# 4035882
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This multifamily income property is listed for sale in Cedar Grove Township and is zoned for multi-family use. The offering includes a residential income structure totaling 3,356 square feet on a 0.6-acre lot.
The property site is described as an oversized lot measuring 95 by 276. Public remarks indicate there may be an opportunity, with town approval, to pursue a zoning change for professional use.
Buyers should review the scope and requirements of any proposed zoning change with the town as part of their due diligence.
The property site is described as an oversized lot measuring 95 by 276. Public remarks indicate there may be an opportunity, with town approval, to pursue a zoning change for professional use.
Buyers should review the scope and requirements of any proposed zoning change with the town as part of their due diligence.
Key Highlights
- Oversized lot measuring 95x276, with possibility of town approval for a zoning change for professional use
- Central air cooling and hot water/baseboard heating
- Interior features include marble and tile floors, wood floors, beam and high ceilings, and a walk‑in closet
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.8k | $25.56 |
| − Vacancy | −$5.5k | −$1.65 |
| EGI | $80.2k | $23.91 |
| − OpEx | −$24.1k | −$7.17 |
| NOI | $56.2k | $16.74 |
3,356 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$802.4K
$702.1K – $936.1K
NOI $56,167 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$737.3K
$645.1K – $860.2K
NOI $51,609 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$876.3K
$766.8K – $1.02M
NOI $61,342 @ 7.0% cap · market cap 4.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Multifamily property zoned multi, situated on an oversized lot with potential for professional use pending town approval.
Where is this duplex located?
The property is located at 822 Pompton Ave Cedar Grove, NJ.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Oversized lot measuring 95x276, with possibility of town approval for a zoning change for professional use; Central air cooling and hot water/baseboard heating; Interior features include marble and tile floors, wood floors, beam and high ceilings, and a walk‑in closet
