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Legal Three-Family Income Property
For Sale
$569,900

288 Pomona Ave 3, Newark, NJ 07112

Bright three-unit residence offers spacious eat-in kitchens, hardwood floors, and flexible room layouts with three full bathrooms.

Property SizeContact for details
Days on Market19

Property Features for 288 Pomona Ave 3

General Information

Standard status Active
Property subtype Multi Family

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $6,098

Building Details

Year Built 1925
Units 3
Listing Agency:
Listed By: LODI TANNIOS
Source: Elliman
Added: Jul 24 Changed: Aug 8 Last Checked: Aug 10 at 8:10AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LODI TANNIOS

Investment Insights

Based on property information with market context.

This legal three-family home is configured with three separate units and totals six bedrooms, with potential for up to seven. The property includes three full bathrooms and features spacious eat-in kitchens with pantry space, along with hardwood floors. Unit 2 has an enclosed porch and a den, and Unit 1 includes a bonus room that can be used as a home office or additional storage.

Located on a quiet dead-end street in the Weequahic section of Newark, the property is described as being close to schools, shopping, restaurants, parks, and local and NYC transportation, including train stations and Newark Liberty International Airport. BikeScore is listed at 41 and walkScore at 80, with transitScore listed as 59.

Additional flexibility is provided through the various bonus and den spaces within the units, supporting a range of live-and-rent or multi-unit occupancy arrangements.

Key Highlights

  • Legal 3‑family home built in 1925 in Newark’s Weequahic section
  • 3 full bathrooms and 6 bedrooms, with potential for up to 7 bedrooms
  • Spacious eat‑in kitchens with pantry space in the 3‑unit layout

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Skin Care Clinic Gym & Fitness Center (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

1,725
Businesses Nearby

Demographics for 07112, NJ

29,773
Population
11,779
Households
2.5
Avg Household Size
34
Median Age
18%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
21,266
Density / Sq Mi
$55,171
Median Household Income
$35,709
Median Earnings
$1,334
Median Rent
$306,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Bright three-unit residence offers spacious eat-in kitchens, hardwood floors, and flexible room layouts with three full bathrooms.
Where is this triplex located?
The property is located at 288 Pomona Ave 3 Newark, NJ.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Legal 3‑family home built in 1925 in Newark’s Weequahic section; 3 full bathrooms and 6 bedrooms, with potential for up to 7 bedrooms; Spacious eat‑in kitchens with pantry space in the 3‑unit layout
More about this property
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