288 Pomona Ave, Newark, NJ 07112
Bright three-unit income property with multiple bedrooms, hardwood floors, and an eat-in kitchen configuration.
- Added:
- May 27, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 6 at 5:34 am
Property Features for 288 Pomona Ave
General Information
- Standard status
- Active
- Size
- 2,736 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing agent Tracy Cherry-Arnold License #NJ
Listing office Exit Platinum Realty
Listing date May 27, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Exit Platinum Realty
HighLights
- Bright 3‑family home built in 1925 in the Weequahic section
- 5 bedrooms total with potential for a 6th bedroom
- 3 total baths across the home
- Eat‑in kitchen (EIK) with pantries
- Hardwood floors and abundant natural light throughout
- Unit 1 includes a bonus room
Overview
The property is tucked away in the Weequahic section on a quiet dead-end street. It is positioned near upcoming Lionsgate studios and provides easy access to schools, restaurants, and local as well as NYC transportation, along with airport and train connectivity.
With three separate units, this home is well suited for an owner-occupant landlord who wants to live in one unit while generating rental income from the others. The combination of multiple bedroom options, built-in pantry space, and bonus-room flexibility in Unit 1 supports a range of tenant and household needs.
Local 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 | $69.6k | $25.44 |
| − Vacancy | −$3.4k | −$1.23 |
| EGI | $66.2k | $24.21 |
| − OpEx | −$19.9k | −$7.26 |
| NOI | $46.4k | $16.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2189727
- Latitude
- 40.7109218
