288 Pomona Ave, Newark, NJ 07112
3-Three Story, Multi-Family - Newark City, NJ
- Added:
- Feb 8, 2026
- Days on Market:
- 135
- Last Refresh:
- Jun 23 at 9:06 pm
Property Features for 288 Pomona Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Dining Room, Family Room, Kitchen, Living Room
- Parking
- 7
- Interior features
- Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Tile Floors, Wood Floors
- Exterior features
- Wood Fence
- Fencing
- Fenced, Wood
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 2,736 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 5799
Utilities
- Heating system
- Other (Heating), Steam
- Cooling system
- None (Cooling)
Building Details
- Year built
- 1925
- Number of units
- 3
- Building materials
- Brick, Vinyl Siding
- Roof type
- Asphalt, Rubber, Shingle
- Architectural style
- Other
Listing agent TRACY CHERRY-ARNOLD (908) 338-0639
Listing office EXIT PLATINUM REALTY 200 CLARMONT AVE, Montclair, NJ (908) 338-0639
Listing date Feb 8, 2026
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.
HighLights
- 3‑family home with 5 bedrooms and 3 bathrooms
- Rooms include kitchen, dining room, living room, family room, den, and basement
- Basement is available; heating includes steam (cooling is listed as none)
- Interior features include smoke detectors, fire extinguisher, and tile and wood floors
- Construction includes brick and vinyl siding
- Fenced property with wood fencing; roof materials include asphalt, rubber, and shingle
Overview
Located in Newark City’s Weequahic section on a quiet dead-end street, the home is positioned near upcoming Lionsgate studios. The area offers convenient access to schools, restaurants, and local transportation with connections to NYC, along with access to the airport and train.
With its 3-unit configuration and room flexibility across multiple units, this property is well suited for an owner-occupant landlord looking to live in one unit while operating the remaining units. The residential zoning supports its use as a multifamily residential income property, with indoor features such as pantries, hardwood floors, and multiple unit-specific rooms enhancing everyday livability.
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
- -74.21889
- Latitude
- 40.711
