This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$425,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Located in the Weequahic section of Newark, this spacious 2-family property presents a great opportunity for both investors and owner-occupants. The home features two units along with bonus space that offers flexibility for storage or other permitted uses. does require TLC, making it a value-add opportunity. Each unit has a functional layout ready for your vision. The property is ideally located near NJ Transit bus lines with access to train service into NYC. It is close to major highways, including I-78, Route 1&9, and the Garden State Parkway, and just minutes from Newark Liberty International Airport. Shopping, dining, parks, and other amenities are nearby. Buyer is responsible for CO and fire inspection. The property is being sold as is and. Inspection is for informational purposes only.
Full Property Details
Full Property Details for 242 Pomona Ave
General
- Price: $425,000
- Taxes: $6,578 (2025)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4017076
- Updated: 3/31/2026
- Added to Site: 7 day(s) ago
Interior
- Number of Rooms: 12
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 1
- Garage Description: Detached Garage
Location
- County: Essex
- Driving Directions: LYONS AVON TO POMONA
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: Radiators - Steam
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Architectural Style: 3-Three Story
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Year Built: 1930
Unit Information
Unit 1
- Unit Description: Bedrooms
- Levels/Stories: 1
- Fireplaces: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.09
- Lot Dimensions: 40 x 103
- Driveway/Sidewalk: 1 Car Width
Financial Considerations
- Assessment Amount: $144,500
- Land Assmt: $20,000
- Tax Amount: $6,578
- Tax Year: 2025
Disclosures and Reports
- Block: 3717
- Lot Number: 1
Listed by Re/Max First Realty Ii
Get Pre-Approved Today
Schools
Schools serving 242 Pomona Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Chancellor Avenue Elementary School, Newark, NJ 321 Chancellor Avenue, Newark, NJ 07112 | 3-8 | 0.2 mi |
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112 | K-8 | 0.8 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 1.1 mi |
Weequahic High School 279 Chancellor Avenue, Newark, NJ 07112 | 9-12 | 0.1 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1.5 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 1.9 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.9 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 2.1 mi |
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106 | PK-8 | 2.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 242 Pomona Ave
Date
Details
Price
Change
Source
3/26/2026
Listed
$425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 242 Pomona Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,256
2%
$164,500
—
2023
$6,133
—
$164,500
—
2022
$6,146
—
$164,500
—
2021
$6,142
33%
$164,500
—
2021
$4,631
-24%
$164,500
—
2018
$6,075
4%
$164,500
—
2017
$5,856
3%
$164,500
—
2016
$5,659
4%
$164,500
—
2015
$5,443
-12%
$164,500
—
2019
$6,187
27%
$164,500
—
2013
$4,858
—
$164,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 242 Pomona Ave
242 Pomona Ave, Newark, NJ 07112 (MLS# 4017076) is a Multi-Family property with 2 units containing 5 bedrooms and 3 full bathrooms. 242 Pomona Ave is currently listed for $425,000 and was received on March 26, 2026. Want to learn more about 242 Pomona Ave? Do you have questions about finding other Multi-Family real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

