262 Prospect Avenue
Dunellen, NJ, 08812 $ 1,199,000
Baths7.0 Sq 5,571 Monthly Estimate*
$ 7,571
Studio for $1,199,000 with 7 full baths. This 5,571 square foot home was built in 1935 on a lot size of 0.186.
A Truly One-of-a-Kind Custom 3-Family That Sets a New Standard! Rarely does a property combine the craftsmanship of a custom home with the income potential of a multi-family investment. Completely rebuilt and thoughtfully expanded in 2018, this exceptional 3-family residence offers the perfect blend of luxury, functionality, and long-term value. Each of the 3 apartments has been beautifully renovated with quality finishes, including hardwood flooring, modern kitchens, updated baths, new Andersen windows, private laundry, and separate utilities making ownership simple and efficient.The showpiece of the property is unit #3, offering more than 2,500 square feet of beautifully designed living space across 3 levels. Featuring 3+ bedrooms, 4 full bathrooms, and an attached garage. It lives more like a custom single-family home than an apartment, making it ideal for an owner-occupant seeking luxury while generating substantial rental income. Outside, the property continues to impress with professionally designed paver patios, a covered pergola, abundant off-street parking, and a spectacular newly rebuilt barn/garage complete with extensive storage space for tenants, hobbies, or future possibilities. Whether you're looking for an owner-occupied residence or a premier investment property, this exceptional home delivers. With current annual rental income exceeding $112,000, outstanding condition, and truly unique amenities, this 3-family home is unlike anything else on the market!
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FeaturesGeneralLiving Area 5571
Sewer Public Sewer
Heating Zoned Forced Air
Cooling A/C Central - All A/C Multi-Zone Attic Fan Unit 1(A/C Central) Unit 2(A/C Central) Unit 3(A/C Central)
Utilities Electricity Connected Natural Gas Connected
Roof Asphalt
Year Built 1935
Stories Count 3
Property Subtype 3 Family
Tax Year 2024
County Middlesex
Property Type Residential Income
Full Baths 0
Close Price 0
Status Active Coming Soon
City Dunellen
Lot Size Square Feet 8102
Tax Annual Amount 16081
Living Area Units Square Feet
Standard Status Coming Soon
Appliances Water Heater(Gas) Water Heater Unit 1(Dryer Range/Oven Refrigerator Washer) Unit 2(Dryer Range/Oven Refrigerator Washer) Unit 3(Dryer Range/Oven Refrigerator Washer)
Gas Y/N Natural Gas
Electric 240 Volt(s) 200 Amp(s)
Virtual Tour https://www.propertypanorama.com/instaview/msx/2618006R
Garage Spaces 2
Ownership Fee Simple
Attached Garage true
Garage Y/N true
Total Rooms 17
Carport Spaces 0
Carport Y/N false
Community Features Curbs Sidewalks
Other Structures Barn/Stable
Patio/Porch Features Patio Porch(es) - Open Deck Porch
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InteriorInterior Amenities Unit 1(2 Bedrooms Kitchen 1 Bath Living Room) Unit 2(3 Bedrooms Kitchen Living Room 2+ Baths Den/Family Room) Unit 3(Dining Room 3 Bedrooms Kitchen Living Room 2+ Baths Den/Family Room)
Total Stories 3
Heating Y/N true
Half Baths 0
Total Baths 7
Basement Full Storage Space Utility Room
Total Bedrooms 0
Window Features Insulated Windows Blinds
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ExteriorParking Features Garage Attached Oversized Detached See Remarks 4(+)Car Parking Paved
Lot Features Near Shopping Near Train Level
Water Source Public
Lot Size Area 0.186
Building Area Total 5571
Lot Dimensions 200.00 x 81.00
Lot Size Acres 0.186
Covered Spaces 2
Exterior Amenities Patio Barn/Stable Curbs Porch(es) - Open Deck Door(s)-Storm/Screen Sidewalk Fencing/Wall Windows - Insulated Pane Yard Blinds Porch Private Entrance Storage Area-Common Storage Area-Private
Number of Separate Water Meters 3
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Fencing Fencing/Wall
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* Excluded FeaturesList ByTHOMAS BONIAKOWSKIListing Agent
Era Boniakowski Real EstateBroker
tomboniakowski@eabrealty.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,571
- Monthly Property Taxes
- $1,340
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Dunellen, NJ
Average List Price $542,500
Percent of Sale Price 55%
About Dunellen, NJ 7,173 Population
5% Since 2002
$ 77,139 Median Income
39.3 Median Age
33% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/1/2026 | $1,199,000 | | Listed Price |