262 Prospect Ave
Dunellen, NJ, 08812 $ 1,199,000
Bedrooms8 Baths7.0 Sq 5,571 Monthly Estimate*
$ 7,571
for $1,199,000 with 8 bedrooms and 7 full baths. This 5,571 square foot home was built in 1935.
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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FeaturesInteriorInterior Amenities Blinds Carbon Monoxide Detector High Ceilings Smoke Detector Walk-In Closet Wood Floors
Basement Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 2.0
Unit 2 Beds Total 3
Unit 3 Baths Total 4.0
Unit 3 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 8
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GeneralSewer Public Sewer
Heating Forced Hot Air Multi-Zone
Cooling Attic Fan Central Air Multi-Zone Cooling
Utilities Electric Gas-Natural
Possession At Closing
Roof Asphalt Shingle
Water Heater Gas
Garage Spaces 2
Architectural Style 3-Three Story See Remarks
Year Built 1935
Garage Attached Garage Detached Garage Garage Parking Loft Storage Oversize Garage See Remarks
Township Dunellen Boro
Tax Year 2025
Gross Income 112800
County Middlesex
Net Operating Income 83100
Operating Expense 30000
Total Rooms 17
Full Baths 7
Status Coming Soon
Directions North Avenue (Route 28) Then Right on Prospect Avenue.
High School DUNELLEN
Open Parking Spaces 6
Number Of Units Total 3
Elementary School J.P.FABER
Tax Annual Amount 16891
Home Warranty Y/N No
Middle/Junior High School LINCOLN MS
Drive Blacktop Driveway-Exclusive On-Street Parking
Standard Status Coming Soon
Tax Assessed Value 793500
Town # 2103
Tax Lot 1
Farm Assessment No
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ExteriorExterior Amenities Barn/Stable Deck Open Porch(es) Patio Thermal Windows/Doors Wood Fence Workshop
Lot Features Level Lot
Water Source Public Water
Exterior Description Vinyl Siding
Building Area Total 5571
Lot Dimensions 6X200 75X200
Lot Size Acres 0.00
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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
- $1,408
- 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 $870,750
Percent of Sale Price 27%
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.
291254 Elementary School
289875 Middle School
Dunellen High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 7/1/2026 | $1,199,000 | | Listed Price |