262 Prospect Avenue
Dunellen, NJ, 08812 $ 1,199,000
Bedrooms-- Baths7.0 Sq 5,571 Monthly Estimate*
$ 8,281
for $1,199,000 with 7 full baths. This 5,571 square foot home was built in 1935 on a lot size of 0.3719.
Rare 3 unit in Dunellen, completely rebuilt and expanded in 2018. Every unit has hardwood floors, an updated kitchen and bath, Andersen windows, its own laundry, and separate utilities. Unit 1 offers 2 bedrooms, 1 bath, and a sunny breakfast nook, all on one level. Unit 2 offers 3 bedrooms and 2 baths, plus finished third-floor space. Unit 3 is the standout: three levels with a 23' primary suite, 3+ bedrooms, 4 full baths, a fireplace, an enclosed porch, finished attic space, and an attached garage with a loft above. It lives like its own house. Live in one unit and let the other two help pay the mortgage, or hold all three as a turnkey investment. Current gross rents are $112,800 a year, approx. 7% cap rate, and tenants pay all of their own utilities. Outside you'll find paver patios, a covered pergola, a deck, parking for 6, and a huge barn/garage with loft storage and workshop space. Natural gas, central air, public water and sewer. The back of the property is in a flood zone.
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FeaturesGeneralLiving Area 5571
Sewer Public Sewer
Heating Zoned Forced Air Separate Control Separate Furnaces
Cooling A/C Central - All A/C Multi-Zone Attic Fan Separate Control Unit 1(A/C Central) Unit 2(A/C Central) Unit 3(A/C Central)
Utilities Electricity Connected Natural Gas Connected
Roof Asphalt
Zoning RA
Year Built 1935
Stories Count 3
Property Subtype 3 Family
Tax Year 2025
County Middlesex
Property Type Residential Income
Full Baths 0
Close Price 0
Status Active
City Dunellen
Lot Size Square Feet 16200
Tax Annual Amount 16891
Living Area Units Square Feet
Standard Status Active
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)
Garage Spaces 2
Ownership Fee Simple
Attached Garage true
Garage Y/N true
Total Rooms 17
Carport Spaces 0
Carport Y/N false
Other Structures Outbuilding
Patio/Porch Features Patio Enclosed Porch(es) - Open Deck
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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(3 Bedrooms Kitchen Living Room 2+ Baths)
Total Stories 3
Heating Y/N true
Half Baths 0
Total Baths 7
Basement Partial Storage Space Interior Entry
Total Bedrooms 0
Window Features Insulated Windows
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ExteriorParking Features Garage Attached Detached Garage Door Opener 4(+)Car Parking
Lot Features Level
Water Source Public
Lot Size Area 0.3719
Building Area Total 5571
Lot Dimensions 200.00 x 81.00
Lot Size Acres 0.3719
Covered Spaces 2
Exterior Amenities Patio Porch(es) - Enclosed Porch(es) - Open Deck Windows - Insulated Pane Yard Outbuilding(s) Private Entrance
Number of Separate Water Meters 3
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $8,281
- Monthly Property Taxes
- $1,408
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% 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 $1,199,000
Percent of Sale Price 0%
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 |
|---|
| 10/15/2026 | $1,199,000 | | Listed Price |