271 Central Avenue
Edison, NJ, 08817 $ 1,199,000
Baths4.0 Sq 3,372 Monthly Estimate*
$ 7,382
Studio for $1,199,000 with 4 full baths. This 3,372 square foot home was built in 1922 on a lot size of 0.1507.
Prime Edison Property - Approved for Two Luxury Single-Family Homes or Live & Rent Opportunity Exceptional opportunity to own a board and zoning - approved minor subdivision in Edison's sought after neighborhood - offering flexibility, income, and future profit. This property includes an existing multi-family home plus approval to build two new luxury single-family homes, making it ideal for builders, investors, owner-occupants, or multi-generational buyers. Property Highlights Approved to build two new luxury single-family homes, see below for details Existing multi-family includes: o Unit 1: 5 BR/3 BA, half basement, & driveway, rented at $3,200/month (lease through 3/31/26, option for extension as needed) o Unit 2: 2 BR/1 BA, full basement, & 2-car garage, currently owner-occupied or rentable at $2,200/month Live in one unit and collect rent from the other, or start immediate construction on two new homes New Construction Vision & Approved Blueprints Each approved single-family home is designed for modern luxury living (~2,800-2,900 sq ft) and projected to sell for $1.0M - $1.2M. Key design highlights include: 1. 5 BR / 3 BA plus dual family rooms, including coffered design, for large family gathering or entertainment 2. Soaring 9' ceiling on 1st floor, 8' ceiling on 2nd floor with 10' tray ceiling for master coupled with a walk-out balcony 3. Spa-inspired master suite with freestanding tub and his & her WIC 4. Gourmet quartz kitchen with walk-in pantry and stainless-steel appliances 5. Hardwood or porcelain floors with Andersen / Pella windows 6. Energy-efficient two-zone HVAC, high R-value insulation, and smart layout 7. Superior exterior structure using 2x6 framing Together, both homes could yield $2M+ in finished value, instantly positioning this property as a high-upside investment. Prime Edison Location Minutes to Edison train station (direct to NYC), top-rated schools, major shopping, and quick access to Route 1, Parkway, Rt 287, and NJ Turnpike. High-demand neighborhood with strong resale and rental markets. This turnkey development offers a fully approved minor subdivision for two new luxury single-family homes, along with an existing income-producing multi-family residence. The value reflects over a year of professional work and approval completed - including planning board fees, legal and engineering costs, environmental testing, zoning compliance, architected blueprints, and finalized deeds. All information deemed reliable but not guaranteed. Buyer to perform their own due diligence regarding minor subdivision details, construction, potential resale values, etc. Any price estimates for future construction are illustrative only and not a guarantee of market value or profit. Property sold as-is with no representation or warranty of future performance, subject to local zoning, building, and planning regulations.
See more
FeaturesGeneralLiving Area 3372
Sewer Public Sewer
Heating Baseboard Electric
Cooling None
Utilities Electricity Connected Natural Gas Connected
Zoning RB
Year Built 1922
Stories Count 2
Property Subtype 2 Family
Tax Year 2024
County Middlesex
Property Type Residential Income
Full Baths 0
Close Price 0
Status Active
City Edison
Lot Size Square Feet 6564
Tax Annual Amount 11876
Living Area Units Square Feet
Standard Status Active
Appliances Water Heater(Electric) Water Heater Unit 1(Dryer Refrigerator) Unit 2(Refrigerator)
Virtual Tour https://www.propertypanorama.com/instaview/msx/2607177R
Garage Spaces 2
Ownership Fee Simple
Attached Garage true
Subdivision Name Shelton
Garage Y/N true
Total Rooms 7
Carport Spaces 0
Carport Y/N false
See more
InteriorInterior Amenities Unit 1(Dining Room Kitchen 5+ Bedrooms 2+ Baths) Unit 2(Dining Room 2 Bedrooms Kitchen 1 Bath Den/Family Room)
Flooring Unit 1 Carpet
Total Stories 2
Heating Y/N true
Half Baths 0
Total Baths 4
Basement Crawl Space Full None
Total Bedrooms 0
See more
ExteriorParking Features Garage Attached
Lot Features See Remarks
Water Source Public
Lot Size Area 0.1507
Building Area Total 3372
Lot Dimensions 125.00 x 0.00
Lot Size Acres 0.1507
Covered Spaces 2
Number of Separate Water Meters 2
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
See more
* Excluded FeaturesList ByRONNIE GLOMBListing Agent
Your Town Realty, LlcBroker
ronnie@yourtownbroker.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,382
- Monthly Property Taxes
- $990
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 Edison, NJ
Average List Price $789,088
Percent of Sale Price 34%
About Edison, NJ 101,615 Population
4% Since 2002
$ 91,445 Median Income
40.83 Median Age
36% Households with Children
Trends Information provided by ATTOM Data Solutions.
0 Elementary School
0 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 1/9/2026 | $1,199,000 | | Listed Price |