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Residential Income For Sale

262 Prospect Ave, Dunellen Boro, NJ 08812-1446

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Property Description
Rare 3-family 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 a single-family home. 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.
Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
4058241
Price:
$1,199,000
Year Built:
1935
Status:
Active
Office Name:
EXP REALTY, LLC
Agent Name:
GISEL LAINEZ-JIMENEZ
Full Bathrooms:
7
Roof:
Asphalt Shingle
Features
Heating System:
Multi-Zone, Forced Hot Air
Cooling System:
Central Air, Attic Fan, Multi-Zone Cooling
Basement:
Unfinished
Architectural Style:
3-Three Story
Exterior Features:
Patio, Deck, Workshop, Pergola, ThrmlW&D, OpenPrch, FencWood, BarnStbl
Interior Features:
High Ceilings, Carbon Monoxide Detector, Smoke Detector, Blinds, Walk-In Closet, Wood Floors
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Address Map
Country:
US
State:
NJ
County:
Middlesex
City:
Dunellen Boro
Zipcode:
08812-1446
Street:
Prospect Ave
Street Number:
262
Longitude:
W75° 32' 11.7''
Latitude:
N40° 35' 10.3''
Directions:
North Avenue (Route 28), then right on Prospect Avenue.
Zoning:
Residential
Neighborhood
Elementary School:
J.P.FABER
High School:
DUNELLEN
Middle School:
LINCOLN MS
Additional Information
Lot Size Dimensions:
6X200 75X200
Water Source:
Public Water
Number Of Units Total:
3
Lot Features:
Level Lot
Garage:
2
Building Size:
5571
Financial
Tax Annual Amount:
16891
Listing Information
List Agent Mls Id:
270685
List Office Mls Id:
5028
Mls Status:
Active
Modification Timestamp:
2026-10-12T11:49:25Z
Originating System Name:
gsmls
Residential Income For Sale
Listing ID:
4058241
$1,199,000
Agent info
Contact Agent

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