Properties

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.

Features

  • Heating System : Forced Hot Air, Multi-zone
  • Cooling System : Central Air, Multi-zone Cooling, Attic Fan
  • Basement : Unfinished
  • Roof Deck : Asphalt Shingle
  • Parking : 6
  • Parking Description: Blacktop, Driveway-Exclusive, On-Street Parking
  • Interior Features: Blinds, Carbon Monoxide Detector, High Ceilings, S
  • Exterior Features: BarnStbl,Deck,OpenPrch,Patio,Pergola,ThrmlW&D,
  • Lot Description: Level Lot
  • Tax Assessed Valuation: 793500
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: EXP REALTY, LLC
  • Office MLS ID: 5028
  • Agent ID: 270685
  • Tax: 16891
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Residential

Multi-Family For Sale

For Sale
$1,199,000

262 Prospect Ave, Dunellen Boro, *

  • SQFT 6 Acre
  • Bedroom 8
  • Built Year 1935

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5466879
  • Price: $1,199,000
  • Bedrooms: 8
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1935
  • Year Built Description: Renovated
  • Lot Area: 6 Acre
  • Status: Active
  • Days On Market: 1

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Middlesex
  • City Dunellen Boro
  • Zipcode *
  • Street: Prospect Ave
  • Street Number: 262
  • Street Direction: North Avenue (Route 28), then right on Prospect Av
  • Floor Number: 0
  • Longitude: W75° 32' 11.7''
  • Latitude: N40° 35' 10.3''
  • Internet Display Address: No
Property