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262 Prospect Ave

Dunellen Boro, NJ 08812
  • $1,199,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 4038049
UPDATED: 30 min ago
$1,199,000
  • 8
    BEDS
  • N/A
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 5,571
    SQFT
  • $215
    $/SQFT
Type:
Multi-Family
Built:
1935
County:

School Information

Elementary School:
Middle School:
High School:

Description

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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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-07-12T13:48:43.477.
www.pickpina.com/homes/178358187
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262 Prospect Ave Dunellen Boro, NJ 08812

  • Price: $1,199,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 30 min ago
  • MLS #: 4038049
8
Beds
7
Baths
0
½ Baths
N/A
Acres
5,571
SQFT
$215
$/SQFT
1935
Built
County:
Middlesex
Area:
Dunellen Boro
Elementary School:
J.P.Faber
Middle School:
Lincoln Ms
High School:
Dunellen
Property Description
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!
Exterior Features

Approximate Lot Size 6X200 75X200 Exterior Description Vinyl Siding Exterior Features Barn/StableDeckOpen Porch(es)PatioThermal Windows/DoorsWood FenceWorkshop Garage Description Attached GarageDetached GarageGarage ParkingLoft StorageOversize GarageSee Remarks Lot Description Level Lot Number Of Parking Spaces 6 Parking Driveway Description BlacktopDriveway-ExclusiveOn-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Unfinished Cooling Attic FanCentral AirMulti-Zone Cooling Heating Forced Hot AirMulti-Zone Interior Features BlindsCarbon Monoxide DetectorHigh CeilingsSmoke DetectorWalk-In ClosetWood Floors Total Number Of Rooms 17 Unit1 Appliances Equipment Carbon Monoxide DetectorDishwasherDryerRange/Oven - GasRefrigeratorSmoke DetectorWasher Unit1 Baths 1.0 Unit1 Bedrooms 2 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLaundry RoomLiving RoomMaster Bedroom Unit1 Rooms 5 Unit1 Security Deposit 3750 Unit1 Sq Ft 1100 Unit2 Appliances Equipment Carbon Monoxide DetectorDishwasherDryerMicrowave OvenRange/Oven - GasRefrigeratorSmoke DetectorWasher Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsEat-In KitchenFamily RoomLaundry RoomLiving RoomMaster Bedroom Unit2 Rooms 6 Unit2 Sq Ft 2100 Unit3 Baths 4.0 Unit3 Bedrooms 3 Unit3 Fireplaces 1 Unit3 Levels 3 Unit3 Room Description BedroomsDining RoomKitchenLiving RoomPorchMaster Bedroom Unit3 Rooms 6 Unit3 Sq Ft 2600

Property Features

Assessment Total 793500 Building Assessment 674700 Easement Unknown Expenses Include InsuranceMaintenanceSee RemarksTaxes Farm Assessment No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 112800 Home Warranty No Land Assessment 118800 Net Operating Income 83100 Renovated Year 2018 Services Cable TV Available Sewer Public Sewer Tax Amount 16891 Tax Rate Amount 2.448 Tax Rate Year 2025 Tax Year 2025 Total Operating Expense 30000 Unit Style 3-Three StorySee Remarks Unit1 Lease Expiration 2027-06-15 Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit1 Rent 2500 Unit2 Handicap Modified No Unit2 Lease Expiration 2027-04-30 Unit2 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit2 Rent 3200 Unit2 Security Deposit 4800 Unit3 Handicap Modified No Unit3 Lease Expiration 2026-07-15 Unit3 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays HeatTenant Pays Water Unit3 Rent 3700 Unit3 Security Deposit 5550 Utilities ElectricGas-Natural Water Public Water Water Heater Gas Year Built Description Renovated

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of ERA BONIAKOWSKI REAL ESTATE: 732-968-0700.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Pina Nazario, Coldwell Banker Residential Brokerage. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Pina Nazario, Coldwell Banker Residential Brokerage are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-07-12T13:48:43.477.
 
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789 Clifton Avenue
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