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8 Beds
7 Baths
5,450 sqft

$1,199,000

262 Prospect Ave, Dunellen Boro NJ, 08812

Price per sqft$220.00
Built in1935
Property size5,450 sqft
Property typeMulti-family

Overview

Active

Listed Oct 11, 2026

Updated 4h ago

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.

$7,977/mo

Est. mortgage payment based on a $1,199,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
4058241

Interior Features

Bedrooms
8
Bathrooms
7
Cooling
Yes
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$16,891
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No

Courtesy of EXP REALTY, LLC with GISEL LAINEZ-JIMENEZ,
Listing Contact: 8662016210 

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