262 Prospect Ave

Dunellen Boro, NJ 08812


 

Price: $1,199,000

GSMLS:  4058241
Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 8
Baths: 7 Full
Garage: 2-Car
Year Built: 1935
Acres: 0.00
Property Tax: $16,891
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.
General Info
Style:
3-Three Story
SqFt Building:
5,571
Total Rooms:
17
Basement:
Yes - Unfinished
Interior:
Blinds, Carbon Monoxide Detector, High Ceilings, Smoke Detector, Walk-In Closet, Wood Floors
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
6X200 75X200
Lot Desc:
Level Lot
Parking
Garage Capacity:
2-Car
Description:
Attached Garage, Detached Garage, Garage Parking, Loft Storage, Oversize Garage, See Remarks
Parking:
Blacktop, Driveway-Exclusive, On-Street Parking
Spaces Available:
6
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Master Bedroom
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
2
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Family Room, Laundry Room, Living Room, Master Bedroom
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
4
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Laundry Room, Living Room, Porch, Master Bedroom
Levels:
3
Square Foot:
n/a
Fireplaces:
1
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Forced Hot Air, Multi-Zone
Heating Fuel:
Gas-Natural
Cooling:
Attic Fan, Central Air, Multi-Zone Cooling
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Cable TV Available
School Information
Elementary:
J.P.FABER
Middle:
LINCOLN MS
High School:
DUNELLEN
Community Information
County:
Middlesex
Town:
Dunellen Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$1,199,000
Tax Amount:
$16,891
Land Assessment:
$118,800
Build. Assessment:
$674,700
Total Assessment:
$793,500
Tax Rate:
2.45
Tax Year:
2025
Listing Information
MLS ID:
4058241
List Date:
10-11-2026
Days On Market:
0
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Gisel Lainez-jimenez
 

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