262 Prospect AVE, Dunellen, NJ 08812
262 Prospect AVE, Dunellen, NJ 08812
262 Prospect AVE, Dunellen, NJ 08812
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$1,199,000
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5,571 SqFt
Active

262 Prospect AVE Dunellen, NJ 08812

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Rich Kim

Rich Kim

+1(551) 218-1800

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 3 Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,571 sqft

Price per Sqft $215

MLS Listing ID 2706321R

Year Built 1935

Annual Tax Amount $16,891

Tax Year 2025

Lot Size 0.372 Acres

Acres 0.3719

Lot Dimensions 200.00 x 81.00

Property Sub-Type 3 Family

Source CJMLS API

Property Description

Rare 3 unit 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 its own house. 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. The back of the property is in a flood zone.

Location

State NJ

County Middlesex

Zoning RA

Rooms

Other Rooms Outbuilding

Basement Partial, Storage Space, Interior Entry

Interior

Interior Features Unit 1(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 2(3 Bedrooms, Kitchen, Living Room, 2+ Baths, Den/Family Room), Unit 3(3 Bedrooms, Kitchen, Living Room, 2+ Baths)

Heating Zoned, Forced Air, Separate Control, Separate Furnaces

Cooling A/C Central - All, A/C Multi-Zone, Attic Fan, Separate Control, Unit 1(A/C Central), Unit 2(A/C Central), Unit 3(A/C Central)

Window Features Insulated Windows

Appliance Water Heater(Gas), Water Heater, Unit 1(Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Dryer, Range/Oven, Refrigerator, Washer), Unit 3(Dryer, Range/Oven, Refrigerator, Washer)

Heat Source Natural Gas

Exterior

Exterior Feature Patio, Porch(es) - Enclosed, Porch(es) - Open, Deck, Windows - Insulated Pane, Yard, Outbuilding(s), Private Entrance

Garage Spaces 2.0

Utilities Available Electricity Connected, Natural Gas Connected

Roof Type Asphalt

Porch Patio, Enclosed, Porch(es) - Open, Deck

Building

Lot Description Level

Story 3

Sewer Public Sewer

Water Public

Others

Senior Community no

Tax ID 0300064000000001

Ownership Fee Simple

Energy Description Natural Gas

Virtual Tour https://www.propertypanorama.com/instaview/msx/2706321R

Central Jersey MLS (CJMLS)
Listed by EXP REALTY, LLC
Nearby Locations

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Rich Kim

Rich Kim

Agent License ID: 1649516

+1(551) 218-1800

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262 Prospect AVE