About This Home

This 8-bedroom, 7-bathroom residential multi family at 262 Prospect Ave in Dunellen Boro, NJ is listed for $1,199,000 ($215 per sqft). Built in 1935, the home offers 5,571 sqft of living space on a N/A lot.

Key Features

  • Built in 1935
  • 3 stories
  • 6 parking spaces

Property Details

3 stories
7 full
2-car garage
1935

Amenities

A/C
Listing 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.

Monthly Cost Estimate

$6,413/mo

20% down · 6.5% · 30 years

Principal$867
Interest$5,196
Insurance$350

Estimates only. Actual payments may vary.

Location

262 Prospect Ave

Dunellen Boro, NJ 08812-1446

Features & Amenities

Interior Features

BlindsCarbon Monoxide DetectorHigh CeilingsSmoke DetectorWalk-In ClosetWood Floors

Exterior Features

BarnStblDeckOpenPrchPatioPergolaThrmlW&DFencWoodWorkshop

Property Details

Outdoor Features

DeckPatio

Heating

Forced Air

Cooling

Attic FanCentral Air

Questions & Answers

This 8-bedroom, 7-bathroom residential multi family at 262 Prospect Ave is listed at $1,199,000 ($215/sqft). The estimated monthly payment is $6,413 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1935, 3 stories, 6 parking spaces. Interior Features: Blinds, Carbon Monoxide Detector, High Ceilings. Exterior Features: BarnStbl, Deck, OpenPrch.

This property is listed by GISEL LAINEZ-JIMENEZ.

GL

GISEL LAINEZ-JIMENEZ

Agent at eXp Realty, LLC

Listed by eXp Realty, LLC · Broker phone: (866) 201-6210 · View on Broker Site · Broker website

MLS# 4058241· Source: Garden State MLS, LLC· 20 days on PropertySimple

Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

262 Prospect Ave, Dunellen Boro, NJ 08812-1446

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