262 Prospect Avenue

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Address: 262 Prospect Ave, Dunellen, NJ 08812, USA
New York & Tri-State + Apartment Buildings
Created date: October 15, 2026
Date last updated: October 15, 2026
Price: $1,199,000Investment Analyzer NEW!

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.
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Broker Details

Gisel Lainez Jimenez
Gisel Lainez Jimenez

eXp Realty, LLC (866) 201-6210 MLS ID: GISELAIN

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,199,000
Year Built: 1935
Lot Size: 5,571.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 0
Number of Bathrooms: 7
Address: 262 Prospect Avenue, Dunellen, NJ 08812, USA
Provided by:
Standard Status: Active
MLS Listing Number: 2706321R
ID: 3yd-MCMLSNJ-2706321R
Copyright Disclaimer: Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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