$1,199,000

262 Prospect Ave Dunellen, NJ 08812

Dunellen Area

Estimated payment $7,854/month

Total Views 3,253
-- Bed
7 Baths
5,571 Sq Ft
$215 Price per Sq Ft

Highlights

  • Barn or Stable
  • Property is near public transit and shops
  • 2 Car Garage
  • Deck
  • Private Yard
  • Porch

About This Home

A Truly One-of-a-Kind Custom 3-Family That Sets a New Standard! Rarely does a property combine the craftsmanship of a custom home with the income potential of a multi-family investment. Completely rebuilt and thoughtfully expanded in 2018, this exceptional 3-family residence offers the perfect blend of luxury, functionality, and long-term value. Each of the 3 apartments has been beautifully renovated with quality finishes, including hardwood flooring, modern kitchens, updated baths, new Andersen windows, private laundry, and separate utilities making ownership simple and efficient.The showpiece of the property is unit #3, offering more than 2,500 square feet of beautifully designed living space across 3 levels. Featuring 3+ bedrooms, 4 full bathrooms, and an attached garage. It lives more like a custom single-family home than an apartment, making it ideal for an owner-occupant seeking luxury while generating substantial rental income. Outside, the property continues to impress with professionally designed paver patios, a covered pergola, abundant off-street parking, and a spectacular newly rebuilt barn/garage complete with extensive storage space for tenants, hobbies, or future possibilities. Whether you're looking for an owner-occupied residence or a premier investment property, this exceptional home delivers. With current annual rental income exceeding $112,000, outstanding condition, and truly unique amenities, this 3-family home is unlike anything else on the market!

Listing Agent

Thomas Boniakowski

ERA BONIAKOWSKI REAL ESTATE Listed on: 07/08/2026

Co-Listing Agent

Brooke Boniakowski

ERA BONIAKOWSKI REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,081

Year Built

  • Built in 1935

Lot Details

  • 8,102 Sq Ft Lot
  • Lot Dimensions are 200.00 x 81.00
  • Private Entrance
  • Fenced
  • Level Lot
  • Private Yard

Parking

  • 2 Car Garage
  • Oversized Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 7 Bathrooms
  • 5,571 Sq Ft Home
  • 3-Story Property
  • Insulated Windows
  • Blinds
  • Utility Room
  • Storm Doors

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Outdoor Features

  • Deck
  • Patio
  • Outdoor Storage
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Gas Water Heater

Additional Features

  • Property is near public transit and shops
  • Barn or Stable

Community Details

Amenities

  • Community Storage Space

Building Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,081

Year Built

Built in 1935

Lot Details

8,102 Sq Ft Lot

Parking

2

Listing Details

  • Property Sub Type: 3 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.186
  • Lot Size: 200.00 x 81.00
  • Co List Office Mls Id: BNAK01
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: Yes
  • Building Stories: 3
  • Year Built: 1935
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: 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)
  • Owner Pays: Unit 1 Owner Pays(See Remarks), Unit 2 Owner Pays(See Remarks), Unit 3 Owner Pays(See Remarks)
  • Has Basement: Full, Storage Space, Utility Room
  • Basement YN: No
  • Interior Amenities: Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(3 Bedrooms,Kitchen,Living Room,2+ Baths,Den/Family Room), Unit 3(Dining Room,3 Bedrooms,Kitchen,Living Room,2+ Baths,Den/Family Room)
  • Living Area: 5571
  • Stories: 3
  • Window Features: Insulated Windows, Blinds

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Near Shopping, Near Train, Level
  • Exterior Features: Patio, Barn/Stable, Curbs, Porch(es) - Open, Deck, Door(s)-Storm/Screen, Sidewalk, Fencing/Wall, Windows - Insulated Pane, Yard, Blinds, Porch, Private Entrance, Storage Area-Common, Storage Area-Private
  • Other Structures: Barn/Stable
  • Patio And Porch Features: Patio, Porch(es) - Open, Deck, Porch
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage, Attached, Oversized, Detached, See Remarks, 4(+)Car Parking, Paved

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Central - All,A/C Multi-Zone,Attic Fan, Unit 1(A/C Central), Unit 2(A/C Central), Unit 3(A/C Central)
  • Heating: Zoned, Forced Air
  • Heating Yn: Yes
  • Electric: 240 Volt(s), 200 Amp(s)
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 8102

Tax Info

  • Tax Annual Amount: 16081
  • Tax Year: 2024

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $16,891 $793,500 $118,800 $674,700
2025 $16,081 $690,000 $118,800 $571,200
2024 $14,742 $641,200 $118,800 $522,400
2023 $14,742 $544,400 $118,800 $425,600
2022 $15,031 $544,400 $118,800 $425,600
2021 $17,197 $467,000 $118,800 $348,200
2020 $18,000 $554,200 $120,000 $434,200
2019 $17,197 $554,200 $120,000 $434,200
2018 $9,900 $73,300 $25,900 $47,400
2017 $9,500 $73,300 $25,900 $47,400
2016 $9,153 $73,300 $25,900 $47,400
2015 $8,925 $73,300 $25,900 $47,400
2014 $8,736 $73,300 $25,900 $47,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2026 07/08/26 For Sale $1,199,000 0.0% $215 / Sq Ft
03/01/2024 03/01/24 Rented $2,900 0.0% --
01/03/2024 01/03/24 For Rent $2,900 0.0% --
03/29/2017 03/29/17 Sold $285,000 +7.6% -- View Prior Sale
12/29/2016 12/29/16 Pending -- -- --
11/22/2016 11/22/16 For Sale $264,900 -- --
Source: All Jersey MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed -- --
Source: Public Records

About the Listing Agent

Thomas Boniakowski

ERA BONIAKOWSKI REAL ESTATE

(848) 321-5739

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Source: All Jersey MLS

MLS Number: 2618006R

All Jersey MLS

APN: 03-00064-0000-00001

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