$575,000
UNDER CONTRACT

305 Penfield Place Dunellen, NJ 08812

Estimated payment $4,092/month

Total Views 3,950
-- Bed
-- Bath
1,761 Sq Ft
$327 Price per Sq Ft

Highlights

  • Deck
  • Forced Air Heating System
  • 1-Story Property
  • Patio

About This Home

Step into a smart investment opportunity in a highly sought-after Dunellen neighborhood! This charming multi-family home features 3 spacious bedrooms across 2 fully tenant-occupied units, generating steady rental income from day one. The property boasts a beautifully maintained lawn, private driveway, and a generous backyard with a deck perfect for outdoor entertaining or relaxing evenings. Located on a quiet residential street just minutes from NJ Transit, schools, parks, and shopsthis home offers both comfort and convenience. Whether you're looking to grow your portfolio or live in one unit while renting the other, this is a must-see opportunity!

Listing Agent

Peter Boutros

EXP REALTY, LLC Listed on: 07/08/2025

EXP REALTY, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,527

Year Built

  • Built in 1926

Lot Details

  • 7,501 Sq Ft Lot
  • Lot Dimensions are 150.00 x 0.00
  • Irregular Lot

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,761 Sq Ft Home
  • 1-Story Property

Finished Basement

  • Recreation or Family Area in Basement
  • Laundry in Basement

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Community Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,527

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Sub Type: 2 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1722
  • Lot Size: 150.00 x 0.00
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 1
  • Year Built: 1926
  • Special Features: 4224
  • Stories: 1

Interior Features

  • Appliances: Water Heater(Gas), Water Heater
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water)
  • Has Basement: Finished, Recreation Room, Laundry Facilities
  • Basement YN: No
  • Interior Amenities: Unit 1(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 2(1 Bedroom,Kitchen,1 Bath)
  • Living Area: 1761
  • Stories: 1

Exterior Features

  • Lot Features: Irregular Lot
  • Exterior Features: Patio, Deck
  • Patio And Porch Features: Patio, Deck
  • Roof: Asphalt

Garage/Parking

  • Parking Features: 1-2 Car Parking

Utilities

  • Gas Company: Natural Gas
  • Heating: Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected
  • Water Source: Public

Lot Info

  • Lot Size Sq Ft: 7501

Tax Info

  • Tax Annual Amount: 12527
  • Tax Year: 2024

Multi Family

  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

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
2025 $12,527 $510,800 $106,800 $404,000
2024 $12,535 $499,500 $106,800 $392,700
2023 $12,535 $462,900 $106,800 $356,100
2022 $12,781 $462,900 $106,800 $356,100
2021 $10,479 $361,100 $106,800 $254,300
2020 $10,969 $337,700 $103,500 $234,200
2019 $10,479 $337,700 $103,500 $234,200
2018 $9,724 $72,000 $22,500 $49,500
2017 $9,331 $72,000 $22,500 $49,500
2016 $8,991 $72,000 $22,500 $49,500
2015 $8,767 $72,000 $22,500 $49,500
2014 $8,581 $72,000 $22,500 $49,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2025 07/08/25 For Sale $575,000 -- $327 / Sq Ft
Source: All Jersey MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Triax Title Services
Deed $385,000 None Available
Deed $282,900 --
Deed $157,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $309,000 New Conventional
Closed $308,000 Purchase Money Mortgage
Previous Owner $182,900 No Value Available
Previous Owner $141,000 No Value Available
Source: Public Records

Source: All Jersey MLS

MLS Number: 2600290R

All Jersey MLS

APN: 03-00074-0000-00002

New Jersey Middlesex County Dunellen 08812

305 Penfield Place, Dunellen, NJ

This home is located at 305 Penfield Place, Dunellen, NJ 08812 and is currently priced at $575,000, approximately $326 per square foot. This property was built in 1926. 305 Penfield Place is a home located in Middlesex County with nearby schools including John P. Faber Elementary School, Lincoln Middle School, and Dunellen High School.

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Peter Boutros
Listing Agent
Peter Boutros
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EXP REALTY, LLC
(732) 627-4462