Date
Details
Price
Change
Source
7/01/2026
Listed
$1,199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/50
$1,199,000 Coming Soon
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1/50
Property Description
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!
Full Property Details
Full Property Details for 262 Prospect Ave
General
- Price: $1,199,000
- Taxes: $16,891 (2025)
- Status: Coming Soon
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4038049
- Updated: 7/1/2026
- Added to Site: 6 day(s) ago
Interior
- Number of Rooms: 17
- Interior Features: Blinds, Carbon Monoxide Detector, High Ceilings, Smoke Detector, Walk-In Closet, Wood Floors
Rooms
Bathrooms
- Total Bathrooms: 7
- Full Bathrooms: 7
Bedrooms
- Total Bedrooms: 8
Exterior
- Exterior Features: Barn/Stable, Deck, Open Porch(es), Patio, Thermal Windows/Doors, Wood Fence, Workshop
Parking
- Garage: Yes
- Garage Spaces: 2
- Garage Description: Attached Garage, Detached Garage, Garage Parking, Loft Storage, Oversize Garage, See Remarks
Location
- County: Middlesex
- Driving Directions: North Avenue (Route 28) Then Right on Prospect Avenue.
School Information
- Elementary School: J.P.FABER
- Middle School: LINCOLN MS
- High School: DUNELLEN
Heating & Cooling
- Cooling Type: Attic Fan, Central Air Conditioning, Multi-Zone Cooling
- Heating Type: Forced Hot Air, Multi-Zone
- Heating Fuel: Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas, Cable TV Available
Structural Information
- Architectural Style: 3-Three Story, See Remarks
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt Shingles
- Square Feet: 5,571
- Year Built: 1935
- Remodeled/Updated: 2018
Unit Information
Unit 1
- Unit Description: Bedrooms, Eat-In Kitchen, Laundry Room, Living Room, Master Bedroom
- Square Feet: 1100
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Unit Description: Bedrooms, Eat-In Kitchen, Family Room, Laundry Room, Living Room, Master Bedroom
- Square Feet: 2100
- Levels/Stories: 2
- Total Bathrooms: 2
- Bedrooms: 3
Unit 3
- Unit Description: Bedrooms, Dining Room, Kitchen, Living Room, Porch, Master Bedroom
- Square Feet: 2600
- Levels/Stories: 3
- Fireplaces: 1
- Total Bathrooms: 4
- Bedrooms: 3
Lot Features
- Lot Dimensions: 6 x 200 75 x 200
- Driveway/Sidewalk: Blacktop, Driveway-Exclusive, On-Street Parking
- Lot Description: Level Lot
Financial Considerations
- Expenses: Insurance, Maintenance, See Remarks, Taxes
- Operating Expenses: $30,000
- Assessment Amount: $674,700
- Land Assmt: $118,800
- Tax Amount: $16,891
- Tax Year: 2025
Disclosures and Reports
- Disclosures: Yes
- Block: 64
- Lot Number: 1
Listed by Era Boniakowski Real Estate
We Value Your Privacy
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We Value Your Privacy
Listing agent
— 262 Prospect Ave —
Era Boniakowski Real Estate
732-968-0700
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 262 Prospect Ave
School District:Dunellen Borough School District
| Name | Grades | Distance |
|---|---|---|
John P. Faber Elementary School 400 High Street, Dunellen, NJ 08812 | PK-5 | 0.3 mi |
Lincoln Middle School, Dunellen, NJ 400 Dunellen Avenue, Dunellen, NJ 08812 | 6-8 | 0.4 mi |
Dunellen High School 411 1st Street, Dunellen, NJ 08812 | 9-12 | 0.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 262 Prospect Ave
Tax History
Tax History for 262 Prospect Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,891
5%
$793,500
15%
2024
$16,081
9%
$690,000
8%
2023
$14,742
-2%
$641,200
18%
2022
$15,031
4%
$544,400
—
2021
$14,514
-19%
$544,400
17%
2020
$18,000
5%
$467,000
-16%
2019
$17,197
74%
$554,200
656%
2018
$9,900
4%
$73,300
—
2017
$9,500
4%
$73,300
—
2016
$9,153
3%
$73,300
—
2015
$8,925
3%
$73,300
—
2013
$8,628
—
$73,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 262 Prospect Ave
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262 Prospect Ave, Dunellen, NJ 08812 (MLS# 4038049) is a Multi-Family property with 3 units containing 8 bedrooms and 7 full bathrooms. 262 Prospect Ave is currently listed for $1,199,000 and was received on July 01, 2026. Want to learn more about 262 Prospect Ave? Do you have questions about finding other Multi-Family real estate for sale in Dunellen? You can browse all Dunellen real estate or contact a Coldwell Banker agent to request more information.