262 Prospect Avenue Dunellen, NJ 08812
MULTI_FAMILY - Dunellen, NJ
- Added:
- Jul 1, 2026
- Days on Market:
- 14
- Last Refresh:
- Jul 14 at 3:06 am
Property Features for 262 Prospect Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 7
- Rooms
- Bathroom 1, Bathroom 4, Bathroom 2, Dining Room, Bathroom 7, Bathroom 3, Bathroom 6, Family Room, Bathroom 5, Den, Basement
- Parking features
- Garage, Oversize
- Window features
- Insulated Windows, Blinds
- Patio and Porch features
- Deck, Patio, Porch
- Interior features
- 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)
- 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
- Fencing
- Fenced
- 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)
- Standard status
- Active
- APN
- 0300064000000001
- Size
- 5,571 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 16081
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned, Forced Air
- Cooling system
- Attic Fan, Central Air
- Water source
- Public
Building Details
- Year built
- 1935
- Floors in Building
- 3
- Building materials
- Stone, Vinyl Siding
- Roof type
- Asphalt
- Additional Structures
- Storage
Listing agent Thomas Boniakowski License #8331807 (732) 968-0700
Listing office ERA BONIAKOWSKI REAL ESTATE 929 WASHINGTON AVE, Green Brook, NJ (732) 968-0700
Listing date Jul 1, 2026
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.
Investment Insights
Based on property information with market context.
Located at 262 Prospect Avenue in Dunellen, New Jersey (Middlesex County), the property sits on a 0.186-acre lot and is configured for straightforward day-to-day access with plentiful off-street parking. The detached/barn structure adds practical on-site storage for tenants or personal use.
For owner-occupants or investors, the combination of three renovated units with private laundry and separate utilities supports flexible use and day-to-day management. The current annual rental income exceeds $112,000, and the property’s extensive rebuild and thoughtful upgrades help position it for long-term reliability in a turnkey condition.
Key Highlights
- 3‑family property rebuilt and expanded in 2018, with Year Built listed as 1935
- Unit 1: 2 bedrooms, 1 bath; each unit includes kitchen, living room, and private laundry
- Unit 2: 3 bedrooms with kitchen and living room, plus 2+ baths and den/family room
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.4k | $25.56 |
| − Vacancy | −$9.2k | −$1.65 |
| EGI | $133.2k | $23.91 |
| − OpEx | −$40.0k | −$7.17 |
| NOI | $93.2k | $16.74 |
