Closed$3,100
TLC ≈ $274/mo
2 3 1,557 sqft
723 Lorhan Drive, Piscataway, NJ 08854
262 Prospect Avenue, Dunellen, NJ 08812
$1,199,000
0 beds 7 baths 5,571 sqft Built 193510 days on marketActive
About this home
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.
Affordability — calculate your monthly payment
Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.
Your estimated payment
$8,700/mo
- Real estate (PITI + HOA + PMI)
- $8,599
- Utilities
- $667
- Transportation
- $121
- Other (entertainment)
- $143
Principal + interest$5,438
Property tax + insurance$2,711
PMI / 2nd mortgage$450
Heating + cooling$179
Internet + TV + phone$143
Water + sewer + garbage$58
Car insurance + maintenance$121
Budget$9,200/mo
Remaining after TLC$500/mo
Purchase price
$1,199,000
Down payment
$59,950 (5%)
Loan amount
$1,139,050
APR
4%
Quick facts
Type
3 Family
Style
—
Year built
1935
Lot size
0.3719 ac
Stories
3
Heating
Zoned, Forced Air, Separate Control, Separate Furnaces
Cooling
A/C Central - All,A/C Multi-Zone,Attic Fan,Separate Control, Unit 1(A/C Central), Unit 2(A/C Central), Unit 3(A/C Central)
Water
Public
HOA
—
Annual tax
$16,891
MLS #
2706321R
County
Middlesex
At a glance
Basement
Garage (2)
Home features
Appliances
Water Heater(Gas)Water HeaterUnit 1(DryerRange/OvenRefrigeratorWasher)Unit 2(DryerRange/OvenRefrigeratorWasher)Unit 3(DryerRange/OvenRefrigeratorWasher)
Interior
Unit 1(2 BedroomsKitchen1 BathLiving Room)Unit 2(3 BedroomsKitchenLiving Room2+ BathsDen/Family Room)Unit 3(3 BedroomsKitchenLiving Room2+ Baths)
Exterior
PatioPorch(es) - EnclosedPorch(es) - OpenDeckWindows - Insulated PaneYardOutbuilding(s)Private Entrance
Parking
GarageAttachedDetachedGarage Door Opener4(+)Car Parking
Patio & porch
PatioEnclosedPorch(es) - OpenDeck
Roof
Asphalt
Sewer
Public Sewer
Ownership
Fee Simple
Lot features
Level
Neighborhood — 08812
| Metric | This ZIP | County | USA |
|---|---|---|---|
| Population | 17,308 | 8,832,837 | 299,088,112 |
| Population Change Since1990 | 14.00% | 14.00% | 20.00% |
| Population Density | 3,367 | 1,137 | — |
| Male | 8,550 | 4,307,827 | 147,432,321 |
| Female | 8,758 | 4,525,010 | 151,655,844 |
| Never Married | 3,551 | 1,965,811 | 63,775,926 |
| Married | 7,402 | 3,647,435 | 123,120,365 |
| Separated | 720 | 391,239 | 12,639,686 |
| Widowed | 877 | 515,172 | 15,467,586 |
| Divorced | 1,109 | 529,393 | 23,075,029 |
| Number Of House Hold | 5,926 | 3,167,345 | 111,826,380 |
| Average House Hold Size | 2.85 | 2.73 | 2.60 |
| Medial Age | 36.81 | 37.15 | 35.46 |
| Median House Hold Income | $70,788 | $63,392 | $48,276 |
| Average House Hold Income | $86,035 | $83,312 | $63,629 |
| P C I | $30,898 | $30,662 | $24,529 |
| M D I | $57,699 | $52,505 | $41,133 |
| A T H E | $63,030 | $61,369 | $50,898 |
| S T R | — | 7.00% | — |
| W C J | 79.67% | 81.02% | 77.74% |
(Zip) Code
8812
Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.
Map & walkability
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Listing information last refreshed 10/11/2026. Provided courtesy of EXP REALTY, LLC via Central Jersey Multiple Listing System, INC. Information deemed reliable but not guaranteed.