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Sold for $705,000
    • $705,000

    107 Madison Ave, Dunellen, NJ 08812

    4beds
    3baths
    1,936sqft
    Multi Family
    Built in 1950
    -- sqft lot
    $710,300 Zestimate®
    $364/sqft
    $2,612 Estimated rent

    Home value

    $710,300

    $653,000 - $774,000

    $2,612/mo

    Zestimate® history
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    What's special

    Double wide parkingThree private entrancesComfortable apartmentsSeparate utilities
    Rare 3 family investment opportunity in commuter friendly Dunellen. 107 Madison Ave offers separate utilities, three private entrances, comfortable apartments, double wide parking, and a detached 2 car garage. Each unit has its own washer and dryer in the common basement area. The property also includes a shared backyard space for outdoor use and entertaining.Located near the Dunellen Train Station on the NJ Transit Raritan Valley Line, with convenient access to Route 28/North Avenue, Route 22, I 287, Route 18, Route 1, and the Garden State Parkway. Close to downtown Dunellen shopping, restaurants, coffee shops, and everyday conveniences. Additional investment appeal includes the property's location within Dunellen's Redevelopment Area Remainder map area, with a likely underlying RB residential context. This adds long term value potential in a commuter friendly downtown corridor near transit, shopping, restaurants, and major highways. A strong **Value Add** opportunity for investors seeking a multi-unit property with parking, garage space, separate utilities, tenant convenience, and access to the Raritan Valley Corridor

    Zillow last checked:

    Listing updated:

    Listed by:

    STEWART DANIELS,

    RE/MAX PINNACLE

    Source: All Jersey MLS,MLS#: 2615184RMLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Heating
    • Baseboard, Radiant, Baseboard Hotwater, Central
    Cooling
    • Ceiling Fan(s), A/C Window Unit(s)
    Appliances
    • Included: Water Heater(See Remarks, Gas), Water Heater, Unit 1(Range/Oven, Refrigerator), Unit 2(Range/Oven, Refrigerator), Unit 3(Range/Oven, Refrigerator)
    Features
    • Unit 1(1 Bedroom, Kitchen, 1 Bath), Unit 2(2 Bedrooms, Kitchen, 1 Bath, Living Room), Unit 3(1 Bedroom, Kitchen, 1 Bath, Living Room)
    • Basement: Full, Storage Space, Laundry Facilities
    Interior area
    • Total structure area: 1,936
    • Total interior livable area: 1,936 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Attached Carport, Garage, Attached, Detached
    • Attached garage spaces: 2
    • Carport spaces: 4
    • Covered spaces: 6
    Accessibility
    • Accessibility features: Unit 1 Accessibility Features, Unit 2 Accessibility Features, Unit 3 Accessibility Features
    Features
    • Stories: 3
    • Patio & porch: Patio, Deck, Porch
    • Exterior features: Patio, Deck, Yard, Porch
    Lot
    • Size: 5,000 Square Feet
    • Dimensions: 100.00 x 50.00
    • Features: Level
    Details
    • Parcel number: UNDEFINED

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1950

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    Location
    • Region: Dunellen

    Financial & listing details

    • Price per square foot: $364/sqft
    • Tax assessed value: $453,000
    • Annual tax amount: $11,361
    • Date on market: 5/6/2026
    • Ownership: Fee Simple
    • Lease term: Unit 1(Month-Month),Unit 2(Month-Month),Unit 4(Month-Month)
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    6/22/2026Sold$705,000+0.7%$364/sqft
    Source: All Jersey MLS #2615184R Report a problem
    5/20/2026Pending sale$699,900$362/sqft
    Source: GSMLS #4025562 Report a problem
    5/20/2026Contingent$699,900$362/sqft
    Source: All Jersey MLS #2615184R Report a problem
    5/6/2026Listed for sale$699,900+16.7%$362/sqft
    Source: All Jersey MLS #2615184R Report a problem
    1/11/2024Sold$600,000+3.5%$310/sqft
    Source: All Jersey MLS #2404263R Report a problem
    11/9/2023Contingent$579,900$300/sqft
    Source: All Jersey MLS #2404263R Report a problem
    11/9/2023Pending sale$579,900$300/sqft
    Source: GSMLS #3869160 Report a problem
    10/18/2023Listed for sale$579,900$300/sqft
    Source: GSMLS #3869160 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$11,361 $453,000
    2024$11,361 +9.9%$453,000 +18.7%
    2023$10,336 -1.9%$381,700
    2022$10,539 +0.4%$381,700 +13.1%
    2021$10,493 $337,600
    2020-- $337,600
    2019$10,021 +4.2%$337,600 +355%
    2018$9,616 +3.8%$74,200
    2017$9,265 +2.6%$74,200
    2016$9,035 +2.2%$74,200
    2015$8,843 +1.2%$74,200
    2014$8,734 $74,200
    Find assessor info on the county website

    Neighborhood: 08812

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    Estimated market value
    $710,300
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    Estimated market value
    $710,300

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