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For sale
  • $1,199,000

    271 Central Ave, Edison, NJ 08817

    7beds
    4baths
    3,372sqft
    : 
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    Multi Family
    Built in 1922
    -- sqft lot
    $905,500 Zestimate®
    $356/sqft
    $-- HOA

    What's special

    Modern luxury livingSuperior exterior structureEnergy-efficient two-zone hvacGourmet quartz kitchenSpa-inspired master suite
    Prime Edison Property - Approved for Two Luxury Single-Family Homes or Live & Rent Opportunity Exceptional opportunity to own a board and zoning - approved minor subdivision in Edison's sought after neighborhood - offering flexibility, income, and future profit. This property includes an existing multi-family home plus approval to build two new luxury single-family homes, making it ideal for builders, investors, owner-occupants, or multi-generational buyers. Property Highlights Approved to build two new luxury single-family homes, see below for details Existing multi-family includes: o Unit 1: 5 BR/3 BA, half basement, & driveway, rented at $3,200/month (lease through 3/31/26, option for extension as needed) o Unit 2: 2 BR/1 BA, full basement, & 2-car garage, currently owner-occupied or rentable at $2,200/month Live in one unit and collect rent from the other, or start immediate construction on two new homes New Construction Vision & Approved Blueprints Each approved single-family home is designed for modern luxury living (~2,800-2,900 sq ft) and projected to sell for $1.0M - $1.2M. Key design highlights include: 1. 5 BR / 3 BA plus dual family rooms, including coffered design, for large family gathering or entertainment 2. Soaring 9' ceiling on 1st floor, 8' ceiling on 2nd floor with 10' tray ceiling for master coupled with a walk-out balcony 3. Spa-inspired master suite with freestanding tub and his & her WIC 4. Gourmet quartz kitchen with walk-in pantry and stainless-steel appliances 5. Hardwood or porcelain floors with Andersen / Pella windows 6. Energy-efficient two-zone HVAC, high R-value insulation, and smart layout 7. Superior exterior structure using 2x6 framing Together, both homes could yield $2M+ in finished value, instantly positioning this property as a high-upside investment. Prime Edison Location Minutes to Edison train station (direct to NYC), top-rated schools, major shopping, and quick access to Route 1, Parkway, Rt 287, and NJ Turnpike. High-demand neighborhood with strong resale and rental markets. This turnkey development offers a fully approved minor subdivision for two new luxury single-family homes, along with an existing income-producing multi-family residence. The value reflects over a year of professional work and approval completed - including planning board fees, legal and engineering costs, environmental testing, zoning compliance, architected blueprints, and finalized deeds. All information deemed reliable but not guaranteed. Buyer to perform their own due diligence regarding minor subdivision details, construction, potential resale values, etc. Any price estimates for future construction are illustrative only and not a guarantee of market value or profit. Property sold as-is with no representation or warranty of future performance, subject to local zoning, building, and planning regulations.
    241 days
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    561
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    12
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    Zillow last checked:

    Listing updated:

    Listed by:

    RONNIE GLOMB,

    YOUR TOWN REALTY, LLC 855-600-2465

    Source: All Jersey MLS,MLS#: 2607177RMLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 4
      Heating
      • Baseboard Electric
      Cooling
      • None
      Appliances
      • Included: Water Heater(Electric), Water Heater, Unit 1(Dryer, Refrigerator), Unit 2(Refrigerator)
      Features
      • Unit 1(Dining Room, Kitchen, 5+ Bedrooms, 2+ Baths), Unit 2(Dining Room, 2 Bedrooms, Kitchen, 1 Bath, Den/Family Room)
      • Flooring: Unit 1 Carpet
      • Basement: Crawl Space, Full, None
      Interior area
      • Total structure area: 3,372
      • Total interior livable area: 3,372 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage, Attached
      • Attached garage spaces: 2
      Features
      • Stories: 2
      Lot
      • Size: 6,564 Square Feet
      • Dimensions: 125.00 x 0.00
      • Features: See Remarks
      Details
      • Parcel number: 050010000000002306
      • Zoning: RB

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Condition
      • Year built: 1922

      Utilities & green energy

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

      Community & HOA

      Location
      • Region: Edison

      Financial & listing details

      • Price per square foot: $356/sqft
      • Tax assessed value: $176,200
      • Annual tax amount: $11,876
      • Date on market: 11/7/2025
      • Ownership: Fee Simple
      • Electric utility on property: Yes

        Estimated market value

        $905,500

        $824,000 - $987,000

        $2,869/mo

        Price history

        DateEventPrice
        11/7/2025Listed for sale$1,199,000+64.2%$356/sqft
        Source: All Jersey MLS #2607177R Report a problem
        1/5/2021Listing removed--
        Source: Owner Report a problem
        10/5/2020Listed for sale$729,999+30.4%$216/sqft
        Source: Owner Report a problem
        1/10/2020Listing removed$559,999$166/sqft
        Source: Agency Report a problem
        10/7/2019Listed for sale$559,999+19.7%$166/sqft
        Source: Agency Report a problem
        4/26/2016Listing removed$468,000$139/sqft
        Source: CENTURY 21 Worden & Green #1614361 Report a problem
        4/5/2016Pending sale$468,000$139/sqft
        Source: CENTURY 21 Worden & Green #1614361 Report a problem
        2/26/2016Listed for sale$468,000+24.5%$139/sqft
        Source: CENTURY 21 Worden & Green #1614361 Report a problem
        11/30/2015Listing removed$2,600$1/sqft
        Source: Owner Report a problem
        11/20/2015Listed for rent$2,600$1/sqft
        Source: Owner Report a problem
        8/1/2014Sold$376,000-6%$112/sqft
        Source: Public Record Report a problem
        4/22/2014Listed for sale$400,000$119/sqft
        Source: Prudential Fox & Roach #1414377 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,100 -11.7%$176,200 -11.7%
        2024$11,435 +0.5%$199,500
        2023$11,377 0%$199,500
        2022$11,381 +0.4%$199,500
        2021$11,338 $199,500
        2020-- $199,500
        2019$5,594 $199,500
        2018$5,594 -46.9%$199,500
        2017$10,526 +4%$199,500
        2016$10,123 +3.8%$199,500
        2015$9,749 +3.1%$199,500 +0.8%
        2014$9,452 -74.7%$197,900
        2005$37,430 $197,900
        2004-- $197,900
        2003-- $197,900
        2002-- $197,900
        2001-- $197,900

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Lahiere

        Getting around

        66 / 100
        Somewhat Walkable
        48 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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