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.
For sale
$1,199,000
271 Central Ave, Edison, NJ 08817
7beds
4baths
3,372sqft
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
- 241 days |
- 561 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
RONNIE GLOMB,
YOUR TOWN REALTY, LLC 855-600-2465
Source: All Jersey MLS,MLS#: 2607177R
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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
| Date | Event | Price |
|---|---|---|
| 11/7/2025 | Listed for sale | $1,199,000+64.2%$356/sqft |
Source: | ||
| 1/5/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/5/2020 | Listed for sale | $729,999+30.4%$216/sqft |
Source: Owner Report a problem | ||
| 1/10/2020 | Listing removed | $559,999$166/sqft |
Source: Agency Report a problem | ||
| 10/7/2019 | Listed for sale | $559,999+19.7%$166/sqft |
Source: Agency Report a problem | ||
| 4/26/2016 | Listing removed | $468,000$139/sqft |
Source: CENTURY 21 Worden & Green #1614361 Report a problem | ||
| 4/5/2016 | Pending sale | $468,000$139/sqft |
Source: CENTURY 21 Worden & Green #1614361 Report a problem | ||
| 2/26/2016 | Listed for sale | $468,000+24.5%$139/sqft |
Source: CENTURY 21 Worden & Green #1614361 Report a problem | ||
| 11/30/2015 | Listing removed | $2,600$1/sqft |
Source: Owner Report a problem | ||
| 11/20/2015 | Listed for rent | $2,600$1/sqft |
Source: Owner Report a problem | ||
| 8/1/2014 | Sold | $376,000-6%$112/sqft |
Source: Public Record Report a problem | ||
| 4/22/2014 | Listed for sale | $400,000$119/sqft |
Source: Prudential Fox & Roach #1414377 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | -- | $197,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
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Climate risks
Neighborhood: Lahiere
Nearby schools
GreatSchools rating
- 7/10Washington Elementary SchoolGrades: K-5Distance: 0.8 mi
- 5/10Thomas Jefferson Middle SchoolGrades: 6-8Distance: 0.3 mi
- 4/10Edison High SchoolGrades: 9-12Distance: 1.1 mi
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- New Jersey
- Middlesex County
- Edison
- 08817
- Lahiere
- 271 Central Ave







