Active

271 Central Avenue

Edison, NJ 08817

$1,199,000 $5,055/Mo

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Overview

Bed

Bath

3,372

Sqft

0.15

Acre(Lot)

Description

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-oc cupied 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.

Property Details

Property Type : Residential Income

Price : $1,199,000

AD Id : 68538069

MLS Id : 2607177R

Lot Size : 0.15 Acre

Living Area Size : 3,372

Year Built : 1922

Garage : 2

County : Middlesex

Subdivision: None Available

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 4

Room Information

Rooms Total: 7 Has Basement: Yes Basement: Crawl Space, Full, None
Interior Features

Appliances: Water Heater, Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Baseboard Cooling: None

Building Information

Year Built: 1922 Building Area Total: 3372 Construction Materials: Shingle Siding Stories: 2 Private Pool: No

Lot Information

Lot Dimensions: 125.00 x 0.00 Main Square Feet: 0.1507 Acres Lot Size Acres: 0.1507 Lot Size Square Feet: 6564 Lot Description: See Remarks

Property Information

Subdivision: Shelton Source Property Type: Residential Income Postal Code Plus 4: 3114 Zoning Description: See Remarks Property SubType: Duplex Property Age: 104

Listing Price Information

Listing Price: $1199000

Tax Information

Parcel Number: 050010000000002306 Tax Lot: 23.06 Tax Block: 100 Tax Year: 2024 Annual Tax: $11876

Parking Information

Garage, Attached

Garage Information

Has Garage: Yes Has Attached Garage: Yes Garage Space: 2

Utility Information

Electricity Connected, Natural Gas Connected
Location Information

WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
484 Old Post Road, Edison, NJ, 08817	$700,000	--	3	--
21 Market Street, Edison, NJ, 08817	$899,900	4	3	--
21 Market Street, Edison, NJ, 08817	$899,900	--	3	3,350	3,350 SqFt

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ByOwner last updated this listing 06/07/2026 @ 22:49

MLS: 2607177R LISTED BY: RONNIE GLOMB, YOUR TOWN REALTY, LLC SOURCE: Central Jersey MLS