---
title: "271 Central Avenue, Shelton, NJ 08817"
description: "271 Central Avenue, Shelton, NJ 08817 — NYC real estate listing on Real Estate Rebate Team. Priced at $1,199,000. Est. potential buyer savings up to $29,975 (subject to buyer-broker compensation received, lender approval, and applicable law)."
url: "https://realestaterebatesnewyork.com/buy/newjersey/edison/08817/271-central-avenue-nj-08817"
source: "Real Estate Rebate Team"
---

# 271 Central Avenue, Shelton, NJ 08817

> **Listing Courtesy of:** YOUR TOWN REALTY, LLC

## 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-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.

## Property Details

- **Price**: $1,199,000
- **Potential Buyer Rebate**: $29,975
- **Bedrooms**: 0
- **Living Area**: 3,372 sqft
- **Property Type**: Residential Income
- **Year Built**: 1922
- **Neighbourhood**: Edison Township
- **Area / Borough**: Edison
- **Subdivision**: Shelton
- **Listing Office**: YOUR TOWN REALTY, LLC
- **State**: NJ

## Estimated Potential Buyer Savings

Real Estate Rebate Team estimates potential buyer savings of up to **$29,975** at closing.

*Estimated by Real Estate Rebate Team. Subject to buyer-broker compensation received, lender approval, transaction terms, and applicable law. Not all listings qualify.*

## Related Links

- [Neighbourhood guide](https://realestaterebatesnewyork.com/neighborhoods//neighborhoods/nj/middlesex/edison-township)
- [Calculate your exact cash back and book a showing here](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Regis Roumila for more details](https://realestaterebatesnewyork.com/contact)

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> This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.