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$483,000
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Property Description
RARE find 2 HOMES COMPLETELY DETACHED ON THE SAME LOT.ONE FACES MONMOUTH AVE a ranch style home w/a walkway up to the front door & walkway to a side entry. Living/Dining room combo w/eat-in Kitchen,2 bedrooms,1 full bath & a basement. THE OTHER HOME FACES CENTER AVE a ranch style home with a side entrance door w/Living/Din room combo, Kitchen,1 bedroom,1 bath. LOT is 25' width & 250' depth. Property is owned from Monmouth Ave to Center Ave one large rectangular lot. BOTH Homes are in move in condition & sit on beautiful streets. Lot is treed, private, & w/both homes adjoining a backyard together. Home that enters off Center Ave has an extremely long driveway. Both homes are move in ready plus renters recently left June - lease expired May & they were month to month before leaving in June Separate gas & electric BUT a shared public water and public sewer bill that is not separated. Current front home renter off Monmouth Ave had rented for over 20 plus years and pays $1,650 per month for a 2 bedroom, 1 bath, Kitchen, Liv/Din rm combo PLUS/a basement. Rent could possibly be over $2,500, landlord rarely raised the rent because tenant was an awesome renter! This price for rent is an estimate with the home fully updated you can get close to this rental price. You might get more or less depending upon condition of home. The fact that is completely detached will make it more sought after. Also, if there are not a lot of rentals available that can help in getting more for the rental of the home. Home that enters off Center Ave paid $975 per month for a 1 bedroom 1 bath, Kitchen, Liv/Din rm combo w/a crawl space. Rent if NOT fully updated and minimally fixed up could possibly be rented for $1,500 per month, landlord rarely raised rent because tenant was an awesome renter for the last 10 years. If the 1 Bedroom was fully renovated, you could possibly get $2,250 for rent.
Full Property Details
Full Property Details for 398 Monmouth Ave
General
- Sold For: $483,000
- Taxes: $6,129 (2024)
- Status: Closed
- Type: Multi-Family
- Source: Monmouth
- MLS ID: 22513016
- Added to Site: 297 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Pool Description: See Remarks
Parking
- Parking Features: See Remarks, On-Street, None
- Garage Description: None
Location
- Area: Middletown (MID)
- Municipality: Middletown (MID)
- County: Monmouth
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Other
- Heating Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Water/Sewer: Public Sewer, Public Water
Structural Information
- Exterior Const.: Other
- Basement: Yes
- Roof: Other
- Year Built: 1908
Unit Information
Unit 1
- Bedrooms: 2
- Primary Bedroom: Level 1
- Bedroom 1: Level 1
- Living Room: Level 1
- Kitchen: Level 1
Unit 2
- Bedrooms: 1
- Primary Bedroom: Level 1
- Living Room: Level 1
- Kitchen: Level 1
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098.4
- Lot Dimensions: 25 x 250
Financial Considerations
- Tax Amount: $6,129
- Tax Year: 2024
Disclosures and Reports
- Property ID: 32-00350-0000-00007
- Section: Leonardo
Listed by C21/ Action Plus Realty, Christine Lundberg
Sold by Keller Williams Realty Ocean Living, Desiree Rava
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Schools
Schools serving 398 Monmouth Ave
School District:Middletown Township School District
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 398 Monmouth Ave
Date
Details
Price
Change
Source
10/17/2025
Sold
$483,000
-3.4%
MLS
7/17/2025
Price Reduced
$500,000
-3.66%
MLS
6/19/2025
Price Reduced
$519,000
-5.64%
MLS
5/04/2025
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
398 Monmouth Avenue, Leonardo, NJ 07737 (MLS# 22513016) is a Multi-Family property that was sold at $483,000 on October 17, 2025. Want to learn more about 398 Monmouth Avenue? Do you have questions about finding other Multi-Family real estate for sale in Leonardo? You can browse all Leonardo real estate or contact a Coldwell Banker agent to request more information.

