497 Marvin Drive, Long Branch, NJ 07740
$2,500,000
Property Type:
Multi-Family
Bedrooms:
14
Baths:
6
Lot Size (sq. ft.):
17,424
Status:
Active
Current Price:
$2,500,000
List Date:
6/19/2025
Last Modified:
9/07/2025
Description
Legal Five-Family Home in Prime Residential Neighborhood. Don't miss this rare opportunity to own a legal five-family property situated in a highly desirable area. Located near Monmouth University, houses of worship, and just minutes from the vibrant West End shopping district, this property offers exceptional potential for investors and owner-occupants alike. The lot spans an impressive 140 x 125 feet, providing ample outdoor space and future development possibilities. Recent improvements include a new concrete patio near the parking area, enhancing both functionality and curb appeal.
One of the units (#4) has been recently updated. All tenants are currently on a month-to-month. The current rental income is below market value, presenting a significant opportunity for increased returns.
More Information MLS# 22518185
Contract Info
New Construction: No
Status: Active
List Date: 2025-06-19
List Price: $2,500,000
Current Price: $2,500,000
Property Sub-Type: Five Family
Location
Area/Section: None
Middle School: Long Branch
House Number: 497
Street Name: Marvin
Street Suffix: Drive
County: Monmouth
Municipality: Long Branch (LON)
Postal City: Long Branch
State: NJ
Zip Code: 07740
Complex/Subdivision: None
Directions: Cedar Ave, north onto Marvin Drive.
General Property Info
# Units in Bldg: 5
Handicap Access: No
Waterfront: No
# Levels: 2
Waterview: No
Fireplace: No
Lot Dimensions: 140 x 125
Basement: Yes
Garage: No
# Acres: 0.4
# Car Garage: 0
Pool: No
Bedrooms: 14
Full Baths: 6
Total Baths: 6
Apx Year Built: 1920
Tax and Legal
Asmnt - Total: 845900
Deed Restricted: No
Taxes: 13001
Tax Year: 2024
Unit 1
Master Bedroom Level: 1
# Bedrooms: 2
Bedroom Level: 1
# Full Baths: 1
# Rooms: 4
Kitchen Level: 1
Living Room Level: 1
Rent: 2000
Electric Meter: 1
Furnace: 1
Gas Meter: 1
Gas Stove: 1
Refrigerator: 1
Unit 2
Master Bedroom Level: 1
# Bedrooms: 3
Bedroom Level: 1
# Full Baths: 1
# Rooms: 6
Kitchen Level: 1
Living Room Level: 1
Rent: 1650
Electric Meter: 1
Furnace: 1
Gas Meter: 1
Gas Stove: 1
Refrigerator: 1
Unit 3
Master Bedroom Level: 1
# Bedrooms: 3
Bedroom Level: 1
# Full Baths: 2
# Rooms: 4
Kitchen Level: 1
Living Room Level: 1
Rent: 1850
Electric Meter: 1
Furnace: 1
Gas Meter: 1
Gas Stove: 1
Refrigerator: 1
Unit 4
Master Bedroom Level: 2
# Bedrooms - Unit 4: 3
Bedroom Level: 2
# Full Baths - Unit 4: 1
# Rooms: 5
Kitchen Level: 2
Electric Meter: 1
Furnace: 1
Gas Meter: 1
Gas Stove: 1
Refrigerator: 1
Unit 5
Master Bedroom Level: 2
# Bedrooms: 3
Bedroom Level: 2
# Full Baths: 1
# Rooms: 5
Kitchen Level: 2
Electric Meter: 1
Furnace: 1
Gas Meter: 1
Gas Stove: 1
Refrigerator: 1
Showing
Call Agent: 1
Water/Sewer
Public Sewer: 1
Public Water: 1
Floors
Ceramic Tile: 1
Laminate: 1
Basement
Full: 1
Cooling
Other: 1
Water Heater
Natural Gas: 1
Heating
Natural Gas: 1
Assessment Status
Assessed: 1
Property Features
Unit 1: Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator
Unit 2: Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator
Unit 3: Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator
Unit 4: Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator
Unit 5: Electric Meter; Furnace; Gas Meter; Gas Stove; Refrigerator
Basement: Full
Floors: Ceramic Tile; Laminate
Cooling: Other
Heating: Natural Gas
Water Heater: Natural Gas
Assessment Status: Assessed
Showing: Call Agent
Listing Office:
Sonya Grill Real Estate
Listing Agent:
Ronen Neuman
Last Updated: September - 07 - 2025
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