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497 Marvin Drive Long Branch, NJ $ 2,500,000
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$ 2,500,000 Get more info
497 Marvin Drive
$ 2,500,000
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497 Marvin Drive

Long Branch, NJ, 07740
$ 2,500,000
Bedrooms14 Baths0.0

Monthly Estimate*

$ 15,597

497 Marvin Drive, Long Branch, NJ 07740 - Image 1

Multi-Family Home for sale in Long Branch, NJ

for $2,500,000 with 14 bedrooms. This home was built in 1920 on a lot size of 0.4.

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.

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Multi-Family Active

Price

$ 2,500,000

Bedrooms

14

Property Type

Multi-Family

Taxes

$ 13,001

Style

Lot Size

0.4

Year Built

1920

Town/City

Long Branch

County/Region

Monmouth

MLS | Web ID

22518185
Features
General
Sewer Public Sewer
Cooling Other
Garage Spaces 0.0
Year Built 1920
Stories Count 2
Property Subtype Five Family
Tax Year 2024
County Monmouth
New Construction N
Property Type Multi-Family
Attached Garage N
Subdivision Name None
Garage Y/N N
Full Baths 6
Status Active
Directions Cedar Ave north onto Marvin Drive.
City Long Branch
Number Of Units Total 5
MLS Area None
Lot Size Units Acres
Lot Size Square Feet 17424.0
Carport Y/N N
Tax Annual Amount 13001.0
Home Warranty Y/N N
Middle/Junior High School Long Branch
Lease Renewal Y/N N
MLS Area Minor Long Branch (LON)
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
TaxOtherAnnualAssessmentAmount 845900.0
Senior Community None
Water Body Access Y/N None
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Interior
Basement Full
Flooring Laminate Ceramic Tile
Total Fireplaces 0
Basement (Y/N) Y
Air Conditioning Y/N Y
Total Bedrooms 14
Total Baths 6
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Exterior
Water Source Public
Lot Size Area 0.4
Spa N
Lot Dimensions 140 x 125
Lot Size Acres 0.4
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 497
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* Excluded Features
List By
Ronen Neuman

Listing Agent

Sonya Grill Real Estate

Broker

ronenneuman@yahoo.com

Email

Affordability Calculator

$16,680
Per Month
94%
6%
0%
Monthly Principal & Interest
$15,597
Monthly Property Taxes
$1,083
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
742343 Elementary School
1828363 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/19/2025$2,500,000 Listed Price

Map

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497 Marvin Drive, Long Branch, NJ, 07740 is a Multi-Family Home for sale at $2,500,000 with a lot size of 0.4. 497 Marvin Drive has 14 bedrooms, 0.0 baths, and was built in 1920. The property's zip code is 07740 which is in Long Branch, NJ

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