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$500,000

398 Monmouth Ave Leonardo, NJ 07737

3 beds
2 full
0.1 acres
Multi-Family

Property details

About 398 Monmouth Ave

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.

Highlights

Home typeMulti Family
HeatingOther
StatusActive
CoolingOther
BasementYes
Lot size0.14 Acres
Year built1908
ParkingSee Remarks, On Street, None
MLS #22513016

Summary

  • Full Bathrooms: 2
  • Basement: Yes
  • Total Bedroom Count: 3
  • Attached Garage: No
  • Parking: See Remarks, On Street, None
  • Heating: Other
  • Cooling: Other
  • List Price: $500,000
  • Annual Tax Amount: $6,029
  • Tax Year: 2024
  • Year Built: 1908
  • Lot Size: 0.14 Acres
  • MLS Number: 22513016
  • MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
  • Office Name: C21/ Action Plus Realty
  • Listing Agent: Christine Lundberg

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Monmouth/Ocean MLS Monmouth County Association Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Monmouth/Ocean MLS Monmouth County Association Board of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/29/2025, 7:40:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$372,600$6,029
2022$304,500$5,622
2021$270,300$5,622
2020$249,000$5,231
2019$247,700$4,557

History based on county public records data.

Nearby schools

3

Leonardo Elementary School

Public District KG-5

0.6 mi

14 Hosford Ave

6

Bayview Elementary School

Public District KG-5

1.1 mi

300 Leonardville Rd

6

Atlantic Highlands Elementary School

Public District PK-6

1.5 mi

140 1st Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $81,780. Residents of Leonardo, NJ typically earn between $35k-100k each year. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

4%
<35k
62%
35k-100k
27%
100k-200k
7%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

35%
Single, No Kids
8%
Single, with Kids
30%
Married, No Kids
27%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
8%
12-17 yrs old
19%
18-34 yrs old
48%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Hiking/backpackingHiking/backpacking
  • PGA/LPGAPGA/LPGA
  • Minor League Baseball GamesMinor League Baseball Games

Where do the neighbors shop?

  • Nordstrom RackNordstrom Rack
  • Stein MartStein Mart
  • New York & CompanyNew York & Company

Where do the neighbors go to eat?

  • ChipotleChipotle
  • Bonefish GrillBonefish Grill
  • Chick-fil-AChick-fil-A

What do the neighbors drive?

  • MazdaMazda
  • LincolnLincoln
  • KiaKia

What do the neighbors listen to?

  • RockRock
  • ClassicalClassical
  • Talk/PersonalityTalk/Personality
All data provided by Home Junction and Claritas

Frequently asked questions

About 398 Monmouth Ave

The listing price of 398 Monmouth Ave property is $500,000.

The property 398 Monmouth Ave is a multi located in Leonardo, New Jersey, 07737.

Active Listing: 398 Monmouth Ave is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 398 Monmouth Ave are: Leonardo Elementary School (GreatSchools Rating 3/10), Bayview Elementary School (GreatSchools Rating 6/10), Atlantic Highlands Elementary School (GreatSchools Rating 6/10), Bayshore Middle School (GreatSchools Rating 7/10), Thorne Middle School (GreatSchools Rating 5/10), Joseph R. Bolger Middle School (GreatSchools Rating 2/10), Middletown High School North (GreatSchools Rating 6/10), Keansburg High School (GreatSchools Rating 2/10), Marine Academy of Science and Technology (GreatSchools Rating 10/10).

According to the records, the last property tax for 2024 is $6,029 (source: MLS/based on county public records data).

The year of construction for 398 Monmouth Ave is 1908.

This home is located at 398 Monmouth Ave in Leonardo, NJ and zip code 07737 in the Leonardo neighborhood. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 5, 2025 and is currently priced at $500,000.

Leonardo, NJ housing market in June 2025 saw over 39 listings sold above listed price, more than 7 sold at listed price and over 14 sold below. The inventory of homes for sale in Leonardo, NJ between May and June 2025 decreased by 6%. Listings spent 19 days on the market in June 2025, and had a median list price of $700,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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