Property details
About 497 Marvin Dr
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.
Highlights
Summary
- Full Bathrooms: 6
- Basement: Yes
- Flooring Type: Laminate, Ceramic Tile
- Total Bedroom Count: 14
- Cooling: Other
- List Price: $2,500,000
- Annual Tax Amount: $11,529
- Tax Year: 2024
- Year Built: 1920
- Lot Size: 0.4 Acres
- MLS Number: 22518185
- MLS Name: MOREMLS (Monmouth Ocean Regional REALTORS®)
- Office Name: Sonya Grill Real Estate
- Listing Agent: Ronen Neuman
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: 7/24/2025, 12:40:35 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
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $845,900 | $11,529 |
| 2022 | $632,800 | $12,348 |
| 2021 | $617,100 | $12,348 |
| 2020 | $569,600 | $10,856 |
| 2019 | $516,500 | $10,707 |
History based on county public records data.
Nearby schools
3
George L Catrambone
Public District KG-5
1.0 mi
•240 Park Ave
6
Betty McElmon Elementary School
Public District PK-4
1.1 mi
•20 Parker Rd
4
A a Anastasia Elementary School
Public District KG-5
1.6 mi
•92 7th Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $87,500. Residents of Long Branch, NJ typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Symphony or Opera
Hiking/backpacking
Yoga/pilates
Where do the neighbors shop?
Chico's
Nordstrom Rack
H&M
Where do the neighbors go to eat?
Boston Market
Chipotle
Dominos Pizza
What do the neighbors drive?
Volvo
Mazda
Audi
What do the neighbors listen to?
Talk/Personality
Rock
Alternative
Frequently asked questions
About 497 Marvin Dr
The listing price of 497 Marvin Dr property is $2,500,000.
The property 497 Marvin Dr is a multi located in Long Branch, New Jersey, 07740.
Active Listing: 497 Marvin Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 497 Marvin Dr are: George L Catrambone (GreatSchools Rating 3/10), Betty McElmon Elementary School (GreatSchools Rating 6/10), A a Anastasia Elementary School (GreatSchools Rating 4/10), Long Branch Middle School (GreatSchools Rating 3/10), Frank Antonides School (GreatSchools Rating 5/10), Maple Place Middle School (GreatSchools Rating 6/10), Academy of Law & Public Safety (GreatSchools Rating 6/10), Long Branch High School (GreatSchools Rating 2/10), Shore Regional High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $11,529 (source: MLS/based on county public records data).
The year of construction for 497 Marvin Dr is 1920.
This home is located at 497 Marvin Dr in Long Branch, NJ and zip code 07740 in the West End Long Branch neighborhood. Features: 14 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 19, 2025 and is currently priced at $2,500,000.
Over 6 listings were sold over their listed price in June 2025 in Long Branch, NJ. In the same period over 11 listings were sold below the listed price and 1 listings were sold for the listed price. In June 2025 in Long Branch, NJ there were 1.1% more homes for sale than in May. In June 2025 median list price was $761,000 and the average listing age was 43 days.