Back 398 Monmouth Avenue
Off Market

398 Monmouth Avenue

Leonardo NJ 07737

3
2
6098.4 sq. ft.
Multi-Family
Last sold for $483,000
Christine Lundberg AgentChristine Lundberg Agent, last sold this property on 17 October 2025 after 165 days on market.

Overview

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.

Features

3 bedrooms
2 bathrooms
6098.4 sq. ft. lot size
Multi-Family

Estimated Value

We need at least 3 similar 3 bedroom multi families sold in Leonardo over the last 12 months.

Property history for 398 Monmouth Avenue

2025
Rented
Undisclosed
15 Dec 2025 by Real Broker LLC
2025
Rented
Undisclosed
01 Nov 2025 by Real Broker LLC
2025
Sold
$483,000
17 Oct 2025 by Christine Lundberg Agent, of C21/ Action Plus Realty

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Local market activity for 3 bedroom multi families in Leonardo

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