Versatile Multi-Family Property with Rental and Commercial Potential!! Exceptional opportunity to own a unique multi-family property offering flexible use and strong income potential. The front building features a partial basement, spacious 2-bedroom, 1-bath apartment plus a separate efficiency unit with its own entrance—formerly used commercially and eligible for reactivation under current zoning regulations. Ideal for a small business, studio, or additional rental income. Tucked behind the main home is a second building with two well-kept rental units—one upstairs and one downstairs plus a one car garage and nice grounds with plenty of parking.
Set on a generous lot, this property delivers multiple streams of income with the added bonus of commercial versatility. Whether you're an investor or an owner-occupant looking to maximize returns this property is for you.
For sale
Price cut: $25K (3/5)
$650,000
289 Port Monmouth Road, North Middletown, NJ 07748
4beds
--sqft
Est.:
Multiple Buildings
Built in 1930
-- sqft lot
$649,800 Zestimate®
$--/sqft
$-- HOA
What's special
Generous lotOne car garage
- 66 days |
- 1,237 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: March 27, 2026 at 12:02pm
Listed by:
Maureen Yetman yetmanmaureen@gmail.com,
C21 Thomson & Co.
Source: MoreMLS,MLS#: 22602563
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- Multi Units
Features
- Basement: Partial
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Features
- Stories: 1
Lot
- Size: 9,583.2 Square Feet
- Dimensions: 86 x 110
Details
- Parcel number: 3200011000000013
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multiple Buildings
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: None
Location
- Region: Middletown
Financial & listing details
- Tax assessed value: $398,200
- Annual tax amount: $6,427
- Date on market: 1/29/2026
- Exclusions: Tenants personal property
Estimated market value
$649,800
$617,000 - $682,000
$3,371/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/5/2026 | Price change | $650,000-3.7% |
Source: | ||
| 1/29/2026 | Listed for sale | $675,000 |
Source: | ||
| 7/23/2025 | Pending sale | $675,000 |
Source: | ||
| 6/11/2025 | Listed for sale | $675,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,550 +3.2% | $398,200 +3.2% |
| 2024 | $6,348 +14.1% | $385,900 +20.6% |
| 2023 | $5,562 -4.7% | $320,000 +3.3% |
| 2022 | $5,834 -3.7% | $309,800 +6.4% |
| 2021 | $6,055 -0.2% | $291,100 +1% |
| 2020 | $6,068 +30.6% | $288,100 +0.3% |
| 2019 | $4,644 | $287,300 +0.7% |
| 2018 | $4,644 -26.3% | $285,300 +0.5% |
| 2017 | $6,304 -0.3% | $283,800 -0.9% |
| 2016 | $6,321 +1.5% | $286,400 |
| 2015 | $6,230 | $286,400 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,030/mo
Principal & interest
$3180
Property taxes
$850
More affordability tools
Climate risks
Neighborhood: North Middletown
Nearby schools
GreatSchools rating
- 4/10Ocean Avenue Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 4/10Thorne Middle SchoolGrades: 6-8Distance: 1.5 mi
- 5/10Middletown - North High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Ocean
- Middle: Thorne
- High: Middle North
Source: MoreMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 07748
- New Jersey
- Monmouth County
- Middletown
- 07748
- North Middletown
- 289 Port Monmouth Road







