For sale

$999,900

1 Thompson Drive, Leonardo, NJ 07737

5beds

2,912sqft

$7,021/mo

Get pre-qualified

Duplex

Built in 1948

-- sqft lot

$964,700 Zestimate^®

$343/sqft

$-- HOA

What's special

Incredible investment opportunity in the heart of Leonardo! This rare, legal two-family property located at 1 Thompson Drive sits on an expansive, park-like lot of over 1.1 acres, backing up to private, serene woods. Spanning nearly 2,912 square feet of total interior space, this income-generating property provides the ultimate flexibility as a multi-unit investment or a perfect multi-generational home.A massive driveway offering abundant off-street parking, set back privately from the main road.The property is ideally situated in the highly rated Middletown School District. It is a commuter's dream, located under 10 minutes from the Seastreak Ferry for direct access to NYC, and just minutes away from local beaches, the Leonardo State Marina, shopping, and major highways like Route 36.

65 days
841
51

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 3

Heating

Forced Air

Cooling

Central Air

Features

Recessed Lighting
Flooring: Wood
Basement: Slab

Interior area

Total structure area: 2,912
Total interior livable area: 2,912 sqft

Property

Parking

Parking features: Off Street, None

Features

Stories: 2
Patio & porch: Deck

Lot

Size: 1.12 Acres
Dimensions: 233 x 210
Features: Level, Wooded

Details

Parcel number: 3200452000000003

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex

Condition

New construction: No
Year built: 1948

Utilities & green energy

Sewer: Public Sewer

Community & HOA

Community

Subdivision: None

Location

Region: Leonardo

Financial & listing details

Price per square foot: $343/sqft
Tax assessed value: $746,700
Annual tax amount: $12,052
Date on market: 8/14/2026
Tenant pays: Heat, Gas, Electricity

Estimated market value

$964,700

$916,000 - $1.01M

$2,833/mo

Price history

Date	Event	Price
8/14/2026	Listed for sale	$999,900+69.5%$343/sqft
Source: MoreMLS #22624512 Report a problem
11/24/2020	Sold	$590,000-5.6%$203/sqft
Source: Public Record Report a problem
8/13/2020	Listing removed	$625,000$215/sqft
Source: Heritage House Sotheby's International Realty #22023019 Report a problem
7/24/2020	Price change	$625,000-3.8%$215/sqft
Source: Heritage House Sotheby's International Realty #22023019 Report a problem
7/10/2020	Listed for sale	$650,000+56.6%$223/sqft
Source: Heritage House Sotheby's International Realty #22023019 Report a problem
6/24/2011	Sold	$415,000+15.3%$143/sqft
Source: Public Record Report a problem
8/5/2003	Sold	$360,000+53.2%$124/sqft
Source: Public Record Report a problem
3/2/1999	Sold	$235,000$81/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$12,283 +9.4%	$746,700 +9.4%
2024	$11,225 -8.4%	$682,400 -3.2%
2023	$12,249 +15.5%	$704,800 +25.1%
2022	$10,605 +22.1%	$563,200 +34.9%
2021	$8,686 +0.4%	$417,600 +1.5%
2020	$8,655 +0.5%	$411,300 +0.4%
2019	$8,609	$409,800 +3.1%
2018	$8,609 +5.6%	$397,300 +2%
2017	$8,155 -0.2%	$389,500 +5.1%
2016	$8,175 +3%	$370,500 +0%
2015	$7,936 +2.2%	$370,400 +5.6%
2014	$7,765 +1.5%	$350,700
2013	$7,652 +1%	$350,700
2012	$7,579 +4.8%	$350,700
2011	$7,234 +3.9%	$350,700 -9.8%
2010	$6,965 -7.5%	$388,900
2009	$7,534	$388,900 +102.9%
2008	--	$191,700
2007	--	$191,700
2006	--	$191,700
2005	--	$191,700
2003	--	$191,700
2002	--	$191,700
2001	--	$191,700