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.
For sale
$999,900
1 Thompson Drive, Leonardo, NJ 07737
5beds
2,912sqft
Duplex
Built in 1948
-- sqft lot
$1,027,100 Zestimate®
$343/sqft
$-- HOA
What's special
- 18 days |
- 962 |
- 36 |
Zillow last checked:
Listing updated:
Listed by:
Mariya Hnatkevych 732-357-6071,
RE/MAX First Realty,
Pavel Kvitnitskiy 732-631-4890,
RE/MAX First Realty
Source: MoreMLS,MLS#: 22624512
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
$1,027,100
$976,000 - $1.08M
$2,988/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 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 07737
Nearby schools
GreatSchools rating
- 5/10Leonardo Elementary SchoolGrades: K-5Distance: 0.6 mi
- 7/10Bayshore Middle SchoolGrades: 6-8Distance: 0.6 mi
- 7/10Middletown - South High SchoolGrades: 9-12Distance: 4.6 mi
- $--3 bd2 ba-- sqft1 Thompson Dr #2, Leonardo, NJ 07737Off Market
- $--3 bd1 ba1.2k sqft1 Thompson Dr FLOOR 1, Leonardo, NJ 07737Off Market
- $595,5003 bd2 ba1.3k sqft1 Glenwood Pl, Leonardo, NJ 07737Off Market
- $754,4003 bd1 ba1.2k sqft704 Leonardville Rd, Leonardo, NJ 07737Off Market
- $503,1003 bd1 ba1.3k sqft712 Leonardville Rd, Leonardo, NJ 07737Off Market
- $803,3003 bd2 ba1.8k sqft3 Glenwood Pl, Leonardo, NJ 07737Off Market
- $621,8003 bd1 ba1.2k sqft700 Leonardville Rd, Leonardo, NJ 07737Off Market
- $576,1003 bd1 ba1.4k sqft1A Glenwood Pl, Leonardo, NJ 07737Off Market
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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