For sale by owner

$519,000

205 Thompson Ave, Middletown, NJ 07748

5beds

1,810sqft

$3,613/mo

Get pre-qualified

MultiFamily

Built in 1923

-- sqft lot

$499,500 Zestimate^®

$287/sqft

$-- HOA

Overview

2 family with long term tenants 3 BR downstairs (6 years), 2 BR upstairs (13 years). Tenants pay all utilities including water and sewer. Separate gas and electric, tenants split water and sewer. Leases through 7/27. Off street parking for 4-6 cars. PLEASE DO NOT DISTURB TENANTS. CONTACT OWNER ONLY.

What the owner loves about this home

Turnkey multi family in North Middletown to add to long term portfolio. Has long term tenants in 3 BR downstairs (6 years), and in 2 BR upstairs (13 years). New leases running through July 2027. Existing rents are below market creating financial upside starting 2027. Seller has permanent lead free certificates. Property sold strictly as-is with tenants remaining. Viewings to qualified investors ONLY. Must show proof of funds or pre-approval.

74 days
141
5

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Baseboard, Gas

Cooling

None

Appliances

Included: Range / Oven, Refrigerator
Laundry: In Unit

Features

Flooring: Hardwood, Linoleum / Vinyl
Basement: None

Interior area

Total interior livable area: 1,810 sqft

Property

Parking

Parking features: Off-street

Lot

Size: 5,000 Square Feet

Details

Parcel number: 3200112000000003

Construction

Type & style

Home type: MultiFamily

Materials

Frame

Condition

New construction: No
Year built: 1923

Community & HOA

Location

Region: Middletown

Financial & listing details

Price per square foot: $287/sqft
Tax assessed value: $486,700
Annual tax amount: $8,006
Date on market: 8/4/2026

Estimated market value

$499,500

$475,000 - $529,000

$2,682/mo

Price history

Date	Event	Price
10/16/2026	Sold	$489,000$270/sqft
Source: MoreMLS #22625744 Report a problem
9/4/2026	Pending sale	$489,000$270/sqft
Source: MoreMLS #22625744 Report a problem
8/18/2026	Price change	$489,000-5.8%$270/sqft
Source: MoreMLS #22625744 Report a problem
8/4/2026	Listed for sale	$519,000+130.7%$287/sqft
Source: Owner Report a problem
3/1/2021	Listing removed	--
Source: Owner Report a problem
7/9/2020	Listing removed	$1,500$1/sqft
Source: Owner Report a problem
6/23/2020	Listed for rent	$1,500+0.3%$1/sqft
Source: Owner Report a problem
11/23/2019	Listing removed	$1,495$1/sqft
Source: Owner Report a problem
11/10/2019	Price change	$1,495-5.7%$1/sqft
Source: Owner Report a problem
9/14/2019	Listed for rent	$1,585$1/sqft
Source: Owner Report a problem
6/11/2004	Sold	$225,000$124/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,006 +17.4%	$486,700 +17.4%
2024	$6,817 +17.2%	$414,400 +23.8%
2023	$5,819 -3.4%	$334,800 +4.6%
2022	$6,026 +16.8%	$320,000 +29%
2021	$5,160 +11.5%	$248,100 +12.8%
2020	$4,630 +0.2%	$219,900 +0.3%
2019	$4,622	$219,200 +2.8%
2018	$4,622 +9.4%	$213,300 +3.8%
2017	$4,226 -0.5%	$205,400 +7%
2016	$4,248 -8%	$192,000 -0.3%
2015	$4,619 +2.2%	$192,500 -5.7%
2014	$4,519 +2.5%	$204,100
2012	$4,411 +0.2%	$204,100
2011	$4,401 +3.9%	$204,100 -13.7%
2010	$4,238 -3.1%	$236,600
2009	$4,374	$236,600 +112.6%
2008	--	$111,300
2007	--	$111,300
2006	--	$111,300
2005	--	$111,300
2003	--	$111,300
2002	--	$111,300
2001	--	$111,300