$1,200,000

Estimated payment $7,940/month

Total Views 13,203
6 Beds
7 Baths
5,695 Sq Ft
$211 Price per Sq Ft

Highlights

  • 2 Car Detached Garage
  • Oversized Parking
  • Central Air
  • Fireplace

About This Home

A unique investment opportunity with significant multi-family and residential development potential is now available in the Belford section of Middletown. Situated in an R7 zone where commercial use is permitted, this offering spans three contiguous parcels and includes a fully operational funeral home with an outstanding reputation for compassionate service in the community.The rear lot, measuring 100x100, is currently used for parking but may allow for the construction of one to two single-family homes, subject to township approvals. Additionally, there may be potential for the development of up to four new construction homes on the site, further enhancing the property's long-term value. The primary building offers over 5,000 square feet of space, including a basement and private owner's living quarters. A second structure provides more than 2,500 square feet of office space, complete with a separate apartment aboveoffering immediate residential or rental income possibilities. Oxford House use is permitted; please consult the attached township guidelines for details.The business is being sold separately and will require an independent valuation. Prospective buyers are responsible for performing all due diligence regarding zoning, development potential, and business operations.

Listing Agent

Isaac Nussbaum

Real Broker, LLC- Toms River License #1647137 Listed on: 06/09/2025

Co-Listing Agent

Margaret Cooper

Real Broker, LLC- Toms River License #1750809

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,567

Year Built

  • Built in 1910

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150
  • Subdivision Possible

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • Common or Shared Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5,695 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • Compton Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 32-00286-0000-00023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,567

Year Built

Built in 1910

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • ResoLotFeatures: Other, Subdividable
  • Co List Office Mls Id: 5126
  • Co List Office Phone: 732-341-2227
  • Subdivision Name: Compton Park
  • New Construction: No
  • Year Built: 1910
  • Contract Info New Construction: No
  • General Property Info Waterview: No
  • General Property Info Fireplace: Yes
  • General Property Info Basement: Yes
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Lot Dimensions: 50 x 150
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Water Heater Natural Gas2: Yes
  • Garage Oversized: Yes
  • Unit 1 Washer2: Yes
  • Unit 1 Dryer2: Yes
  • Roof:Shingle3: Yes
  • Special Features: None

Interior Features

  • Basement: Partially Finished, Full
  • Basement: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 4
  • Total Bedrooms: 6
  • Stories: 2
  • Full Basement: Yes
  • Basement:Partially Finished: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.17
  • Waterfront: No
  • Construction:Siding - Vinyl: Yes

Garage/Parking

  • Garage: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Paved, Common, Off Street, Detached, Oversized
  • General Property Info:Garage: Yes
  • ParkingOffStreet: Yes
  • Parking Features:Garage Detached: Yes
  • GarageParking:Common: Yes
  • Parking:Paved2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Lot Info

  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 32-00286-0000-00023
  • Zoning Description: Residential, Multi-Use, Mixed, Commercial

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 18567.0
  • Tax Other Annual Assessment Amount: 1128700.0

Multi Family

  • Number Of Units Total: 2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,567 $1,187,900 $327,800 $860,100
2024 $15,246 $1,128,700 $284,400 $844,300
2023 $15,246 $877,200 $219,700 $657,500
2022 $14,718 $819,100 $193,000 $626,100
2021 $14,718 $707,600 $150,700 $556,900
2020 $14,021 $655,800 $129,300 $526,500
2019 $13,785 $652,700 $129,300 $523,400
2018 $13,563 $625,900 $126,800 $499,100
2017 $13,204 $603,200 $119,300 $483,900
2016 $13,613 $638,800 $119,300 $519,500
2015 $14,061 $637,100 $119,300 $517,800
2014 $13,408 $592,500 $119,300 $473,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2025 06/09/25 For Sale $1,200,000 -- $211 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

Purchase History

Date Type Sale Price Title Company
Deed -- Access Nj Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $550,000 Commercial
Source: Public Records

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22517073

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 32-00286-0000-00023