BEDS4
BATHS2 full
MLS#1005499
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLLawrence
Property Description
Prime Cedarhurst Legal 2-Family, Low Taxes, Not in Flood ZoneRare opportunity to own a legal 2-family home in the heart of prime Cedarhurst. Located on a desirable residential block and not in a flood zone, this property also benefits from low taxes, making it an exceptional value in today's market.Each apartment offers 2 bedrooms, 1 full bathroom, a comfortable living room, kitchen, and in-unit laundry, creating an ideal layout for both owner-occupants and tenants.Full height basement with exterior entrance.Perfect for: Investors seeking strong rental potential End users who want to live in one unit and rent the other Buyers looking to convert the home into a spacious single-family residenceEnjoy unbeatable convenience just moments from Central Avenue shopping, popular restaurants, houses of worship, the LIRR, and Cedarhurst Park, offering easy commuting and a vibrant neighborhood lifestyle.Versatile properties in this prime Five Towns location with low taxes and no flood zone designation rarely come to market. Don't miss this opportunity.A must see!
Property Features
Property Type: Multi Unit - Multiple
Basement: See Remarks
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Home Style: Colonial
Lot Size: 0.06 Acres
Taxes: $7,491
Year Built: 1908
Amenities
First Floor Bedroom
First Floor Full Bath
Ceiling Fan(s)
Granite Counters
Washer/Dryer Hookup
Feature Descriptions
Building Area Total: 1755
Exterior: Vinyl Siding
Flooring: Ceramic Tile, Hardwood
Laundry: Inside
Lot Dimensions: 26X106
On Market Date: 2026-05-27
Parcel Number: 2003-39-312-00-0009-0
Parking Features: Driveway
Rental Term: Monthly
Sewer: Public Sewer
Units: 2
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water: Public
Local Schools
High School: Lawrence Senior High School
Middle School: LAWRENCE MIDDLE SCHOOL AT BROADWAY CAMPUS
Elementary School: Lawrence Elementary School-Broadway
School District: Lawrence
Estimate Your Payment
Estimated Payment
$ 7,036.75 per month $6,062.80 Principal & Interest $624.25 Property Tax $349.71 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Pin It Realty LLC
Agency Contact: 718-207-6766
Shown By
Agent Name: Patricia Ahern
Agent Phone: (516) 365-5780
Agency Title: Coldwell Banker American Homes
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487 Fifth Avenue | MLS# 1005499
This multi-family property located at 487 Fifth Avenue , Cedarhurst, NY 11516 is currently listed for sale with an asking price of $1,199,000. Fifth Avenue is located within the Lawrence school district. Search Cedarhurst real estate on patriciaahern.cbamhomes.com today.