221 Lincoln Avenue, Mineola, NY, 11501
$874,999
Multi Family
For Sale
3 Beds
, 2 Full Bath
Details
ML#: 865021
- # of Families: 2
- Year Built: 1918
- Taxes: $8,651
- Status:Active
Description
Prime Two-Family Investment in Mineola’s Presidential SectionThis legal two-family home combines location, income stability, and long-term growth potential — making it an exceptional choice for investors, 1031 exchange buyers, multi-generational households, or owner-occupants. Situated just minutes from the LIRR, NYU Langone Hospital, shopping, dining, and major highways, it offers both convenience and strong rental demand.Currently occupied by two reliable tenants with a 100% on-time payment history, the property generates steady income from day one. For buyers seeking flexibility, the seller will deliver the first-floor unit vacant at closing if preferred — ideal for immediate occupancy, securing a new tenant at market rent, or creating an owner-occupied investment.Features include:1.5-car detached garage and ample driveway parkingGas heating and cookingSpacious layouts in both unitsBeing sold as-is — ready for your personal upgrades or rental optimizationWhether you’re completing a 1031 exchange or expanding your portfolio, this property offers immediate cash flow, strong appreciation potential, and tax advantages.
More Property Details
Bedroom: 3
Full Bath: 2
ConstructionMaterials: Garden
Lot Size: 0.1148
Lot Sq Ft: 5000
Garage: Yes
Garage: 1.5
Parking Spaces: Yes
Parking Spaces: 6
Parking Facilities: Driveway, Garage
Porch Description: Yes
Heat: Hot Water, Natural Gas
A/C: Multi Units
Water: Public
Sewer: Public Sewer
Taxes: $8,651
School District: Jackson Avenue School
Listing Information provided courtesy of
Goldilocks Real Estate
516-874-3033