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221 Lincoln Avenue Mineola, NY 11501
$874,999
  • For Sale
  • 3 Bedrooms
  • 2 Full Baths
  • Year Built 1918
  • Multi Family
  • ML# 865021

Property Details

Overview

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.

Key Facts

  • Lot Size: 0.1148
  • Lot Sq Ft: 5000
  • Taxes: $8,651
  • Development: Presidential Streets/Village
  • School District: Jackson Avenue School

Additional Features

  • Construction Materials: Frame
  • Exterior Features: Garden
  • Interior Features: 
    First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Galley Type Kitchen, Natural Woodwork, Original Details, Storage
  • Garage: Yes
  • Garage: 1.5
  • Parking Spaces: Yes
  • Parking Spaces: 6
  • Parking Facilities: Driveway, Garage
  • Porch Description: Yes
  • Wood Floors: Yes

Rooms & Floor Plans

  • Bedroom: 3
  • Full Bath: 2

Interior & Utilities

  • Heat: Hot Water, Natural Gas
  • A/C: Multi Units
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $8,651
Listing Information provided courtesy of Goldilocks Real Estate  516-874-3033
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