Recently Renovated Duplex with
121 W Chester Street Long Beach, NY 11561
121 W Chester Street, Long Beach, NY, 11561
$1,199,000
For Sale
$1,199,000
MULTI_FAMILY - Long Beach, NY
Property Size3,397 SF
Lot Size0.14 Acres
Price / SF$352.96
Days on Market132
Property Features for 121 W Chester Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 2, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 7, Bathroom 4, Bathroom 3, Bedroom 1
- Parking
- 5
- Parking features
- Driveway, Garage
- Interior features
- First Floor Bedroom, Open Floorplan
- Basement
- Full, Finished
- Standard status
- Active
- APN
- 1000-59-069-00-0065-0
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 17863
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Stucco
Listing Agency
Douglas Elliman Real Estate
(516) 432-3400
30a Park Ave, Huntington Station, NY
Listed by
Tamta Gigilashvili · License #10401363424
(646) 696-0309
Added: Mar 11 Updated: Jul 17 at 9:20 pm Checked: Jul 20 at 9:06 pm
MLS# 970196
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 121 W Chester Street in Long Beach, NY, this recently renovated duplex offers flexible living and income potential across three levels plus a fully finished basement. The first floor features 3 bedrooms and 2 full bathrooms, along with a spacious kitchen and living room, and provides access to the finished basement for additional usable space.
The second floor includes 2 bedrooms and 2 bathrooms and opens to a private balcony. An additional finished space on the third floor adds further versatility for a variety of tenant or owner-occupant needs. Outside, the property offers a large backyard, a garage, and a driveway with multiple parking spaces.
With its multi-level configuration, this home can support varied household sizes while maintaining clear separation of space by floor. The location is convenient to local shops, the LIRR train station, and the beach and boardwalk, making it practical for both tenants and end users seeking an established residential income property in Long Beach.
The second floor includes 2 bedrooms and 2 bathrooms and opens to a private balcony. An additional finished space on the third floor adds further versatility for a variety of tenant or owner-occupant needs. Outside, the property offers a large backyard, a garage, and a driveway with multiple parking spaces.
With its multi-level configuration, this home can support varied household sizes while maintaining clear separation of space by floor. The location is convenient to local shops, the LIRR train station, and the beach and boardwalk, making it practical for both tenants and end users seeking an established residential income property in Long Beach.
Key Highlights
- Income‑producing residential property with approx. 3,397 SF total living area, including basement and finished upper floors
- 6,000 SF (60 x 100) lot with large backyard, plus driveway and garage with multiple parking spaces
- First floor: approx. 1,234 SF with 3 bedrooms, 2 full bathrooms, spacious kitchen and living room; access to finished basement
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.8k | $28.80 |
| − Vacancy | −$5.4k | −$1.58 |
| EGI | $92.5k | $27.22 |
| − OpEx | −$27.7k | −$8.16 |
| NOI | $64.7k | $19.05 |
3,397 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$924.5K
$809.0K – $1.08M
NOI $64,717 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$865.6K
$757.4K – $1.01M
NOI $60,594 @ 7.0% cap · market cap 5.05%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.62M
NOI $157,222 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Income-producing duplex with finished basement and multiple bedroom layouts, plus off-street parking and a private balcony.
Where is this duplex located?
The property is located at 121 W Chester Street Long Beach, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Income‑producing residential property with approx. 3,397 SF total living area, including basement and finished upper floors; 6,000 SF (60 x 100) lot with large backyard, plus driveway and garage with multiple parking spaces; First floor: approx. 1,234 SF with 3 bedrooms, 2 full bathrooms, spacious kitchen and living room; access to finished basement
