Renovated Two-Family Home, Assumable
2 Birch Road Malverne, NY 11565
2 Birch Road, Malverne, NY, 11565
$899,888
Pending
For Sale
$899,888
Pending
MULTI_FAMILY - Malverne, NY
Property Size1,796 SF
Lot Size0.15 Acres
Days on Market58
Property Features for 2 Birch Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Basement, Bedroom 3, Bathroom 1, Bathroom 2
- Parking
- 8
- Parking features
- Driveway
- Window features
- ENERGY STAR Qualified WIndows
- Patio and Porch features
- Patio, Porch, Deck
- Interior features
- Washer/Dryer Hookup
- Fencing
- Fenced
- Fireplace
- 1
- Basement
- Full, Walk-Out Access
- Standard status
- Pending
- APN
- 2027-37-E-00-0101-0
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8038
Utilities
- Sewer type
- Public Sewer
- Heating system
- Energy Star Qualified Equipment (Heating)
- Cooling system
- ENERGY STAR Qualified Equipment
- Water source
- Public
Building Details
- Year built
- 1932
- Number of units
- 2
- Flooring type
- Tile - Ceramic, Hardwood
- Building materials
- Stucco
Listing Agency
Lombardo Homes & Estates
(516) 200-6448
195 San Juan Dr, NY
Listed by
Joseph V. Lombardo CBR
(516) 200-6448
Added: May 22 Checked: Jul 18 at 6:06 pm
MLS# 1003654
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.
This renovated 1,796 sq. ft. legal two-family home is located in the Village of Malverne. The property features 3 bedrooms and 2 full baths across both units, plus a full, unfinished basement for storage and a 1.5-car garage. Both units include updated kitchens, freshly painted interiors, and refinished hardwood floors. A fireplace adds warmth to the living space. The exterior has been recently painted. The property includes a private backyard and is situated on a quiet mid-block location on a tree-lined street. The upstairs unit is currently rented at $2,400 per month. The second unit can be rented for approximately $2,900 per month. The property can be delivered vacant at closing. The location offers a strong community feel with easy access to LIRR, shops, restaurants, and parks. A rare opportunity exists to assume an existing $350,000 mortgage at 2.8%. Qualified buyers can take advantage of this low-interest loan. This Malverne two-family home is suitable for investors seeking rental income or homeowners looking to offset their mortgage with rental income.
Key Highlights
- Newly renovated legal two‑family home with 1,796 sq. ft.; built in 1932
- 3 bedrooms and 2 full baths across both units; full unfinished basement for storage
- Upstairs unit currently rented for $2,400/month; second unit can be rented for approx. $2,900/month; can be delivered vacant at closing
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 | $51.7k | $28.80 |
| − Vacancy | −$2.8k | −$1.58 |
| EGI | $48.9k | $27.22 |
| − OpEx | −$14.7k | −$8.16 |
| NOI | $34.2k | $19.05 |
1,796 SF · lease $28.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$488.8K
$427.7K – $570.3K
NOI $34,216 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$457.7K
$400.5K – $533.9K
NOI $32,036 @ 7.0% cap · market cap 3.56%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,123 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Updated two-family home in Malverne with assumable 2.8% mortgage.
Where is this duplex located?
The property is located at 2 Birch Road Malverne, NY.
What is the asking price?
The asking price for this property is $899,888.
What are key features of this property?
This property features: Newly renovated legal two‑family home with 1,796 sq. ft.; built in 1932; 3 bedrooms and 2 full baths across both units; full unfinished basement for storage; Upstairs unit currently rented for $2,400/month; second unit can be rented for approx. $2,900/month; can be delivered vacant at closing
