Renovated Legal Two-Family
2 BIRCH RD. Malverne, NY 11565
2 BIRCH RD., Malverne, NY, 11565
$899,888
For Sale
$899,888
MULTI_FAMILY - MALVERNE, NY
Property Size1,796 SF
Lot Size0.15 Acres
Price / SF$501.05
Days on Market57
Property Features for 2 BIRCH RD.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
- Parking features
- Driveway
- Patio and Porch features
- Porch, Patio
- Fencing
- Fenced
- Fireplace
- 1
- Standard status
- Active
- Size
- 1,796 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8038
Utilities
- Heating system
- Radiant, Oil
- Water source
- Public
Building Details
- Year built
- 1932
- Floors in Building
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Masonite
- Roof type
- Asphalt
- Additional Structures
- Outbuilding
Listing Agency
LOMBARDO HOMES & ESTATES
(516) 200-6448
195 San Juan. Dr, LINDENHURST, NY
Listed by
Joseph Lombardo
(516) 200-6448
Added: May 23 Checked: Jul 18 at 6:06 pm
MLS# 11780782
Listing URL
Copyright © 2026 My State 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 newly renovated legal two-family home offers a total of 1,796 square feet with 3 bedrooms and 2 full baths shared across both units, plus a full, unfinished basement for storage. Both apartments include updated kitchens, freshly painted interiors, and refinished hardwood floors. A fireplace is featured in the living area, and the property also includes a 1.5-car garage. The exterior has been recently painted, and there is a private backyard.
Located in Malverne, the home sits on a quiet mid-block setting on a tree-lined street, with convenient access described to the LIRR, shops, restaurants, and parks.
The property is currently configured with one unit rented and the second unit available to be delivered vacant at closing, supporting flexible owner-occupant or rental use. Buyer agents should schedule showings via ShowingTime, or call ShowingTime if a showing account is not available. Per the listing remarks, the home also presents an assumable mortgage opportunity with an existing $350,000 mortgage at 2.8%, subject to lender approval.
Located in Malverne, the home sits on a quiet mid-block setting on a tree-lined street, with convenient access described to the LIRR, shops, restaurants, and parks.
The property is currently configured with one unit rented and the second unit available to be delivered vacant at closing, supporting flexible owner-occupant or rental use. Buyer agents should schedule showings via ShowingTime, or call ShowingTime if a showing account is not available. Per the listing remarks, the home also presents an assumable mortgage opportunity with an existing $350,000 mortgage at 2.8%, subject to lender approval.
Key Highlights
- Newly renovated legal two‑family home in the Village of Malverne built in 1932
- 1,796 SF home with 3 bedrooms and 2 full baths, plus full unfinished basement for storage
- 1.5‑car garage, driveway parking, and fenced property with porch and patio
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 - Newly renovated two-family residence with updated kitchens, refinished hardwood floors, and an unfinished basement for added storage.
Where is this duplex located?
The property is located at 2 BIRCH RD. 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 in the Village of Malverne built in 1932; 1,796 SF home with 3 bedrooms and 2 full baths, plus full unfinished basement for storage; 1.5‑car garage, driveway parking, and fenced property with porch and patio
