Duplex with Detached
For Sale
$699,990
Pending
141 Elmwood Street, Valley Stream, NY 11581
Residential Income, Valley Stream, NY
Property Size1,519 SF
Lot Size0.12 Acres
Days on Market47
Property Features for 141 Elmwood Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Dining Room, Basement, Bedroom 3, Bathroom 2
Parking
2
Parking features
Driveway, Off Street, Garage
Interior features
First Floor Bedroom, First Floor Full Bath, Formal Dining
Basement
Storage Space, Partial, Partially Finished
Lot features
Sprinklers In Front
Elementary school
William L Buck School
Middle school
Valley Stream South High School
High school
Valley Stream South High School
Elementary school district
Valley Stream - 24
Middle school district
Valley Stream Central
High school district
Valley Stream Central
Standard status
Pending
APN
2035-39-397-00-0016-0
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12733
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1923
Number of units
2
Building materials
Frame
Listing Agency:
RE/MAX Southshore Realty · RE/MAX International
(718) 276-4848
Listed By:
Kenny Kamil Sattaur
(516) 987-1234
Added: Aug 21
Changed: Oct 5
Last Checked: Oct 6 at 1:06AM
MLS# 1041571
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 1923 frame duplex contains two apartments: a 2-bedroom unit above a 1-bedroom unit. The property offers 1,519 square feet of living space, with three bedrooms and two full bathrooms in total. A full, partially finished basement adds interior space, and a detached garage accommodates two cars. The lot measures 0.1217 acres and includes a yard sprinkler system.
The property is in the Incorporated Village of Valley Stream and the Valley Stream 24 School District. Public water and sewer are available, with natural gas service noted. Heating is natural gas; cooling is provided by window or wall/window units.
The property is in the Incorporated Village of Valley Stream and the Valley Stream 24 School District. Public water and sewer are available, with natural gas service noted. Heating is natural gas; cooling is provided by window or wall/window units.
Key Highlights
- Two apartments: a 2‑bedroom unit over a 1‑bedroom unit
- 1,519 square feet of living space with 3 bedrooms and 2 full bathrooms
- Detached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,939
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,780
$578.8K
Cap Rate 7%
$413,414
$413.4K
Cap Rate 9%
$321,544
$321.5K
Market Conditions
NOI Build-Up for 1,519 SF
Gross rent
$43.7K $28.80/SF
− Vacancy
−$2.4K −$1.58/SF
EGI
$41.3K $27.22/SF
− OpEx
−$12.4K −$8.16/SF
NOI
$28.9K $19.05/SF
Area
Nassau County, NY
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,780
Cap Rate 7%
$413,414
Cap Rate 9%
$321,544
Alternative Uses
Best Use
Multifamily LT 5
$413.4K
$361.7K – $482.3K
NOI $28,939 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$387.1K
$338.7K – $451.6K
NOI $27,095 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$1.00M
$878.8K – $1.17M
NOI $70,303 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 11581, NY
23,183
Population
7,423
Households
3.1
Avg Household Size
39
Median Age
48%
College-Educated
92%
High-School Grad
2.7 sq mi
ZIP Area
8,586
Density / Sq Mi
$138,821
Median Household Income
$61,079
Median Earnings
$2,198
Median Rent
$652,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A 2-bedroom apartment occupies the upper level above a separate 1-bedroom unit, alongside a partially finished basement.
Where is this duplex located?
The property is located at 141 Elmwood Street Valley Stream, NY.
What is the asking price?
The asking price for this property is $699,990.
What are key features of this property?
This property features: Two apartments: a 2‑bedroom unit over a 1‑bedroom unit; 1,519 square feet of living space with 3 bedrooms and 2 full bathrooms; Detached 2‑car garage
