Two-Unit Home with Detached
For Sale
$979,000
Pending
2477 Margaret St, Bellmore, NY 11710
Legal duplex with separate living arrangements, storage, fenced grounds, and substantial off-street parking.
Property Size2,339 SF
Lot Size0.14 Acres
Days on Market123
Property Features for 2477 Margaret St
General Information
Standard status
Pending
Size
2,339 SF
Lot size
0.14 Acres
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
could benefit from some updating
Units
Unit Mix
1 x 2BR/1.5BA, 1 x 3BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,062
Amenities
fireplace
attic storage
solar panels
Building Details
Buildings
1
Stories
2
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Maria Carrasquillo CBR
(516) 640-7905
Source:
Exprealty
Added: Jun 15
Changed: Oct 8
Last Checked: Oct 14 at 11:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty
Investment Insights
Based on property information with market context.
This legal two-family residence at 2477 Margaret Street in Bellmore, NY, contains approximately 2,339 square feet of living space across two distinct units. The first-floor residence includes two bedrooms, 1.5 baths, an open living and kitchen area, and a fireplace. The upper unit provides three bedrooms and one full bath. A full attic adds storage, while the detached two-car garage and extended driveway provide additional utility.
The home occupies a .14-acre fenced property and was built in 1951. Solar panels are leased and remain part of the property’s energy setup. The configuration offers separate household spaces within a single residential income property, with existing features that include a range of bedroom and bath layouts.
The home occupies a .14-acre fenced property and was built in 1951. Solar panels are leased and remain part of the property’s energy setup. The configuration offers separate household spaces within a single residential income property, with existing features that include a range of bedroom and bath layouts.
Key Highlights
- Legal two‑family property with 2 separate residential units
- Approximately 2,339 square feet of living space
- Unit mix includes 2 bedrooms and 1.5 baths downstairs; 3 bedrooms and 1 full bath upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,561
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$891,220
$891.2K
Cap Rate 7%
$636,586
$636.6K
Cap Rate 9%
$495,122
$495.1K
Market Conditions
NOI Build-Up for 2,339 SF
Gross rent
$67.4K $28.80/SF
− Vacancy
−$3.7K −$1.58/SF
EGI
$63.7K $27.22/SF
− OpEx
−$19.1K −$8.16/SF
NOI
$44.6K $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%
$891,220
Cap Rate 7%
$636,586
Cap Rate 9%
$495,122
Alternative Uses
Best Use
Multifamily LT 5
$636.6K
$557.0K – $742.7K
NOI $44,561 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$596.0K
$521.5K – $695.4K
NOI $41,722 @ 7.0% cap · market cap 4.26%
Theoretical Best
Specialty Retail
$1.55M
$1.35M – $1.80M
NOI $108,255 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
Explore this area
Business Placement
Demographics for 11710, NY
35,155
Population
11,717
Households
3
Avg Household Size
43
Median Age
54%
College-Educated
97%
High-School Grad
4.9 sq mi
ZIP Area
7,174
Density / Sq Mi
$173,136
Median Household Income
$76,812
Median Earnings
$2,495
Median Rent
$647,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Legal duplex with separate living arrangements, storage, fenced grounds, and substantial off-street parking.
Where is this duplex located?
The property is located at 2477 Margaret St Bellmore, NY.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: Legal two‑family property with 2 separate residential units; Approximately 2,339 square feet of living space; Unit mix includes 2 bedrooms and 1.5 baths downstairs; 3 bedrooms and 1 full bath upstairs
