Legal 2-Family
2477 Margaret Street, Bellmore, NY 11710
For Sale
$979,000
Pending
Residential Income, Bellmore, NY
Property Size2,339 SF
Lot Size0.14 Acres
Days on Market154
Property Features for 2477 Margaret Street
General Information
Property type
Property subtype
Bedrooms
Rooms
Parking
Parking features
Window features
Interior features
Fireplace
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
fenced property
fireplace
attic storage
solar panels
Building Details
Year built
Number of units
Flooring type
Building materials
Architectural style
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Maria Carrasquillo CBR
(516) 640-7905
Added: Jun 14
Changed: Nov 6
Last Checked: Nov 14 at 12:06AM
MLS# 1013325
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.
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Investment Insights
Based on property information with market context.
This legal 2-family duplex, built in 1951, contains approximately 2,339 square feet of living space on a 0.1423-acre fenced property. The first-floor residence includes two bedrooms, 1.5 baths, an open living and kitchen area, an eat-in kitchen, kitchen island, and fireplace. The upper unit provides three bedrooms, one full bath, and a functional living arrangement. A full attic adds storage, while the detached 2-car garage and driveway provide parking for 4+ cars. Solar panels are leased, and the home is serviced by public water and public sewer. Located at 2477 Margaret Street in Bellmore, the property also includes a basement, vinyl siding, combination flooring, oil heat, and wall/window cooling units.
Key Highlights
- Legal 2‑family property with approximately 2,339 square feet of living space
- 0.1423‑acre fenced property at 2477 Margaret Street, Bellmore, NY 11710
- First‑floor unit has 2 bedrooms, 1.5 baths, open living and kitchen areas, and a fireplace
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
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,357
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Duplexes in Nassau County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, with storage, garage parking, and a fenced lot.
Where is this duplex located?
The property is located at 2477 Margaret Street 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 2‑family property with approximately 2,339 square feet of living space; 0.1423‑acre fenced property at 2477 Margaret Street, Bellmore, NY 11710; First‑floor unit has 2 bedrooms, 1.5 baths, open living and kitchen areas, and a fireplace
