2-Unit
New
For Sale
$699,999
36 Gordon Road, Valley Stream, NY 11581
Residential Income, Valley Stream, NY
Property Size1,932 SF
Lot Size0.09 Acres
Price / SF$362.32
Days on Market7
Property Features for 36 Gordon Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement, Dining Room
Parking features
Driveway, On Street
Interior features
First Floor Bedroom, First Floor Full Bath, Entrance Foyer, Formal Dining
Elementary school
William L Buck School
Middle school
Valley Stream South High School
High school
Valley Stream Central High School
Elementary school district
Valley Stream - 24
Middle school district
Valley Stream Central
High school district
Valley Stream Central
Standard status
Active
APN
2035-39-051-00-0022-0
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11473
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Central Air
Water source
Public
Building Details
Year built
1929
Number of units
2
Building materials
Brick, Vinyl Siding
Listing Agency:
Axen Realty LLC
(610) 395-3334
Listed By:
Tiffanie R. Bailey Romey C2EX
(718) 753-3911
Added: Oct 8
Changed: Oct 12
Last Checked: Oct 14 at 12:06AM
MLS# 1060706
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 two-unit duplex at 36 Gordon Road contains 1,932 square feet of interior living area on a 4,000-square-foot lot. The property was built in 1929 and includes a combined five bedrooms and three full bathrooms. Interior features include hardwood and tile flooring, a formal dining room, and an entrance foyer. Both units have central air conditioning and are equipped with refrigerators, ranges, microwaves, dishwashers, washers, and dryers.
Brick and vinyl siding are among the building’s exterior materials. The property also has a detached garage, driveway parking, and access to public water and sewer. Located in Valley Stream, the duplex is classified as a two-unit property; no additional land-use designation is specified in the provided facts.
Brick and vinyl siding are among the building’s exterior materials. The property also has a detached garage, driveway parking, and access to public water and sewer. Located in Valley Stream, the duplex is classified as a two-unit property; no additional land-use designation is specified in the provided facts.
Key Highlights
- Two independent units with a combined 5 bedrooms and 3 full bathrooms
- 1,932 square feet of interior living area
- 4,000‑square‑foot lot; listed lot area is 0.0918 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,807
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,140
$736.1K
Cap Rate 7%
$525,814
$525.8K
Cap Rate 9%
$408,967
$409.0K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$55.6K $28.80/SF
− Vacancy
−$3.1K −$1.58/SF
EGI
$52.6K $27.22/SF
− OpEx
−$15.8K −$8.16/SF
NOI
$36.8K $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%
$736,140
Cap Rate 7%
$525,814
Cap Rate 9%
$408,967
Alternative Uses
Best Use
Multifamily LT 5
$525.8K
$460.1K – $613.5K
NOI $36,807 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$492.3K
$430.8K – $574.4K
NOI $34,462 @ 7.0% cap · market cap 4.92%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,418 @ 7.0% cap · market cap 12.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,607
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
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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 - Two separate residences offer central air conditioning, full kitchens, and in-unit laundry appliances.
Where is this duplex located?
The property is located at 36 Gordon Road Valley Stream, NY.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Two independent units with a combined 5 bedrooms and 3 full bathrooms; 1,932 square feet of interior living area; 4,000‑square‑foot lot; listed lot area is 0.0918 acres
