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Duplex with Finished Basement
For Sale
$799,000
Pending

46 E Melrose Street, Valley Stream, NY 11580

Residential Income, Valley Stream, NY

Property SizeContact for details
Lot Size0.09 Acres
Days on Market47

Property Features for 46 E Melrose Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Basement, Dining Room, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
Parking features Driveway
Patio and Porch features Deck, Porch
Interior features Eat-in Kitchen, Entrance Foyer, Formal Dining, Washer/Dryer Hookup
Basement Finished, Full
Lot features Back Yard, Front Yard, Landscaped, Near Public Transit, Near School, Near Shops
Elementary school Wheeler Avenue School
Middle school Valley Stream South High School
High school Valley Stream Central High School
Elementary school district Valley Stream - 13
Middle school district Valley Stream Central
High school district Valley Stream Central
Directions GPS
Standard status Pending
APN 2035-37-097-00-0014-0
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 9603

Utilities

Utilities Electricity Available
Sewer type Public Sewer
Heating system Oil
Cooling system Multi Units
Water source Public

Building Details

Year built 1925
Number of units 2
Flooring type Hardwood
Building materials Brick, Frame
Architectural style Colonial
Listing Agency: RE/MAX 2000 · RE/MAX International
Listed By: Geetanjali Cheta · License #10401303652
Added: Jul 8 Changed: Aug 20 Last Checked: Aug 23 at 9:06PM
MLS# 1022262

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 legal two-family Colonial residence at 46 E Melrose Street offers a multi-level layout with finished basement and attic areas. Built in 1925, the property combines brick and frame construction with hardwood flooring, an eat-in kitchen, formal dining room, entrance foyer, two bathrooms, and washer/dryer hookups. A private driveway, detached garage, deck, and porch provide additional functionality. The lot encompasses 0.0918 acres.

The property is served by public water and public sewer, with electricity available. Heating is oil-based, and cooling is provided by multiple units. Shopping, parks, major roadways, and transportation options, including the LIRR, are located nearby. The Valley Stream setting is within Nassau County and the 11580 postal area.

Key Highlights

  • Legal two‑family home with finished basement and finished attic
  • 0.0918‑acre lot at 46 E Melrose Street, Valley Stream, NY 11580
  • Private driveway and detached garage

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Hotel & Motel Catering Service (Bike/Boat/Book/etc) Store Butcher Supermarket Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

2,523
Businesses Nearby

Demographics for 11580, NY

43,026
Population
13,582
Households
3.2
Avg Household Size
41
Median Age
38%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
11,032
Density / Sq Mi
$135,385
Median Household Income
$56,417
Median Earnings
$1,852
Median Rent
$602,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Legal two-family residence with finished attic space, private driveway, and detached garage.
Where is this duplex located?
The property is located at 46 E Melrose Street Valley Stream, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Legal two‑family home with finished basement and finished attic; 0.0918‑acre lot at 46 E Melrose Street, Valley Stream, NY 11580; Private driveway and detached garage
More about this property
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