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    Two Homes, Expansive Corner Lot Title is generated by Realmo AI

    815 Walton Road, Broad Channel, NY 11693

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    Claim this Listing
    Pending
    $560,000

    MULTI_FAMILY - Broad Channel, NY

    Property size:
    1,216 SF
    Lot size:
    0.14 Acres
    Added:
    Sep 8, 2025
    Days on Market:
    297
    Last Refresh:
    Jul 1 at 5:06 pm

    Property Features for 815 Walton Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    1
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3
    Interior features
    Eat-in Kitchen
    Standard status
    Pending
    APN
    15462-0025
    Size
    1,216 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3523

    Utilities

    Utilities
    Electricity Available
    Heating system
    Oil
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Vinyl Siding

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    Contact an agent
    Janet L. Redmond-Kennedy

    Listing agent Janet L. Redmond-Kennedy

    Listing office EXP Realty 300 Cadman Plaza 12th Floor, Hauppauge, NY

    Listing date Sep 8, 2025

    MLS# 910803 Listing URL

    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.

    HighLights

    • Corner lot with two separate homes, sold AS IS, with detached garage
    • Main house has approx. 1,216 sq ft, 3 bedrooms, and 1.5 bathrooms with eat‑in kitchen
    • Second home has approx. 705 sq ft and is set up for guest, extended‑family use, or rental after rehab
    • Second home updates include new electrical service with separate meter and newly installed main sewer line
    • Partial framing plus plumbing lines installed for the kitchen and bathroom in the second home
    • Oil heating; public water and electricity available

    Overview

    This versatile corner property features two separate homes, offering exceptional value and tremendous upside. The main house provides approximately 1,216 square feet of living space, including three bedrooms and 1.5 bathrooms, with partial water views from the second floor. The secondary house, ideal for guests, extended family, or rental income after rehab, includes approximately 705 square feet of living space. It has new electrical service with a separate meter and a newly installed main sewer line and is partially framed with plumbing lines installed for the kitchen and bathroom. A detached garage is also located on the property. This is a rare opportunity to own two houses on one expansive lot, sold AS IS. Both offer enormous potential to live in one while renovating the other, create an income stream, or redevelop the parcel, subject to local zoning. The property includes mature trees and ample yard space with endless possibilities on a 0.1435-acre lot.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $56.2k $46.20
    − Vacancy −$2.1k −$1.76
    EGI $54.0k $44.44
    − OpEx −$24.3k −$20.00
    NOI $29.7k $24.44
    1,216 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $424.6K
    $371.6K – $495.4K (±1% cap)
    NOI $29,724 @ 7.0% cap · market cap 5.31%
    Second Best
    Multifamily LT 5
    $287.5K
    $251.6K – $335.5K (±1% cap)
    NOI $20,127 @ 7.0% cap · market cap 3.59%
    Theoretical Best
    Office A
    $896.4K
    $784.4K – $1.05M (±1% cap)
    NOI $62,751 @ 7.0% cap · market cap 11.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Building Supply Daycare Center Auto Repair Shop Kitchen & Bath Showroom Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Broad Channel
    County
    Queens
    State
    New York
    Longitude
    -73.817255
    Latitude
    40.606621

    FAQs

    What type of property is this?
    Duplex - Two houses on one lot with income potential.
    Where is this duplex located?
    The property is located at 815 Walton Road Broad Channel, NY.
    What is the asking price?
    The asking price for this property is $560,000.
    What are key features of this property?
    This property features: Corner lot with two separate homes, sold AS IS, with detached garage; Main house has approx. 1,216 sq ft, 3 bedrooms, and 1.5 bathrooms with eat‑in kitchen; Second home has approx. 705 sq ft and is set up for guest, extended‑family use, or rental after rehab
    More about this property
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