Property summary
This exceptional 15-unit apartment building presents a compelling investment opportunity in the thriving Mineola, New York market. Located at 203 Willis Avenue, this three-story building, constructed in 1931, offers a blend of classic charm and modern convenience. The property is currently fully occupied, generating consistent rental income. The building features a desirable mix of apartment units, all within a well-maintained structure. A ground floor common area provides added convenience for residents, while a rear garden offers a tranquil outdoor space. Its prime location in Mineola ensures easy access to schools, public transportation, and municipal parking, enhancing its appeal to tenants. The asking price for this multifamily property is $3,400,000. This represents a significant opportunity to acquire a stable, income-producing asset in a highly sought-after Nassau County location, within the 11501 zip code. The building's strong occupancy rate and convenient amenities make it an attractive investment for both seasoned and aspiring real estate investors. This property is situated at 40.7461608 latitude and -73.6396475 longitude.
Property profile
VerifiedCap rate & NOI
Current use
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Roofing Company General Contractor
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Marketing & Advertising (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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