20 E Pine Street, Long Beach, NY 11561
Nassau County
Key Facts
Description
Don't miss this exceptional opportunity to own a **legal two-family** home in the heart of Long Beach. This well-maintained, **income-producing property** is being sold **with paying tenants in place**, making it an ideal investment for buyers seeking immediate cash flow. The property currently generates **$5,400 per month in gross rental income ($64,800 annually)**. The first-floor unit is occupied with a lease in place through **October 31, 2026**. The second-floor unit is also occupied on a **month-to-month tenancy**. Each spacious unit features **3 bedrooms, 1.5 bathrooms**, generously sized rooms, and excellent closet and storage space. Additional highlights include a **two-car garage**, a **basement with bonus space** with separate entrance, and a location just **minutes from the beach**, shopping, restaurants, parks, bars, and public transportation. The home is in **excellent condition** with **multiple important updates**, including the **roof, windows, boiler, and hot water heater**, all completed approximately **10–15 years ago**. A **new rear deck** provides additional outdoor living space and enhances the property's appeal. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this legal two-family offers strong rental income, valuable updates, and an unbeatable Long Beach location. Don't miss this excellent investment opportunity!
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Year Built
1988
Living Area
2,304 sq ft
Lot Size
0.11 acres
Garage Spaces
2
Days on Market
6
MLS® Listing#
1025115
Property Features
Interior
Cooling
Heating
Basement
Parking
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Lindell Boulevard School
- Middle:
- Long Beach Middle School
- High:
- Long Beach High School
Financial Details
Annual Taxes
$12,981
Assessed Value
$476
Parcel Number
1000-59-092-00-0060-0
Affordability Calculator
$184,000
Estimated monthly payment
$4,897/mo
Principal $735,999 · Est. interest $1,026,784 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Long Beach, NY
- $896,721
- Median Listing Price
- 73
- Median Days on Market
- 1,450
- Median Sq Ft
- $595
- Median Price / Sq Ft
- 563
- Active Listings
- This home’s price is 3% above the area median.
- Its price per sq ft is 33% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Long Beach, NY.
Location
Points of Interest in Long Beach, NY
Showing the Long Beach area map.
Nearby Schools
Our Little Learning Environment
School · 0.3 mi away
Harriet Eisman Community School
School · 0.3 mi away
Torah High School of Long Beach
Secondary · 0.5 mi away
Francis X Hegarty Elementary School
Elementary · 0.7 mi away
Island Park Public Schools
School · 0.7 mi away
East Elementary School
Elementary · 0.9 mi away
Lindell Elementary School
Elementary · 1.0 mi away
Hebrew Academy of Long Beach
School · 1.0 mi away
Little Seashell Nursery
School · 1.0 mi away
Long Beach Catholic Regional School
School · 1.3 mi away
Island Park Lincoln Orens Middle School
Secondary · 1.3 mi away
Long Beach High School
Secondary · 1.5 mi away
Long Beach Middle School
Secondary · 1.7 mi away
Lido Elementary School
Elementary · 1.7 mi away
West Elementary School
Elementary · 1.8 mi away
Boardman Elementary School
Elementary · 2.7 mi away
Oceanside Middle School
Secondary · 2.8 mi away
School 8
Elementary · 2.9 mi away
School 4
Elementary · 3.1 mi away
Rhame Avenue Elementary School
Elementary · 3.2 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 15330 State Highway 97, Long Eddy, NY | $649,900 | 7 | 5 | 3,848 |
| 10 Sunnyside Drive, Sound Beach, NY | $655,000 | 5 | 4 | 3,276 |
| 303 Beach 84th Street, Rockaway Beach, NY | $675,000 | 5 | 2 | 1,882 |
| 12 Railroad Street, Long Eddy, NY | $679,000 | 6 | 3 | 2,674 |
| 10216 164th Road, Howard Beach, NY | $679,000 | 5 | 2 | 1,654 |
| 36 Sayville Road, Sound Beach, NY | $679,999 | 7 | 4 | 3,225 |
Moving Cost Estimate
EXIT Agents in Long Beach
Listing Courtesy: Fave Realty Inc - 5165198049
Presented by: Andrew Panton
Fair Housing Notice