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2 Beds
0 Baths
1,163 sqft

$814,500

248 Guy Lombardo Avenue, Freeport NY, 11520

Price per sqft$700.34
Built in1925
Property size1,163 sqft
Property typeMulti-family
Courtesy of Coldwell Banker American Homes, John C. Gandolfo Listing Contact: 516-223-2525

Overview

Active

Listed Nov 5, 2026

Updated 39 min ago

Welcome to this exceptional, legal two-family residence located on a prime, beautifully landscaped large corner lot (75' x 125') in the heart of Nassau County. Featuring a rental permit in place and a reliable, problem-free tenant already generating $1,700 per month under lease, this property represents an outstanding investment opportunity or an ideal mother-daughter setup with income potential. Property Highlights & Mechanicals Lot & Exterior: Expansive 75' x 125' corner lot with professional landscaping, a lawn sprinkler system, a 4-car concrete driveway, and a detached single-car garage with electricity. Additional exterior amenities include three outdoor water spigots (with hot water access), a storage shed with a newer roof, and a side entrance to the basement. Systems & Utilities: Powered by cost-efficient Freeport Electric with two separate electric meters, 200-amp service, and two separate gas meters. Equipped with independent gas heating, central station alarm, updated smoke and carbon monoxide detectors, and a 10-year-old roof. Basement: Full unfinished storage basement featuring a washer and dryer, hot water tank, and gas boiler. Apartment 1 A beautifully appointed main living space showcasing real hardwood floors, exquisite crown molding, and brand-new porcelain tile flooring. Layout: Primary bedroom, newly renovated full bath, spacious living room, dining room, kitchen, personal gym space, and a large windowed porch. Kitchen & Comfort: Outfitted with a new refrigerator, electric stove, and Energy Star appliances, complemented by generous closet space throughout. Apartment 2 Layout: Private bedroom, comfortable living room, kitchen, full bath, two spacious closets, and a pantry. Kitchen & Income: Features a large refrigerator, gas stove, and Energy Star appliances. Currently rented with a dependable tenant in place, generating $1,700 per month in rental income. Location & Convenience Ideally situated in Freeport School District (Elementary School District 009 / Archer Street School just two blocks away), this home offers incredible walkability. Enjoy being just minutes away from the famous Nautical Mile, local supermarkets, shopping, dining, and neighborhood parks. A rare find offering both charm and strong income generation in a prime South Shore location!

$5,419/mo

Est. mortgage payment based on a $814,500 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1069741

Interior Features

Bedrooms
2
Bathrooms
0
Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.2 Acres

Other Property Details

Taxes
$6,435
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No

Listings courtesy of OneKey MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Shlomo Meisels Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 4:28 AM UTC on 11/7/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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OneKey MLS. All rights reserved.

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