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1986 Oakwood Avenue

Merrick, NY 11566
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Bed 6

Bed

Bath 2

Bath

Acres0.15

Acre(Lot)

Welcome to 1986 Oakwood Avenue! This spacious Legal 2-Family property presents an exceptional opportunity for investors and owner-occupants alike, offering 2,276 square feet of living space (excluding the basement) and an impressive $6,200 monthly rent roll! Each of the two units features a generous 3-bedroom, 1-bathroom layout, with the first-floor unit having undergone renovations within the last few years. The property also boasts a full finished basement with a separate outside entrance, providing additional versatile space. Numerous updates and features add to the property's appeal, including all-new windows installed by Power Home Remodeling in 2019, backed by a transferable lifetime warranty (subject to warranty terms), and two newer hot water heaters, approximately 5 years and 1 y ear old. The property features natural gas, separate gas heating systems for the first and second floors, and electric heat in the basement. Utilities include three electric meters, two gas meters, and one water meter, offering added convenience for a multi-family property. A detached two-car garage and ample additional parking further enhance the property's functionality. An especially noteworthy feature is the property's potential tax savings opportunity. The home has Certificates of Occupancy confirming its legal two-family status but is currently assessed and taxed as a three-family property. The taxes have not previously been grieved, presenting a potential opportunity for a reduction through the tax grievance process. Buyers are encouraged to conduct their own due diligence regarding the property's assessment, classification, and potential tax savings. Location is another major highlight! Situated within the highly regarded school district serving Merrick Avenue Middle School and Calhoun High School, this property is conveniently located within walking distance of the LIRR train station and the vibrant Merrick Avenue corridor. Enjoy easy access to an abundance of restaurants, bars, cafes, shopping, and everyday conveniences, along with nearby major parkways and transportation options. Whether you're an investor seeking an income-producing property with an established rent roll, an owner-occupant looking to offset expenses with rental income, or a buyer exploring multi-generational living, 1986 Oakwood Avenue offers a compelling combination of space, income potential, location, and long-term value. Don't miss this opportunity to own a legal two-family property in the heart of Merrick! Property is selling occupied with paying tenants.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,049,999

AD Id : 91776587

MLS Id : 1060673

Beds : 6

Lot Size : 0.15 Acre

Tax Amount : $23,961.22

Year Built : 1983

Garage : 2

County : Nassau

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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 2 Full Baths: 2

    Room Information

    Basement: Finished, Full, Walk-Out Access
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1983 Building Area Total: 2272 Construction Materials: Frame Private Pool: No

  • Lot Information

    Lot Size Acres: 0.1506 Lot Size Square Feet: 6560

  • Listing Price Information

    Listing Price: $1049999

  • Tax Information

    Parcel Number: 2089-55-128-00-0334-0 Annual Tax: $23961.22

  • Parking Information

    Detached, Driveway, Off Street

    Garage Information

    Has Garage: Yes Garage Space: 2

  • School Information

    Elementary School: Chatterton School
    Junior High School: Merrick Avenue Middle School
    Senior High School: Sanford H Calhoun High School
  • Utility Information

    Natural Gas Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Location Information

    WaterSource: Public, Private
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 10/10/2026 @ 05:52

MLS: 1060673 LISTED BY: Stephen Zappalla, Keller Williams Realty Elite 516-795-6900 SOURCE: OneKey MLS

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