Prime Two-Family Investment in Mineola’s Presidential Section
This legal two-family home combines location, income stability, and long-term growth potential — making it an exceptional choice for investors, 1031 exchange buyers, multi-generational households, or owner-occupants. Situated just minutes from the LIRR, NYU Langone Hospital, shopping, dining, and major highways, it offers both convenience and strong rental demand.
Currently occupied by two reliable tenants with a 100% on-time payment history, the property generates steady income from day one. For buyers seeking flexibility, the seller will deliver the first-floor unit vacant at closing if preferred — ideal for immediate occupancy, securing a new tenant at market rent, or creating an owner-occupied investment.
Features include:
1.5-car detached garage and ample driveway parking
Gas heating and cooking
Spacious layouts in both units
Being sold as-is — ready for your personal upgrades or rental optimization
Whether you’re completing a 1031 exchange or expanding your portfolio, this property offers immediate cash flow, strong appreciation potential, and tax advantages.
For sale
Price cut: $112 (7/17)
$898,888
221 Lincoln Avenue, Mineola, NY 11501
3beds
1,174sqft
Duplex, Multi Family
Built in 1918
-- sqft lot
$-- Zestimate®
$766/sqft
$-- HOA
What's special
- 84 days
- on Zillow |
- 1,188 |
- 27 |
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