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.
Listed by Sandi M. Polinsky CBR
·
Goldilocks Real Estate
·
516-874-3033
Last updated August 22, 2025
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Source: OneKey #865021
Listing Facts
TypeMulti-family
NeighborhoodNorth Hempstead
Bedrooms3
Bathrooms2
Days on Prevu151
Taxes$8,651.05/year
Amenities
Private Outdoor Space
Parking
Location
Mortgage Calculator
Listing History
08/22/2025
Price Decreased
$874,999
07/17/2025
Price Decreased
$898,888
06/23/2025
Price Decreased
$899,000
05/27/2025
Status changed to Active
$924,999
05/27/2025
Listed by Goldilocks Real Estate
$924,999
Property Details for 221 Lincoln Avenue
Exterior
Construction
Number Of Units Total: 2
Property Condition: Actual, Estimated
Year Built: 1918
Construction Materials: Frame
Exterior Features: Garden
Features
Direction Faces: North
Patio And Porch Features: Porch
Measurements
Building Area Total: 1,174
Building Area Units: Square Feet
Lot Features: Back Yard, Cleared, Front Yard, Level, Near Public Transit, Near School, Near Shops, Paved
Lot Size Acres: 0.11
Lot Size Dimensions: 50,100
Lot Size Square Feet: 5,000
Financial
Residential Income
Gross Income: $43,200.00
Taxes
Parcel Number: 2223-09-401-00-0448-0
Tax Annual Amount: $8,651.05
Tax Assessed Value: $520.00
Tax Year: 2023
Interior
Features
Flooring: Combination, Hardwood, Tile, Vinyl
Interior Features: First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Galley Type Kitchen, Natural Woodwork, Original Details, Storage
Rooms
Basement: Full, Storage Space, Walk-Out Access
Has Basement: Yes
Bathrooms Full: 2
Bathrooms Total Integer: 2
Bedrooms Total: 3
Other
General
Exclusions: Seller will have the first floor delivered vacant at closing if potential purchaser would like that.
Location
Subdivision Name: Presidential Streets/Village
Parking
Parking
Garage Spaces: 1
Garage: Yes
Parking Features: Driveway, Garage
Parking Total: 6
Schools
Elementary School
Elementary School: Jackson Avenue School
Elementary School District: Mineola
High School
High School: Mineola High School
High School District: Mineola
Middle or Junior School
Middle Or Junior School: Mineola Middle School
Middle Or Junior School District: Mineola
Utilities
Equipment
Cooling: Multi Units
Heating: Hot Water, Natural Gas
Laundry Features: In Basement
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water Source: Public
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