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$1,265,000
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Property Description
Prime Cedarhurst Legal 2-Family, Low Taxes, Not in Flood Zone Rare opportunity to own a legal 2-family home in the heart of prime Cedarhurst. Located on a desirable residential block and not in a flood zone, this property also benefits from low taxes, making it an exceptional value in today's market. Each apartment offers 2 bedrooms, 1 full bathroom, a comfortable living room, kitchen, and in-unit laundry, creating an ideal layout for both owner-occupants and tenants. Full height basement with exterior entrance. Perfect for: "¢ Investors seeking strong rental potential "¢ End users who want to live in one unit and rent the other "¢ Buyers looking to convert the home into a spacious single-family residence Enjoy unbeatable convenience just moments from Central Avenue shopping, popular restaurants, houses of worship, the LIRR, and Cedarhurst Park, offering easy commuting and a vibrant neighborhood lifestyle. Versatile properties in this prime Five Towns location with low taxes and no flood zone designation rarely come to market. Don't miss this opportunity. A must see!
Full Property Details
Full Property Details for 487 5th Ave
General
- Price: $1,265,000
- Taxes: $7,491
- Status: Active
- Type: Single Family
- Source: Long_Island
- MLS ID: 967769
- Updated: 3/25/2026
- Added to Site: 28 day(s) ago
Interior
- Number of Rooms: 8
- Interior Features: First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Granite Counters, Washer/Dryer Hookup
- Appliances: Dishwasher, Dryer, Oven, Refrigerator, Washer, Gas Water Heater
- Laundry Facilities: Yes
- Flooring: Ceramic Tile, Hardwood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Inside
Parking
- Parking Features: Driveway
Location
- County: Nassau County
- Cross Streets: Clinton Ave
- Driving Directions: gps
School Information
- High School District: Lawrence
- Elementary School: Lawrence Elementary School-Broadway
- Middle School: LAWRENCE MIDDLE SCHOOL AT BROADWAY CAMPUS
- High School: Lawrence Senior High School
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Structural Information
- Architectural Style: Colonial
- Detached/Attached: Detached
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: See Remarks
- Building Size: 1755
- Square Feet: 1,755
- Sq. Ft. Source: Public Records
- Year Built: 1908
Lot Features
- Lot Size (Acres): 0.0627
- Lot Size (Sq. Ft.): 2,730
- Lot Dimensions: 26 x 106
Financial Considerations
- Tax Amount: $7,491.23
Disclosures and Reports
- Special Conditions: None
- Property ID: 2003-39-312-00-0009-0
Listed by Pin It Realty LLC
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Schools
Schools serving 487 5th Ave
School District:Lawrence Union Free School District
| Name | Grades | Distance |
|---|---|---|
Lawrence Early Childhood Center at #4 School 87 Wanser Avenue, Inwood, NY 11096 | PK-K | 0.9 mi |
Lawrence Elementary School at Broadway Campus 195 Broadway, Lawrence, NY 11559 | 4-6 | 1.1 mi |
Lawrence Primary School at #2 School 1 Donahue Avenue, Inwood, NY 11096 | 1-3 | 1.2 mi |
Lawrence Middle School, Lawrence, NY 195 Broadway, Lawrence, NY 11559 | 7-8 | 1.1 mi |
Lawrence Senior High School 2 Reilly Road, Cedarhurst, NY 11516 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 487 5th Ave
Date
Details
Price
Change
Source
3/05/2026
Listed
$1,265,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 487 5th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,503
185%
$534
-5%
2024
$2,637
-61%
$561
5%
2023
$6,766
-3%
$535
-5%
2022
$7,005
9%
$561
3%
2021
$6,400
11%
$544
-4%
2020
$5,759
-3%
$565
-13%
2018
$5,932
3%
$646
7%
2019
$5,759
-6%
$605
-12%
2016
$6,157
—
$686
-6%
2016
$6,157
-3%
$726
-16%
2016
$6,377
-7%
$868
10%
2014
$6,833
—
$792
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 487 5th Ave
487 5th Avenue, Cedarhurst, NY 11516 (MLS# 967769) is a Single Family property with 4 bedrooms and 2 full bathrooms. 487 5th Avenue is currently listed for $1,265,000 and was received on March 05, 2026. Want to learn more about 487 5th Avenue? Do you have questions about finding other Single Family real estate for sale in Cedarhurst? You can browse all Cedarhurst real estate or contact a Coldwell Banker agent to request more information.
