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$1,050,000
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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
- Sold For: $1,050,000
- Taxes: $7,491
- Status: Closed
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 1005499
- Added to Site: 92 day(s) ago
Interior
- Interior Features: First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Granite Counters, Washer/Dryer Hookup
- 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
- 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 and Sold 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
7/10/2026
Sold
$1,050,000
-12.43%
MLS
5/27/2026
Listed
$1,199,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
487 5th Avenue, Cedarhurst, NY 11516 (MLS# 1005499) is a Multi-Family property that was sold at $1,050,000 on July 10, 2026. Want to learn more about 487 5th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Cedarhurst? You can browse all Cedarhurst real estate or contact a Coldwell Banker agent to request more information.
