248 Guy Lombardo Avenue
Freeport, NY, 11520 $ 814,500
Bedrooms2 Baths0.0 Sq 1,163 Monthly Estimate*
$ 5,626
for $814,500 with 2 bedrooms. This 1,163 square foot home was built in 1925 on a lot size of 0.1961.
Welcome to this exceptional, legal two-family residence located on a prime, beautifully landscaped large corner lot (75' x 125') in the heart of Nassau County. Featuring a rental permit in place and a reliable, problem-free tenant already generating $1,700 per month under lease, this property represents an outstanding investment opportunity or an ideal mother-daughter setup with income potential. Property Highlights & Mechanicals Lot & Exterior: Expansive 75' x 125' corner lot with professional landscaping, a lawn sprinkler system, a 4-car concrete driveway, and a detached single-car garage with electricity. Additional exterior amenities include three outdoor water spigots (with hot water access), a storage shed with a newer roof, and a side entrance to the basement. Systems & Utilities: Powered by cost-efficient Freeport Electric with two separate electric meters, 200-amp service, and two separate gas meters. Equipped with independent gas heating, central station alarm, updated smoke and carbon monoxide detectors, and a 10-year-old roof. Basement: Full unfinished storage basement featuring a washer and dryer, hot water tank, and gas boiler. Apartment 1 A beautifully appointed main living space showcasing real hardwood floors, exquisite crown molding, and brand-new porcelain tile flooring. Layout: Primary bedroom, newly renovated full bath, spacious living room, dining room, kitchen, personal gym space, and a large windowed porch. Kitchen & Comfort: Outfitted with a new refrigerator, electric stove, and Energy Star appliances, complemented by generous closet space throughout. Apartment 2 Layout: Private bedroom, comfortable living room, kitchen, full bath, two spacious closets, and a pantry. Kitchen & Income: Features a large refrigerator, gas stove, and Energy Star appliances. Currently rented with a dependable tenant in place, generating $1,700 per month in rental income. Location & Convenience Ideally situated in Freeport School District (Elementary School District 009 / Archer Street School just two blocks away), this home offers incredible walkability. Enjoy being just minutes away from the famous Nautical Mile, local supermarkets, shopping, dining, and neighborhood parks. A rare find offering both charm and strong income generation in a prime South Shore location!
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FeaturesInteriorInterior Amenities First Floor Bedroom First Floor Full Bath Eat-in Kitchen
Basement Unfinished
Flooring Hardwood
Total Fireplaces 1
Basement Features Unfinished
Basement (Y/N) Y
Fireplace Y/N Y
Total Bedrooms 2
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GeneralSewer Public Sewer
Heating Natural Gas
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Sewer Connected Trash Collection Public Water Connected
Garage Spaces 1
Construction Materials Frame Vinyl Siding
Year Built 1925
Property Subtype Duplex
Tax Year 2025
Parcel Number 2009-62-111-00-0010-0
County Nassau County
Property Type Residential Income
Garage Y/N Y
Full Baths 0
Directions Atlantic Ave Tio Guy Lombardo to Archer
High School Freeport High School
City Hempstead
Senior Community Y/N N
High School District Freeport
Number Of Units Total 2
Carport Y/N N
Elementary School Archer Street School
Property Attached Y/N N
Tax Annual Amount 6435.28
Middle/Junior High School John W Dodd Middle School
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Freeport
Elementary School District Freeport
Tax Assessed Value 304
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ExteriorParking Features Driveway Garage Driveway Garage
Water Source Public
Building Area Total 1163
Waterfront Y/N N
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* Excluded FeaturesList ByJohn C. GandolfoListing Agent
Coldwell Banker American HomesBroker
Affordability Calculator
- Monthly Principal & Interest
- $5,626
- Monthly Property Taxes
- $536
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Freeport, NY
Average List Price $832,875
Percent of Sale Price 2%
About Freeport, NY 43,979 Population
-1% Since 2002
$ 71,748 Median Income
39.44 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
4481255 Elementary School
4098781 Middle School
Freeport High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/5/2026 | $814,500 | | Listed Price |