20 E Pine Street, Long Beach, NY 11561
Local realty services provided by:ERA Insite Realty Services
20 E Pine Street,Long Beach, NY 11561
$899,999
- 6 Beds
- 4 Baths
- 2,304 sq. ft.
- Multi-family
- Active
Listed by: andrew panton
Office: fave realty inc
MLS#:1025115
Source:OneKey MLS
Price summary
- Price:$899,999
- Price per sq. ft.:$390.62
About this home
Don't miss this exceptional opportunity to own a **legal two-family** home in the heart of Long Beach. This well-maintained, **income-producing property** is being sold **with paying tenants in place**, making it an ideal investment for buyers seeking immediate cash flow. The property currently generates **$5,400 per month in gross rental income ($64,800 annually)**. The first-floor unit is occupied with a lease in place through **October 31, 2026**. The second-floor unit is also occupied on a **month-to-month tenancy**. Each spacious unit features **3 bedrooms, 1.5 bathrooms**, generously sized rooms, and excellent closet and storage space. Additional highlights include a **two-car garage**, a **basement with bonus space** with separate entrance, and a location just **minutes from the beach**, shopping, restaurants, parks, bars, and public transportation. The home is in **excellent condition** with **multiple important updates**, including the **roof, windows, boiler, and hot water heater**, all completed approximately **10–15 years ago**. A **new rear deck** provides additional outdoor living space and enhances the property's appeal. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this legal two-family offers strong rental income, valuable updates, and an unbeatable Long Beach location. Don't miss this excellent investment opportunity!...
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Home facts
- Year built:1988
- Listing ID #:1025115
- Added:53 day(s) ago
- Updated:September 04, 2026 at 11:48 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
- Full bathrooms:4
- Basement:Yes
- Basement Description:Partially Finished
- Living area:2,304 sq. ft.
Heating and cooling
- Heating:Natural Gas
Structure and exterior
- Year built:1988
- Building area:2,304 sq. ft.
- Lot area:0.11 Acres
- Construction Materials:Vinyl Siding
Schools
- High school:Long Beach High School
- Middle school:Long Beach Middle School
- Elementary school:Lindell Boulevard School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$899,999
- Price per sq. ft.:$390.62
- Tax amount:$12,981 (2024)
Parking
- Parking description:Driveway, Garage
- Garage:Yes
- Garage spaces:2
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