New

Open House

$1,049,999

For Sale

6 days ago

1986 Oakwood Ave, Merrick, NY

Name: 1986 Oakwood Ave, For Sale in Merrick - eXp Realty
Brand: Keller Williams Realty Elite
SKU: 1060673
Price: 1049999 USD

House

MLS® 1060673

6 Bed

2 Bath

2 Parking

Open House

Sat Oct 17, 12:00-2:00 PM EDT

Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage Yes

Taxes $23,961

Days Active 4

Lot Size 0.1506 Acres

Approx. Age 1983

MLS® Number 1060673

Property Address: 1986 Oakwood Ave, Merrick, NY, 11566-3571

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to 1986 Oakwood Avenue! This spacious Legal 2-Family property presents an exceptional opportunity for investors and owner-occupants alike, offering 2, 276 square feet of living space (excluding the basement) and an impressive $6, 200 monthly rent roll! Each of the two units features a generous 3-bedroom, 1-bathroom layout, with the first-floor unit having undergone renovations within the last few years. The property also boasts a full finished basement with a separate outside entrance, providing additional versatile space. Numerous updates and features add to the property's appeal, including all-new windows installed by Power Home Remodeling in 2019, backed by a transferable lifetime warranty (subject to warranty terms), and two newer hot water heaters, approximately 5 years and 1 year old. The property features natural gas, separate gas heating systems for the first and second floors, and electric heat in the basement. Utilities include three electric meters, two gas meters, and one water meter, offering added convenience for a multi-family property. A detached two-car garage and ample additional parking further enhance the property's functionality. An especially noteworthy feature is the property's potential tax savings opportunity. The home has Certificates of Occupancy confirming its legal two-family status but is currently assessed and taxed as a three-family property. The taxes have not previously been grieved, presenting a potential opportunity for a reduction through the tax grievance process. Buyers are encouraged to conduct their own due diligence regarding the property's assessment, classification, and potential tax savings. Location is another major highlight! Situated within the highly regarded school district serving Merrick Avenue Middle School and Calhoun High School, this property is conveniently located within walking distance of the LIRR train station and the vibrant Merrick Avenue corridor. Enjoy easy access to an abundance of restaurants, bars, cafes, shopping, and everyday conveniences, along with nearby major parkways and transportation options. Whether you're an investor seeking an income-producing property with an established rent roll, an owner-occupant looking to offset expenses with rental income, or a buyer exploring multi-generational living, 1986 Oakwood Avenue offers a compelling combination of space, income potential, location, and long-term value. Don't miss this opportunity to own a legal two-family property in the heart of Merrick! Property is selling occupied with paying tenants.

MLS® Number1060673

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1983

BasementFinished, Full, Walk-Out Access

DrivewayDetached, Driveway, Off Street

Garage Spaces

HeatNatural Gas

A/CWall/Window Unit(s)

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 10, 2026List Date

$1,049,999List Price

Home Appraisal

This property is estimated to sell between: $1,049,000 and $1,258,000.

Similar properties in this area sold on average for: $1,188,333

Expected to sell in 107 days. Similar properties sold in 111 days. This home has been on eXp Realty for 4 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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