487 5th Ave Cedarhurst, NY 11516
Estimated payment $7,331/month
Highlights
- Colonial Architecture
- Main Floor Bedroom
- Bathroom on Main Level
- Wood Flooring
- Granite Countertops
- 3-minute walk to Andrew J. Parise Park
About This Home
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!
Listing Agent
Pin It Realty LLC Brokerage Phone: 718-207-6766 License #10401339260 Listed on: 03/05/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,491
Year Built
- Built in 1908
Lot Details
- 2,730 Sq Ft Lot
- Lot Dimensions are 26x106
Parking
- Driveway
Home Design
- Colonial Architecture
- Vinyl Siding
Interior Spaces
- 1,755 Sq Ft Home
- Ceiling Fan
- Basement
Kitchen
- Oven
- Dishwasher
- Granite Countertops
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Main Floor Bedroom
- Bathroom on Main Level
- 2 Full Bathrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Schools
- Lawrence Elementary School-Broadway
- Lawrence Middle School At Broadway Campus
- Lawrence Senior High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
- Natural Gas Connected
- Gas Water Heater
Listing and Financial Details
- Assessor Parcel Number 2003-39-312-00-0009-0
Matterport 3D Tour
Floorplans
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,503 | $534 | $194 | $340 |
| 2024 | $2,637 | $561 | $204 | $357 |
| 2023 | $6,766 | $535 | $194 | $341 |
| 2022 | $6,766 | $561 | $204 | $357 |
| 2021 | $7,005 | $544 | $198 | $346 |
| 2020 | $3,251 | $565 | $564 | $1 |
| 2019 | $1,944 | $605 | $604 | $1 |
| 2018 | $3,988 | $646 | $0 | $0 |
| 2017 | $4,175 | $686 | $685 | $1 |
| 2016 | $6,157 | $726 | $662 | $64 |
| 2015 | $2,059 | $766 | $699 | $67 |
| 2014 | $2,059 | $766 | $699 | $67 |
| 2013 | $2,153 | $868 | $792 | $76 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/05/2026 03/05/26 | For Sale | $1,265,000 | 0.0% | $721 / Sq Ft |
| 02/28/2025 02/28/25 | Rented | $2,750 | -1.8% | -- |
| 02/07/2025 02/07/25 | Price Changed | $2,800 | -1.8% | $4 / Sq Ft |
| 02/06/2025 02/06/25 | Price Changed | $2,850 | -1.7% | $4 / Sq Ft |
| 01/27/2025 01/27/25 | For Rent | $2,900 | +31.8% | -- |
| 12/09/2024 12/09/24 | Off Market | $2,200 | -- | -- |
| 02/15/2024 02/15/24 | Rented | $2,800 | 0.0% | -- |
| 01/30/2024 01/30/24 | Price Changed | $2,800 | -3.4% | $2 / Sq Ft |
| 01/15/2024 01/15/24 | For Rent | $2,900 | +28.9% | -- |
| 07/20/2020 07/20/20 | Rented | $2,250 | 0.0% | -- |
| 06/11/2020 06/11/20 | For Rent | $2,250 | +2.3% | -- |
| 03/12/2019 03/12/19 | Rented | $2,200 | 0.0% | -- |
| 02/06/2019 02/06/19 | Price Changed | $2,199 | +2.3% | $1 / Sq Ft |
| 02/04/2019 02/04/19 | Price Changed | $2,150 | +7.6% | $1 / Sq Ft |
| 12/29/2018 12/29/18 | Price Changed | $1,999 | -4.8% | $1 / Sq Ft |
| 12/01/2018 12/01/18 | For Rent | $2,100 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Deed | $238,000 | -- | |
| Deed | $483,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
About the Listing Agent
David's Other Listings
Source: OneKey® MLS
MLS Number: 967769
APN: 2003-39-312-00-0009-0
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Ask me questions while you tour the home.