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6 Beds
2 Baths

$879,999

241 Covert Street, Westbury NY, 11590

Built in1908
Property typeResidential

Overview

Active

Listed Apr 27, 2026

Updated Aug 7

Rare Investment Opportunity: Multi-Family This isn't just another listing; it's a once-in-a-lifetime opportunity to secure a high-performing asset with built-in growth potential. Whether you are looking for a turnkey rental machine or a project with a massive upside, this property delivers on every front. Property Highlights Current Configuration: Legal two-family residence. Major Renovations (2010): Peace of mind comes standard. The property underwent a comprehensive overhaul in 2010, including: Updated Plumbing: Modernized throughout. Upgraded Electric: Total system overhaul. New Sheetrock: Clean, modern finishes in both units. Mechanicals: Equipped with high-efficiency Separate boilers in both units. Utilities: Separate electric meters for each unit, keeping overhead low and management simple. Financials & Value Add Current Rent Roll: Generating a robust $6,700 per month. Why This Property? The heavy lifting has already been done. With the major systems updated and a strong existing rent roll, you can collect a premium income from day one while pursuing the third-unit conversion. Multi-family properties with this level of upkeep. Investor Note: High demand and a proven income stream make this an ideal candidate for 1031 exchanges or a cornerstone for any real estate portfolio. Don't wait—opportunities with this much "meat on the bone" disappear fast.

$5,855/mo

Est. mortgage payment based on a $879,999 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
991058
Available since
April 27, 2026

Interior Features

Bedrooms
6
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
Yes

Other Property Details

Taxes
$13,217
Tax Frequency
Annually

 

Courtesy of Joseph Ricco

Based on information from DASH - Coldwell Banker (CB) as of 8/7/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

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Data last updated 1:35 PM UTC, 8/7/2026

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