About This Home

This 6-bedroom, 2-bathroom multi-family at 241 Covert Street in Westbury, NY is listed for $879,999. Built in 1908, on a 0.12 acres lot.

Key Features

  • Built in 1908
  • 0.12 acre lot
  • 6 parking spaces

Property Details

2 full
6 spaces
1908
Listing Description

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.

Monthly Cost Estimate

$4,706/mo

20% down · 6.5% · 30 years

Principal$636
Interest$3,813
Insurance$257

Estimates only. Actual payments may vary.

Location

241 Covert Street

Westbury, NY 11590

Features & Amenities

Interior Features

First Floor BedroomFirst Floor Full BathEat-in KitchenEntrance FoyerStorageWasher/Dryer Hookup

Property Details

Construction

Frame

Parking

Driveway

Heating

Natural Gas

Questions & Answers

This 6-bedroom, 2-bathroom multi-family at 241 Covert Street is listed at $879,999. The estimated monthly payment is $4,707 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1908, 0.12 acre lot, 6 parking spaces. Interior Features: First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen.

This property is listed by Joseph Ricco Jr.

JJ

Joseph Ricco Jr

Agent at Coldwell Banker American Homes

Listed by Coldwell Banker American Homes · Broker phone: (800) 270-6318 · View on Broker Site · Broker website

MLS# 991058· Source: OneKey MLS· 188 days on PropertySimple

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

241 Covert Street, Westbury, NY 11590

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