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2 Preston Street Offered at $999,000 - Port Washington, NY 11050

5 Bedrooms

3  Bathrooms

1958 Year Built

2,267 SqFt

Port Washington School District

833987 MLS

Nestled in the vibrant heart of Port Washington, this exceptional multi-family property is within walking distance of the LIRR, shops, waterfront and restaurants. The property is permitted and CO-approved presenting an unparalleled opportunity for investors and end users alike. The primary residence is a charming 3-bedroom 2 bath Colonial, blending classic appeal with modern convenience. The main level features a welcoming living room, a spacious eat-in kitchen with a dining area, a versatile office/TV room, a full bathroom, and an enclosed sunporch perfect for relaxing. Upstairs, you’ll find three bedrooms and another full bathroom, with an additional unfinished walk-up attic and partial basement. Complementing the main house is a self-contained 2 bedroom, 1 bath cottage retreat with a comfortable living room, eat-in kitchen, full bathroom, Making it an ideal space for extended family, rental income, or a private guest house. Top-rated schools, including Port Washington Middle School and High School, are just a mile away. This unique property offers endless possibilities, whether as a multi-generational compound, an income-producing asset, or a dream home in one of Long Island’s most desirable waterfront communities. Don’t miss this rare opportunity—schedule your private tour today!

Features

  • Legal 2 Unit – Detached Multi-Family
  • rental permits up to date
  • Walking distance to LIRR
  • Separate Gas and Electric
  • Taxes $16,197 (file for grievance every year, 2023-24 assessment $703,000)
  • $140,000 capital improvements since 2007
 
  • 2024 New Roof, Main House
  • 2024 All new gutters, Main house
  • 2024 New roof, Cottage
  • 2023 – New Washer Dryer in Cottage $1,800
  • 2022 – New Boiler in Main House $15,000 (permitted inspected and approved)
  • 2022 -New Deck Main House $18,000 (permitted inspected and approved)
  • 2022 Updated all plumbing to code per TONH $15,000
  • 2022 Variance for sunporch (inspected and approved) $12,000
  • 2020 New Subfloor in cottage bathroom $6,000
  • 2018?? New Water Heater in Main House $3,000 (permitted inspected and approved)
  • 2018?? New boiler in cottage $6000 (permitted inspected and approved)
  • 2008 – New Retaining wall, north end of property, patio outside cottage $12,000 (permitted inspected and approved)
  • 2008 – Underpinning of cottage $5,000 (permitted inspected and approved)
  • 2008 – Healthy Basement System in crawl space of cottage $6,000
 

SPACE TO UNWIND SPACE TO UNWIND INSIDE AND OUT

Floor Plans & Grounds Floor Plans & Grounds Main House

Floor Plans & Grounds Floor Plans & Grounds Cottage

Map 2 Preston Street, Port Washington, NY 11050

For Showings Contact

The Pesce & Lanzillotta Team Licensed Associate Real Estate Broker

Michael Pesce

The Pesce & Lanzillotta Team
Licensed Associate Real Estate Broker
The Pesce & Lanzillotta Team Licensed Associate Real Estate Broker

Ronald Lanzillotta

The Pesce & Lanzillotta Team
Licensed Associate Real Estate Broker