118 Franklin Avenue, Malverne, NY 11565

$690,000 · 3 bed · 3 bath · 1,170 sq ft · built 1959 · MLS# 1019414 · Active

Opportunity awaits in this well-maintained Ranch located in the desirable Village of Malverne. Offering 3 bedrooms, 1 full bathroom, 2 half bathrooms, and a partially finished basement with a separate outside entrance, this home provides a wonderful foundation for customization and modern updates. Built in 1959, the property features a roof approximately 10 years young, a private driveway, and an attached one-car garage. Whether you're looking to renovate for yourself or invest in a property with tremendous upside, this home presents the perfect canvas to bring your vision to life.…

Single-family homes in the Valley Stream Union Free School District 13 sold for a median of $799,000 (typically $730,000–$850,000) across 179 recorded sales between Oct 7, 2025 and Oct 1, 2026, up 6.7% on the 12 months before. This home's $690,000 list price sits in the entry single-family tier for the Valley Stream Union Free School District 13.

ZIP 11565 has about 2.2 months of single family inventory — seller's market. Demand is outpacing supply, so homes sell quickly with firm pricing and limited room to negotiate.

At about $13,200 a year, this home's property tax runs roughly 10% above the $12,000 typical for Valley Stream Union Free School District 13. Nassau assessments run on a multi-year cycle, so the assessed value behind this bill can lag what the home actually sells for today. A sale does not automatically reset it, and exemptions such as STAR, Senior or Veteran move the number as well — a new owner's bill is often not the same as the seller's.

OneKey MLS (recorded LI sales, trailing 12mo) + actual tax