36 Gordon Road, Valley Stream, NY 11581

$699,999 · 1,932 sq ft · built 1929 · MLS# 1060706 · Active

Incredible Investment Opportunity: Prime 2-Unit Multifamily Property in Valley Stream, NY, Built in 1929, this classic 2-unit multifamily duplex spans a generous 1,932 square feet of interior livable area, situated beautifully on a well-manicured 4,000 square foot lot. Whether you are a savvy investor looking to add a high-yield asset to your portfolio or an owner-occupant looking to live in one unit while letting the other pay your mortgage, this property represents an unparalleled opportunity in one of Nassau County’s most sought-after communities. Two independent rental units offering a combined…

Two-to-three-family homes in the Valley Stream Union Free School District 24 sold for a median of $990,000 (typically $890,000–$1,070,000) across 15 recorded sales between Oct 9, 2025 and Sep 21, 2026.

ZIP 11581 has about 2.6 months of multi-family inventory — seller's market. Demand is outpacing supply, so homes sell quickly with firm pricing and limited room to negotiate.

At about $11,473 a year, this home's property tax runs roughly 18% below the $14,000 typical for Valley Stream Union Free School District 24. 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