248 Guy Lombardo Avenue, Freeport, NY 11520

$814,500 · 2 bed · 1,163 sq ft · built 1925 · MLS# 1069741 · Active

Welcome to this exceptional, legal two-family residence located on a prime, beautifully landscaped large corner lot (75' x 125') in the heart of Nassau County. Featuring a rental permit in place and a reliable, problem-free tenant already generating $1,700 per month under lease, this property represents an outstanding investment opportunity or an ideal mother-daughter setup with income potential. Property Highlights & Mechanicals Lot & Exterior: Expansive 75' x 125' corner lot with professional landscaping, a lawn sprinkler system, a 4-car concrete driveway, and a detached single-car garage with electricity. Additional…

Two-to-three-family homes in the Freeport Union Free School District sold for a median of $710,000 (typically $615,000–$740,000) across 6 recorded sales between Feb 26, 2026 and Oct 27, 2026, up 1.4% on the 12 months before. Too small a sample to be statistically stable — that median rests on 6 recorded sales, so a single sale moves it substantially. Treat it as a starting point rather than a market reading.

ZIP 11520 has about 4.2 months of inventory — balanced market. Supply and demand are roughly even, so buyers and sellers share leverage with fair, predictable pricing.

At about $6,435 a year, this home's property tax runs roughly 54% below the $14,000 typical for Freeport Union Free School District. 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