466 Munsell Rd
Listing Notes
Prime development and investment opportunity located south of Montauk Highway in Patchogue. 466 Munsell Road features a recently approved 2-lot subdivision offering both immediate rental income and future development potential. Lot 1 includes a 2-story, 4-bedroom, 2-full-bath home with significant recent improvements, including a brand-new septic system and waterline, new electrical service and panel, new gas boiler and hot water tank, and a second full bathroom added in the unfinished basement. The basement offers both interior and exterior access. The existing home is currently rented with a valid rental permit, producing approximately $4,000 per month in rental income. Lot 2 is a vacant parcel with subdivision approval in place, providing the opportunity to construct a new 2-story residence. Proposed plans call for a 7-bedroom, 4-bathroom home (plans available upon request). A rare opportunity to acquire a cash-flowing property with approved subdivision in a high-demand South Shore location.
Price in context
Cheaper than 21% of the 24 homes listed nearby right now, which run $524,999 to $1,250,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 743 Hoffman Ave | $524,999 | 3 bd · 1 ba |
| 126 New Jersey Ave | $530,000 | 3 bd · 2 ba |
| 66 Fuoco Rd | $545,000 | 2 bd · 2 ba |
| 502 Station Rd | $575,000 | 4 bd · 1 ba |
| 19 Wards Ln | $594,999 | 4 bd · 3 ba |
| 163 Orchard Rd | $599,000 | 6 bd · 4 ba |
| 76 Lyman Rd | $599,900 | 3 bd · 2 ba |
| 10 Kreamer St | $599,990 | 4 bd · 2 ba |
| 610 Americus Ave | $600,000 | 4 bd · 2 ba |
| 511 Walker Ave | $625,000 | 3 bd · 2 ba |
| 74 Country Club Rd | $628,000 | 2 bd · 2 ba |
| 502 Martha Ave | $629,000 | 3 bd · 3 ba |
| 75 Champlin Ave | $649,000 | 3 bd · 2 ba |
| 613 Bourdois Ave | $649,999 | 4 bd · 3 ba |
| 427 Macdonald Ave | $659,990 | 4 bd · 3 ba |
| 65 Hedges Rd | $749,000 | 4 bd · 4 ba |
| 79 Bieselin Rd | $849,000 | 4 bd · 3 ba |
| 35 Melrose Pkwy | $869,000 | 5 bd · 4 ba |
| 47 Oak Rd | $875,000 | 3 bd · 2 ba |
| 69 Colonial Ln | $999,000 | 3 bd · 2 ba |
| 67 Country Club Rd | $999,000 | 2 bd · 1 ba |
| 45 New Jersey Ave | $1,099,000 | 3 bd · 2 ba |
| 100 Bieselin Rd | $1,174,999 | 4 bd · 3 ba |
| 493 Munsell Rd | $1,250,000 | 4 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more
OpenRealtor, a RealtyLens company. Listing facts are drawn from public feeds and enriched with NYC public records. This is not the original listing site.