225-20 108th Avenue , Queens Village, NY 11429

A rare opportunity to own a fully updated, legal two-family Cape Cod home on a quiet residential block in the heart of Queens Village. Meticulously maintained and upgraded throughout, this property offers genuine flexibility - run it as a two-family income-producing investment, or occupy the entire home as a single-family residence with exceptional space for a large, multi-generational household. Few properties inthis price range offer this much versatility.Unit #1 - Ground Floor | 2 Bedrooms / 1 BathThe main-floor unit is a spacious 2-bedroom, 1-bath apartment with a private entrance, an eat-in kitchen with dishwasher, a bright living room, and access to the property's private garden. With 2-bedroom apartments in Queens Village averaging $1,931/month in 2026, this unit commands strong rental income in the current market. Estimated rental income: $2,000-$2,200/month. Apartment Finder Unit #2 - Upper Floor | 1 Bedroom / 1 Bath | (sq ft - owner to confirm)A spacious top-floor apartment with its own private entrance. The oversized bedroom measures 1116 feet and includes a walk-in closet. The unit features an eat-in kitchen, a generously sized living room with abundant storage, and private garden access. One-bedroom apartments in Queens Village average $1,524/month, with updated private-home units commanding a premium. Estimated rental income: $1,800-$2,000/month. Apartment Finder Combined estimated rental income: $3,800-$4,200/month.Full Finished BasementThe basement is a true bonus level - fully finished and built for both living and function. It features an owner suite-sized bedroom, a full bar, a full bathroom, a dedicated laundry room, and a tool room/workshop space. Whether used as a recreation room, home office, guest suite, or additional family space, the basement adds meaningful square footage that few comparable properties can match. Mechanical upgrades include a brand new furnace and new windows throughout, making this home move in ready with no immediate capital outlay required.Systems & SecurityThe property features a yard sprinkler system keeping the grounds maintained with ease - a convenient upgrade that adds to the home's curb appeal and reduces upkeep. Two security cameras are installed on the exterior and convey with the property at closing, giving the new owner immediate surveillance coverage from day one.Transportation Commuters are well served. The Queens Village LIRR station is just 0.76 miles away and the Belmont Park LIRR station is even closer at 0.45 miles. T