Exceptional development and investment opportunity in East Patchogue, located on Munsell Road. 493 Munsell Road offers a fully approved 3-lot subdivision, providing immediate rental income along with significant future development potential. Lot 1 features an existing 2-story residence with 4 bedrooms and 3 full bathrooms. The home is currently rented with a rental permit in place, generating approximately $4,000 per month in rental income. Lots 2 and 3 are vacant parcels, with Lot 3 configured as a flag lot, both approved for new construction. Proposed plans call for two new 2-story homes, each offering 7 bedrooms and 4 full bathrooms (plans available). Subdivision approvals have been completed, making this a rare opportunity for investors or builders seeking a cash-flowing property with multiple approved buildable lots in a high-demand South Shore location.
| MLS # | 949387 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 220 |
| Listing Provided By | VYLLA Home | Bryan Whalen |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,520 |
| Basement | Y |
| Acreage | 2.92 |
| Cooling | None |
|---|---|
| Heating | Baseboard, Natural Gas |
| Interior Features | Open Kitchen |
| Appliances | Electric Water Heater, Oven, Range, Refrigerator |
| Construction Materials | Vinyl Siding |
|---|
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway |
| Utilities | Electricity Connected, Propane |
|---|---|
| Sewer | Cesspool |
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 2700 |
| Tax Annual Amount | 11554 |
| State | NY |
|---|---|
| County | Suffolk County |
| City | East Patchogue |
| Zip Code | 11772 |
| School District | Patchogue-Medford High School |
| Elementary School | Bay Elementary School |
| High School | Patchogue-Medford High School |
| Listing VS Median (in 11772) | |
Price: $1,250,000 low | high Med: $589,000 sqft: 1,520 low | high Med: 1,196 $ / sqft: $822 low | high Med: $492 On site: 220 low | high Med: 65 | |
| State | NY |
|---|---|
| County | Suffolk County |
| City | East Patchogue |
| Zip Code | 11772 |
| School District | Patchogue-Medford High School |
| Elementary School | Bay Elementary School |
| High School | Patchogue-Medford High School |
| Listing VS Median (in 11772) | |
Price: $1,250,000 low | high Med: $589,000 sqft: 1,520 low | high Med: 1,196 $ / sqft: $822 low | high Med: $492 On site: 220 low | high Med: 65 | |