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 in this price range offer this much versatility. Unit #1 - Ground Floor | 2 Bedrooms / 1 Bath The 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 11×16 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 Basement The 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 & Security The 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. The Hempstead, Huntington, and Ronkonkoma branches all serve the area daily. Multiple MTA bus lines - Q1, Q2, Q36, Q82, Q110 - head through the neighborhood connecting to Jamaica, the subway system, and beyond. MTA UBS Arena -0.91 Miles Queens Village sits just 1 mile from UBS Arena in Elmont, home of the New York Islanders and a premier concert venue. Free shuttle bus service runs from both the Queens Village and Elmont-UBS Arena LIRR stations for arena events. ExpediaItinerant Fan Belmont Park Village - ~0.91 Miles The neighborhood's newest destination sits right next door to UBS Arena. Belmont Park Village is an open air European-style shopping village featuring designer brands like Valentino, The North Face, Levi's, and Coach at up to 65% off retail prices, plus first-to-market restaurants including Le Botaniste and Hundredfold from James Beard Award-winning chef Timothy Hollingsworth. Free parking and a free LIRR shuttle make it effortlessly accessible. QNS Why This Property, Why Now Queens Village has quietly become one of the best-positioned neighborhoods in eastern Queens. Two LIRR stations within a mile, direct access to Penn Station and Jamaica, a brand-new world-class entertainment and retail complex minutes away, and a legal income-producing two-family home.