Welcome to a fully renovated, move-in ready two-family home offering flexibility, efficiency, and immediate income potential. Both units are vacant and newly updated, making this the perfect opportunity for an end-user looking to live in one unit while generating passive income from the other — or for an investor seeking a turnkey rental property. This property features: • Two renovated units ready for immediate occupancy • Solar panels for improved energy efficiency • Tankless hot water system • Private driveway • Private backyard space • Separate entrances for added privacy Whether you're looking to offset your mortgage with rental income or expand your portfolio with a low-maintenance asset, this home delivers versatility and long-term value. Located in Rockaway Beach, close to transportation, the beach, and neighborhood amenities, this home offers everything. Move right in. Rent right away. Start generating income immediately.
Pending
Price cut: $100K (6/17)
$699,000
7221 Hillmeyer Ave, Arverne, NY 11692
5beds
2,001sqft
Multi Family
Built in 2000
-- sqft lot
$682,500 Zestimate®
$349/sqft
$-- HOA
What's special
Fully renovatedPrivate backyard spaceMove-in readyPrivate drivewayTankless hot water system
- 109 days |
- 588 |
- 52 |
Zillow last checked:
Listing updated:
Listed by:
Rockaway Properties 718-634-3134,
Nicole Switzer 917-921-5266
Source: BNYMLS,MLS#: 500271
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Radiant, Baseboard
Appliances
- Included: Refrigerator, Stove, Tankless Water Heater
Features
- Flooring: Carpet, Laminate, Tile
- Basement: None
Interior area
- Total structure area: 2,001
- Total interior livable area: 2,001 sqft
Property
Parking
- Total spaces: 2
- Parking features: Private Drive, 2 Spaces
- Has uncovered spaces: Yes
Features
- Stories: 2
- Fencing: Partial
Lot
- Size: 3,000 Square Feet
- Dimensions: 30x100
- Features: Back Yard, Front Yard
Details
- Foundation area: 1081
- Parcel number: 160580068
- Zoning: R4-1
- Special conditions: Arm's Length
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Siding, Block, Wood Frame
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 2000
Utilities & green energy
- Electric: 200 Amp
Community & HOA
Community
- Subdivision: Queens
Location
- Region: Arverne
Financial & listing details
- Price per square foot: $349/sqft
- Tax assessed value: $659,000
- Annual tax amount: $4,302
- Date on market: 4/7/2026
- Cumulative days on market: 109 days
Estimated market value
$682,500
$648,000 - $717,000
$3,624/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Pending sale | $699,000$349/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #1015133 Report a problem | ||
| 6/17/2026 | Price change | $699,000-12.5%$349/sqft |
Source: OneKey® MLS as distributed by MLS GRID #1015133 Report a problem | ||
| 4/7/2026 | Listed for sale | $799,000-4.8%$399/sqft |
Source:  BNYMLS #500271 Report a problem | ||
| 4/6/2026 | Listing removed | $839,000$419/sqft |
Source: OneKey® MLS as distributed by MLS GRID #967024 Report a problem | ||
| 3/3/2026 | Listed for sale | $839,000+297.6%$419/sqft |
Source: OneKey® MLS as distributed by MLS GRID #967024 Report a problem | ||
| 11/26/2025 | Listing removed | $2,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/18/2025 | Listed for rent | $2,750+12.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/9/2025 | Listing removed | $2,450$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/29/2025 | Listed for rent | $2,450-10.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/29/2025 | Listing removed | $2,750+12.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/14/2025 | Price change | $2,450-10.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/8/2025 | Listed for rent | $2,750$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/29/2000 | Sold | $211,000$105/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $39,540 +4.3% |
| 2024 | -- | $37,920 -0.5% |
| 2023 | -- | $38,100 +18.2% |
| 2022 | -- | $32,220 +20.1% |
| 2021 | -- | $26,820 -3.7% |
| 2020 | $3,212 -10.1% | $27,840 +0.7% |
| 2019 | $3,575 -5.9% | $27,660 +52.4% |
| 2018 | $3,797 +8.8% | $18,150 +6% |
| 2017 | $3,491 +22.2% | $17,123 +6% |
| 2016 | $2,856 | $16,154 +6% |
| 2015 | $2,856 +15.4% | $15,240 |
| 2014 | $2,475 | $15,240 |
| 2013 | -- | $15,240 -22.8% |
| 2012 | -- | $19,740 -12.8% |
| 2011 | -- | $22,632 |
| 2010 | -- | $22,632 +0.8% |
| 2009 | -- | $22,461 +6% |
| 2008 | -- | $21,190 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Arverne
Nearby schools
GreatSchools rating
- 7/10Ps Ms 42 R VernamGrades: PK-8Distance: 0.4 mi
- 4/10Channel View School For ResearchGrades: 6-12Distance: 1.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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