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2846 Morgan Drive
About This Property
Set on an oversized 13,000+ square foot property, this expansive six-bedroom, three-bath Colonial is a true standout in the highly sought-after Forest City section of Wantagh. Offering exceptional space and versatility, this impressive home features multiple extensions that create a gracious and functional layout ideal for both everyday living and entertaining.
The extended kitchen provides generous space for gathering, while the substantial living areas offer flexibility to accommodate a variety of needs. A potential mother-daughter configuration (with proper permits) adds incredible value and opportunity. The partially finished basement offers additional usable space for recreation, storage, or a home office.
Step outside to a beautifully landscaped backyard featuring an in-ground pool - perfect for summer enjoyment and outdoor entertaining. Additional highlights include a two-car garage, expansive grounds rarely found in this neighborhood, and a prime location close to parks and community amenities.
A truly rare offering with size, property, and flexibility all in one exceptional home.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 29, 2026 | Sold | ||
| Sold | |||
| Mar 6, 2026 | In contract | - | |
| In contract | |||
| Feb 25, 2026 | Listed by RE/MAX Reliance | $975,000 | |
| Listed by RE/MAX Reliance | |||
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About North Wantagh
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017