This legally established three-family property (currently utilized as a two-family) is situated within the highly regarded School District 26. The home is set on a 2,307 SF lot with a 1,592 SF (16x38) building footprint and benefits from remarkably low annual taxes of approximately $6,142. The functional layout comprises two complete 2-bedroom, 1-bathroom units on the first and second floors, complemented by a convertible attic space with a separate staircase and a strategically partitioned basement offering the potential for an additional private studio rental. Significant updates include a roof replaced five years ago and a brand-new water heater installed two months ago, with the first floor and basement having undergone recent renovations. The location is exceptionally convenient, within a 10-minute walk to the vibrant Bell Boulevard commercial district and close to Northern Boulevard, with direct access to Q12/Q27 bus lines and major highways. This residence presents a compelling opportunity for owner-occupants or investors seeking a property with strong rental income potential, low carrying costs, and a distinguished profile in a sought-after Bayside location.