1392 Commonwealth Ave
Listing Notes
Welcome to 1392 Commonwealth Avenue, a rare opportunity to own a versatile and income producing 3 family property offering exceptional space, flexibility, and long term investment potential. Whether you are an investor looking to expand your portfolio or an owner occupant seeking to offset your mortgage with rental income, this property presents an outstanding opportunity. The first floor features a well laid out 3 bedroom residence complete with a spacious living room, kitchen, and full bathroom. The second floor offers an expansive and unique layout highlighted by a massive open concept living and dining area, custom built in bar, elegant china cabinet, 3 generously sized bedrooms, 2 full bathrooms, and a full kitchen ideal for comfortable everyday living and entertaining alike. In addition, the property includes a separate studio unit located behind the first floor residence with private side access, creating an additional source of rental income and added versatility. The home also features a fully finished basement, providing additional flexible space ideal for recreation, storage, workspace, or extended living use. All units are currently occupied by paying tenants on month to month agreements, offering immediate cash flow with future flexibility for investors or end users alike. Property can also be delivered vacant, creating endless possibilities for customization, owner occupancy, or maximizing rental potential. With strong income potential and multiple living configurations, this property is an exceptional opportunity for both seasoned investors and first time buyers alike.
Price in context
Cheaper than 50% of the 24 homes listed nearby right now, which run $675,000 to $1,400,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 510 Morris Park Ave | $675,000 | Studio |
| 1146 Metcalf Ave | $725,000 | 11 bd · 11 ba |
| 1403 Leland Ave | $749,000 | 7 bd · 3 ba |
| 1711 Mansion St | $749,900 | 4 bd · 3 ba |
| 1228 Noble Ave | $839,000 | Studio |
| 1542 Saint Lawrence Ave | $885,000 | Studio |
| 1136 Metcalf Ave | $925,000 | 13 bd · 6 ba |
| 1546 Leland Ave | $955,000 | 7 bd · 2 ba |
| 1748 Cross Bronx Expy | $999,000 | Studio |
| 1314 Stratford Ave | $1,088,888 | 7 bd |
| 1314 Stratford Ave | $1,088,888 | 7 bd |
| 1149 Croes Ave | $1,090,000 | 7 bd · 4 ba |
| 1735 Mansion St | $1,099,997 | 6 bd · 3 ba |
| 1285 Saint Lawrence Ave | $1,150,000 | 7 bd · 2 ba |
| 1256 Noble Ave | $1,200,000 | 7 bd · 4 ba |
| 1210 Beach Ave | $1,200,000 | 14 bd · 3 ba |
| 1661 E 172nd St | $1,249,999 | 13 bd · 4 ba |
| 1342 Taylor Ave Unit 4FAM | $1,250,000 | 7 bd · 4 ba |
| 1610 Melville St Unit 143 | $1,250,000 | 6 bd · 5 ba |
| 1330 Croes Ave | $1,280,000 | 8 bd · 3 ba |
| 1311 Commonwealth Ave | $1,300,000 | 4 bd |
| 506 Van Nest | $1,395,000 | 9 bd · 5 ba |
| 508 Van Nest Ave | $1,395,000 | 9 bd · 5 ba |
| 1158 Leland Ave | $1,400,000 | 8 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more