Listing Notes
Here it is! 1661 East 172nd Street stands as a rare gem in the Bronx - a truly massive 3 Family with a Commercial Space property that doesn't come along every day. This substantial income-producer delivers immediate cash flow with four spacious living units, a dedicated office space, and an enormous basement brimming with possibilities. On the first floor you'll find a generous three-bedroom, one-bath unit. The second floor features two separate units: a large four-bedroom and a three-bedroom, each with its own full bathroom. A side unit adds another three-bedroom, one-bath residence, rounding out the four-family layout. Every unit is currently occupied by excellent, long-term tenants, providing rock-solid rental income right from day one. Beyond the living spaces, the massive basement offers endless potential - perfect for the next owner to add their personal touch with cosmetic upgrades and turn it into additional living area, storage, or even a standout recreational space. While the property is already well-maintained and delivering strong returns, it's primed for someone ready to inject their vision and unlock even greater value. Located in one of the Bronx's hottest markets, this investment opportunity sits just steps from the 6 train and convenient bus lines (Bx11 and Bx4), while also being close to parks, schools, and everyday shopping. With proven rental demand and a strong history of performance, 1661 East 172nd Street is a true money-maker that promises impressive long-term upside for savvy investors. Don't miss your chance to own this standout multi-family in a prime location.
Price in context
Cheaper than 12% of the 24 homes listed nearby right now, which run $699,000 to $1,699,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1231 Manor Ave | $699,000 | 5 bd · 3 ba |
| 1146 Metcalf Ave | $725,000 | 11 bd · 11 ba |
| 1711 Mansion St | $749,900 | 4 bd · 3 ba |
| 1228 Noble Ave | $839,000 | Studio |
| 1126 Ward Ave | $900,000 | 7 bd · 4 ba |
| 1126 Ward Ave | $900,000 | 7 bd · 4 ba |
| 1136 Metcalf Ave | $925,000 | 13 bd · 6 ba |
| 1044 Stratford Ave | $950,000 | 6 bd · 3 ba |
| 1059 Ward Ave | $985,000 | 5 bd · 3 ba |
| 1214 Manor Ave | $999,000 | 4 bd · 2 ba |
| 1212 Manor Ave | $999,000 | 3 bd · 3 ba |
| 1748 Cross Bronx Expy | $999,000 | Studio |
| 1346 Elder Ave | $999,000 | 7 bd · 3 ba |
| 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 |
| 1392 Commonwealth Ave | $1,099,000 | 6 bd · 3 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 |
| 1330 Croes Ave | $1,280,000 | 8 bd · 3 ba |
| 1311 Commonwealth Ave | $1,300,000 | 4 bd |
| 1268 Croes Home Ave Unit Multifamily | $1,699,000 | 11 bd · 7 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more