Listing Notes
LEGAL THREE-FAMILY WITH VACANT UNIT Excellent opportunity to own a legal three-family property in the Bronx with strong income The property consists of three spacious 2-bedroom / 1-bath apartments, each separately metered, with the owner responsible for only water and common-area electric. One apartment will be delivered vacant, creating immediate flexibility for an owner-occupant or investor. Current rents are $2,800 and $2,400 for the occupied units. The vacant 2-bedroom apartment is projected to rent for approximately $3,000 per month, bringing current achievable gross income to approximately $8,200 per month ($98,400 annually). At market rents, gross income potential is estimated at approximately $11,000 per month ($132,000 annually). Additional features include a finished basement. Conveniently located near Noble Playground and the 2, 5, and 6 subway lines, providing easy access throughout the Bronx and Manhattan. Ideal for investors or owner-occupants looking to offset their mortgage with rental income.
Price in context
Cheaper than 42% of the 24 homes listed nearby right now, which run $675,000 to $1,395,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 510 Morris Park Ave | $675,000 | Studio |
| 1403 Leland Ave | $749,000 | 7 bd · 3 ba |
| 1711 Mansion St | $749,900 | 4 bd · 3 ba |
| 1731 White Plains Rd | $799,000 | 3 bd |
| 1846 Unionport Rd | $819,000 | 6 bd · 2 ba |
| 1228 Noble Ave | $839,000 | Studio |
| 1738 Melville St | $849,000 | 6 bd · 2 ba |
| 591 Van Nest Ave | $849,999 | Studio |
| 1542 Saint Lawrence Ave | $885,000 | Studio |
| 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 |
| 1392 Commonwealth Ave | $1,099,000 | 6 bd · 3 ba |
| 1727 Victor St | $1,149,999 | 9 bd · 4 ba |
| 1285 Saint Lawrence Ave | $1,150,000 | 7 bd · 2 ba |
| 1256 Noble Ave | $1,200,000 | 7 bd · 4 ba |
| 1661 E 172nd St | $1,249,999 | 13 bd · 4 ba |
| 1610 Melville St Unit 143 | $1,250,000 | 6 bd · 5 ba |
| 1342 Taylor Ave Unit 4FAM | $1,250,000 | 7 bd · 4 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 |
Where it is
For sale Coming soon Recently sold— zoom out for more