Listing Notes
Excellent opportunity to own a legal two-family home in a prime Corona location. Ideal for both end-users and investors, this property offers strong income potential, low holding costs, and future upside. Situated on a 17 x 100 lot with a 17 x 50 building size, and located in an R6B zoning district, this property offers potential for extension or future redevelopment opportunities. Annual property tax is only $7,045. The home is configured with separate utilities, including 3 electric meters, 2 gas meters, and separate boilers, making management more efficient and flexible. The first floor features 3 bedrooms and 1 bathroom, with direct access to the backyard, and will be delivered vacant. Estimated rental income is approximately $3,000/month. The second floor offers 4 bedrooms and 1 bathroom, currently rented for $3,000/month, and can be delivered vacant if needed. There is also a full basement with generous space, offering flexible use. Current return is approximately 5%, making this an attractive option for investors. Whether you choose to live in one unit and collect rental income from the other, or fully maximize the property as an investment, this home offers excellent versatility. Conveniently located near supermarkets, restaurants, and shops, with easy access to the 7 train, major highways, Corona Park, Costco, and LaGuardia Airport. A rare find in Corona with low taxes, dual rental income, and expansion potential.
Price in context
Cheaper than 58% of the 24 homes listed nearby right now, which run $859,000 to $1,700,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 104-20 47th Ave | $859,000 | 2 bd · 3 ba |
| 5722 Waldron St | $990,000 | 4 bd · 2 ba |
| $999,000 | Studio | |
| 10237 Nicolls Ave | $1,020,000 | 4 bd · 3 ba |
| 103-26 Alstyne Ave | $1,100,000 | 6 bd · 2 ba |
| 55-14 Van Cleef St | $1,128,000 | 7 bd · 3 ba |
| 103-25 Alstyne Ave | $1,150,000 | 4 bd · 3 ba |
| 103-25 Alstyne Ave | $1,150,000 | 4 bd · 3 ba |
| 10309 Corona Ave | $1,162,962 | 4 bd · 2 ba |
| 10849 43rd Ave | $1,188,000 | 3 bd · 2 ba |
| 10708 Otis Ave | $1,190,000 | Studio |
| 51-17 103rd St | $1,280,000 | 5 bd · 3 ba |
| 10475 48th Ave | $1,288,888 | Studio |
| 10475 48th Ave | $1,288,888 | Studio |
| 110-28 55th Ave | $1,398,000 | 7 bd · 5 ba |
| 110-28 55th Ave | $1,398,000 | 7 bd · 5 ba |
| 4509 104th St | $1,538,888 | 5 bd · 4 ba |
| 45-09 104th St | $1,538,888 | 5 bd · 4 ba |
| 4509 104th St | $1,538,888 | 5 bd · 3.5 ba |
| 57-25 Waldron St | $1,580,000 | Studio |
| 11121 44th Ave | $1,600,000 | 7 bd · 5 ba |
| 52-08 103rd St | $1,638,000 | Studio |
| 52-12 103 St | $1,688,000 | 4 bd · 11 ba |
| 11021 55th Ave | $1,700,000 | 7 bd · 5 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more