Listing Notes
Welcome to a fantastic, income-generating multi-family property in the heart of highly sought-after Kensington, Brooklyn! This solid brick four-family home offers the ultimate flexibility: keep it as a fully cash-flowing addition to your portfolio, or move into the vacant unit and let the other tenants pay your mortgage. The Residences Unit #1 (Front - 2 BR / 1 BA | 940 Sq. Ft.): DELIVERED VACANT! Perfect for an owner-occupant or a high-rent lease. Freshly updated and painted. Unit #2 (Rear - 1 BR / 1 BA | 620 Sq. Ft.): Cozy layout with wood flooring, currently occupied. Unit #3 (Front - 2 BR / 1 BA | 780 Sq. Ft.): Jan 2025 Updated kitchen & full bath, wood flooring. Unit #4 (Rear - 2 BR / 1 BA | 780 Sq. Ft.): Updated kitchen & full bath, wood flooring, new lighting, new electric panel and spray foam insulation. Key Capital Improvements: Brand New Roof (2024): Newly installed on both the main house and the detached garages, Exterior brick repointed, Fresh Paint: Freshly painted brick exterior on north side of the house, New hot 75 gallon hot water heater (2026). Passive Income: includes a detached 3-bay garage structure. Currently rented to a long-term tenant. Can be delivered vacant. Massive Basement features a large storage area and a separate utility/mechanical area-perfect for tenant storage or property management use. Situated on a quiet residential block in Kensington, you are just moments away from local cafes, diverse dining, shopping, and excellent transit options (F & G trains) for a quick, seamless commute into Manhattan or other parts of Brooklyn. An incredible asset with massive appreciation potential, and major capital improvements already complete. Schedule your tour today!
Price in context
Cheaper than 25% of the 24 homes listed nearby right now, which run $1,399,000 to $2,999,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 392 E 7th St | $1,399,000 | 5 bd · 2 ba |
| 510 Avenue C | $1,425,000 | 4 bd · 3 ba |
| 821 McDonald Ave | $1,499,000 | Studio |
| 596 E 8th St | $1,530,000 | 5 bd · 3 ba |
| 634 E 3rd St | $1,550,000 | 7 bd · 3 ba |
| 395 E 7th St | $1,589,000 | 4 bd · 1 ba |
| 299 Webster Ave | $1,695,000 | 4 bd · 2 ba |
| 374 E 9th St | $1,749,999 | 7 bd · 4 ba |
| 1023 McDonald Ave | $1,800,000 | 5 bd · 3 ba |
| 186 Dahill Rd | $1,800,000 | 9 bd · 6 ba |
| 253 Newkirk Ave | $1,800,000 | 5 bd · 3 ba |
| 253 Newkirk Ave | $1,800,000 | 5 bd · 3 ba |
| 253 Newkirk Ave | $1,800,000 | 5 bd · 3 ba |
| 1409 36th St | $1,890,000 | 7 bd · 3 ba |
| 1405 36th St | $1,890,000 | 7 bd · 3 ba |
| 374 E 9th St | $1,999,999 | 4 ba |
| 515 E 3rd St | $2,350,000 | 4 bd · 3 ba |
| 708 Ditmas Ave | $2,400,000 | 10 bd · 4 ba |
| 1553 39th St | $2,500,000 | 7 bd · 3 ba |
| 1551 39th St | $2,500,000 | 6 bd · 12 ba |
| 1439 43rd St | $2,700,000 | Studio |
| 506 Avenue C | $2,800,000 | 2 bd · 2 ba |
| 506 Avenue C | $2,800,000 | 6 bd · 6 ba |
| 850 McDonald Ave | $2,999,000 | 8 bd · 3 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more