79-20 Kneeland Ave
Listing Notes
Elmhurst Queens 3-Unit Multi-Family - Legal 2-Family with Accessory Unit, Garage & Backyard Welcome to this well-maintained brick 3-unit property in Elmhurst, Queens, offering approximately 4,400 sq ft of living space and exceptional flexibility for both investors and end-users. Configured as a legal 2-family with an accessory unit (C/O in place), this home delivers strong income potential in one of Queens' most in-demand neighborhoods. Property Highlights: Building Size: 21' x 55' Approx. 4,400 Sq Ft Interior 3-unit layout (legal 2-family + accessory unit) Gas heating system Roof, boiler, and hot water heater updated within the last 3 years Private garage + backyard Multiple balconies for added outdoor space Layout Overview: First Floor: Garage + 1-bedroom, 1-bathroom unit (3 rooms) Second Floor: Spacious 3-bedroom, 1.5-bathroom unit with balcony (6 rooms) - Delivered vacant at closing Third Floor: 3-bedroom, 1.5-bathroom unit with balcony (6 rooms) Finished Basement: Additional living space featuring laundry room, 1 bedroom, and 1.5 bathrooms Rental Income & Value-Add Opportunity: 1st Floor: $2,000/month (month-to-month) 3rd Floor: $3,300/month (month-to-month) 2nd Floor: Vacant - ideal for owner-occupancy or market-rate rental to maximize cash flow This is a standout opportunity for buyers searching for an Elmhurst multi-family home, Queens income property, or a 3-unit investment property in NYC. Live in one unit while generating income from the others, or fully lease for strong long-term returns. Prime Elmhurst Location: Conveniently located near shopping, restaurants, schools, and public transportation, with easy access to subways, buses, and major highways, making commuting throughout Queens, Manhattan, and NYC seamless. Elmhurst continues to be a high-demand rental market, making this a smart and strategic investment.
Price in context
Cheaper than 37% of the 24 homes listed nearby right now, which run $995,000 to $1,980,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 72-43 Calamus Ave | $995,000 | 3 bd · 3 ba |
| 7332 53rd Rd | $1,049,000 | 3 bd · 2 ba |
| 5750 82nd St | $1,100,000 | 3 bd · 1 ba |
| 58-12 77th Pl | $1,199,998 | 4 bd · 3 ba |
| 51-78 72nd Pl | $1,295,000 | 5 bd · 3 ba |
| 85-20 53rd Ave | $1,299,000 | 4 bd · 2 ba |
| 77-01 45th Ave | $1,299,000 | 4 bd · 2 ba |
| 5752 75th St | $1,339,000 | 6 bd · 4 ba |
| 7432 Calamus Ave | $1,400,000 | 4 bd · 3 ba |
| 44-12 76th St | $1,418,888 | 6 bd · 2 ba |
| 5222 Van Loon St | $1,499,000 | 6 bd · 3 ba |
| 8714 56th Ave | $1,499,000 | 7 bd · 3 ba |
| 54-47 83rd St | $1,550,000 | Studio |
| 72-46 45th Ave | $1,598,000 | 4 bd · 2 ba |
| 8714 56th Ave | $1,599,098 | 7 bd · 3 ba |
| 8715 Justice Ave | $1,780,000 | Studio |
| 81-20 Dongan Ave | $1,799,000 | 5 bd · 3 ba |
| 52-57 84th St | $1,825,000 | 6 bd · 3 ba |
| 52-67 72nd St | $1,850,000 | 7 bd · 2 ba |
| 79-01 45th Ave | $1,880,000 | Studio |
| 52-67 72nd St | $1,900,000 | 7 bd · 2 ba |
| 51-63 Codwise Pl | $1,980,000 | — |
| 52-41 72nd Pl | $1,980,000 | 6 bd · 6 ba |
| 52-43 72nd Pl | $1,980,000 | 6 bd · 6 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more
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