831 E 221st StreetBronx, NY 10467
Bronx County
Description
Prime Income-Producing 3-Family Investment Opportunity in a desirable residential section of the Northeast Bronx. This well-maintained asset features two oversized 3-bedroom, 2-bath apartments, each offering approximately 1,300 square feet of living space, plus a 1-bedroom, 1-bath unit, creating an attractive and diversified rental mix. The property is fully tenant-controlled with separate utilities, including three boilers and three hot water tanks, significantly reducing owner expenses and maximizing net operating income. Two units are occupied by long-term, stable tenants who wish to remain, while the third unit is lease-protected, providing immediate and predictable cash flow. Additional value is enhanced by a 1-car garage and rear yard access through the garage, offering functional amenities and access to the backyard. Located in a strong residential neighborhood with convenient access to public transportation, major highways, shopping, and entertainment, this property benefits from consistent rental demand and long-term appreciation potential. Ideal for investors seeking strong in-place income with upside potential and owner occupants for steady cash flow, in one of the Bronx’s established multifamily markets.
Property Information
- Property type
- Residential Income
- Sub-type
- Triplex
- Year built
- 2001
- Building area
- 3,775 Sq Ft
- Lot size
- 0.07 acres
- Garage spaces
- 1
- Days on market
- 253
- MLS® Listing#
- 951093
Property Features
- Interior
- Open Floorplan
- Cooling
- Wall/Window Unit(s)
- Heating
- Baseboard
- Parking
- Garage
- Construction
- Brick
- Utilities
- Natural Gas Available · Cable Connected · Electricity Connected · Natural Gas Connected
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- Annual taxes
- $9,326
- Assessed value
- $56,100
- Parcel number
- 04680-0020
Listing Courtesy: EXIT Realty Private Client - 7186846620
Fair Housing NoticeBronx Market Statistics
How this home compares to 40 active listings in Bronx, NY
| Bronx median | This listing | |
|---|---|---|
| Median listing price | $800,000 | $999,000 |
| Median days on market | 67 | 253 |
| Median Sq Ft | 1,683 | 3,775 |
| Median price / Sq Ft | $428 | $265 |
Market statistics compiled from active EXIT Realty® and MLS listings in Bronx, NY.
Location
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1038 E 224th Street, Bronx, NY | $1,100,000 | 7 | 4 | 2,016 |
| 3304 Wickham Avenue, Bronx, NY | $915,000 | 7 | 4 | 3,034 |
| 739 E 224th Street, Bronx, NY | $950,000 | 6 | 2 | 3,176 |
| 1283 E 223rd Street, Bronx, NY | $960,000 | 6 | 4 | 2,026 |