$1,100,000
 $5,905 est/mo Sourced by Back At You

1038 E 224th Street,Bronx, NY 10466

Bronx, NY 10466

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Description

Prime 3-Family Cash-Flow Investment Opportunity in Wakefield Positioned in the vibrant Bronx neighborhood of Wakefield, 1038 East 224th Street is a versatile 3-family property designed to maximize rental yields. Whether you are looking to expand your portfolio or live in one unit while collecting substantial rent from the others, this property delivers the ideal layout and location. The home features three spacious units-a generous 4-bedroom unit, a comfortable 2-bedroom unit, and an efficient 1-bedroom unit-allowing for a diverse tenant base and minimized vacancy risk. The lower level includes a convenient walk-out unit, perfect for additional storage, recreational space, or utility access.All units were fully renovated prior to renting. Situated "close to all," residents enjoy easy access to local retail, public transportation (including nearby subway lines and bus routes), schools, and neighborhood parks-ensuring consistently high tenant demand.

Details

MLS #1049290
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1940
Days On Site9
Listing Provided ByEXIT Realty Private Client | Jose J. Flores

Features

Bed(s)7
Bath(s) 4 Total
SQ Feet2,016
BasementY
Units3
Acreage0.06

Interior

CoolingNone
HeatingBaseboard
Interior FeaturesStorage

Exterior

Construction MaterialsBrick

Parking

Garage Yes / NoNo
Parking FeaturesNone

Utilities

UtilitiesElectricity Connected, Natural Gas Connected
SewerPublic Sewer

Taxes

Tax Year2025
Tax Assessed Value52800
Tax Annual Amount7449.96

Area Information

StateNY
CountyBronx County
CityBronx
Zip Code10466
School DistrictContact Agent
Elementary SchoolContact Agent
High SchoolContact Agent
Listing VS Median (in 10466)
Price:
$1,100,000
low | high
Med:
$700,000
86.363636363636% of Average
sqft:
2,016
low | high
Med:
1,952
53.174603174603% of Average
$ / sqft:
$546
low | high
Med:
$359
84.277198211624% of Average
On site:
9
low | high
Med:
10
90% of Average
Sourced by Back At You

Market Activity 10466

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Contact

Learn More About This Property

Newburgh Office

Newburgh Office

 (845) 565-2800info@johnjleaserealtors.com
StateNY
CountyBronx County
CityBronx
Zip Code10466
School DistrictContact Agent
Elementary SchoolContact Agent
High SchoolContact Agent
Listing VS Median (in 10466)
Price:
$1,100,000
low | high
Med:
$700,000
86.363636363636% of Average
sqft:
2,016
low | high
Med:
1,952
53.174603174603% of Average
$ / sqft:
$546
low | high
Med:
$359
84.277198211624% of Average
On site:
9
low | high
Med:
10
90% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $825K - $1.375M
sqft: 1,500 - 2,500
Nearby Listings Property ImageNearby Listings Details
1023 E 224th Street Property Photo 1
$799,000
1023 E 224th Street
Bronx, NY 10466
1007 E 223rd Street Property Photo 1
$3,400
1007 E 223rd Street
Bronx, NY 10466
Listing Updated: September 11, 2026 at 2:38:25 PM PDT
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