Peggy Abrams
Call: (516) 816-4777
Text: (516) 816-4777
MLS#1049290
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLContact Agent
Property Description
Prime 3-Family Cash-Flow Investment Opportunity in WakefieldPositioned 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Partially Finished, See Remarks, Walk-Out Access
Cooling: None
Heating: Baseboard
Lot Size: 0.06 Acres
Taxes: $7,449
Year Built: 1940
Amenities
Storage
Feature Descriptions
Building Area Total: 2016
Days on Site: 1
Exterior: Brick
Heating Units: 1
On Market Date: 2026-09-10
Parcel Number: 04870-0055
Parking Features: None
Rental Term: Monthly
Seller Concession: Yes
Separate Electric Meters: 4
Separate Gas Meters: 3
Sewer: Public Sewer
Units: 3
Utilities: Electricity Connected, Natural Gas Connected
Water: Public
Local Schools
High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent
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Estimated Payment
$ 3,389.71 per month $2,448.12 Principal & Interest $620.75 Property Tax $320.83 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: EXIT Realty Private Client
Agency Contact: 914-222-1000
Shown By
Agent Name: Peggy Abrams
Agent Phone: (516) 816-4777
Agency Title: Laffey Real Estate
1038 E 224th Street | MLS# 1049290
This multi-family property located at 1038 E 224th Street, Bronx, NY 10466 is currently listed for sale with an asking price of $1,100,000. E 224th Street is located within the Contact Agent school district. Search Bronx real estate on peggyabrams.laffey.com today.