831 E 221st St

New York NY 10467

3775 sq. ft.

2876 sq. ft.

Duplex

Currently for sale - view listing

Overview

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.

Features

7 bedrooms

5 bathrooms

1 carspace

1 garage space

3775 sq. ft. floor area

2876 sq. ft. lot size

Duplex

Property history for 831 E 221st St

2016

Sold

$605,000

12 Oct 2016 by Nadia Barnes, of Charles Rutenberg Realty, Inc.

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