Queens, NY, United States
Renovated 4-Family House with Stable Income in Queens
$1,500,000
- 8
- Bedrooms
- 5
- Bathrooms
- 199 m²
- Plot
- House
- Type
- 29 Aug 2026
- Listed
The Habio take
This renovated 4-family semi-attached house is fully rented with reliable tenants, making it a promising investment opportunity. Located in Queens Village, it offers convenient access to nearby shopping and transportation.
- investment
- rental income
- urban
Highlights
- Fully rented with reliable tenants
- Renovated within the last five years
- High net operating income
- 7.67% cap rate
- Convenient location near shopping and transport
- Vacant unit for owner-occupancy or additional rental
Worth knowing
- Selling occupied with paying tenants may not suit all buyers
- Market conditions may affect future rental income
Good fit for: Ideal for an investor seeking a stable income and property in a key location.
Lifestyle scores
- Beach
- 0
- Walkable
- 75
- Remote work
- 70
- Family
- 75
- Retirement
- 60
- Airport access
- 80
- Investment
- 85
- Luxury
- 50
- Value
- 70
About this place
This mint condition, corner legal 4-family semi-attached house in Queens Village is fully rented and features great paying tenants. Renovated within the last five years, it comprises one 3-bedroom apartment, two 2-bedroom apartments, and one 1-bedroom apartment, providing a total of five units that generate an annual rent roll of $141,540.
The property sits on a 199 m² plot with dimensions of 20.17 ft x 106 ft and a building size of 20 ft x 72 ft in an R3-2 zoning area. The net operating income (NOI) stands at approximately $115,055 annually, yielding a cap rate of 7.67%. Recent updates include a new gas line, electrical systems, gas boiler, hot water heaters, a new roof, and brand-new windows throughout the building. The stucco was refreshed two years ago, and the side sidewalk and sewer line have been updated.
The property is being sold occupied with paying tenants and offers a back parking area and a full basement. The top floor front 2-bedroom unit is currently vacant and newly renovated. Its prime location near Jamaica Avenue allows for easy access to shopping and transportation.
Where you’ll be
Queens, NY, United States
Exact location is confirmed by the agent on enquiry.
Buying property in United States
Buying property in the United States involves engaging a real estate agent, making an offer, and completing several legal and financial steps. Additional costs include legal fees, title insurance, and possibly state-specific transfer taxes, which should be budgeted in addition to the price.
Real estate laws and regulations can vary significantly by state and locality, which affects documents and costs.
For accurate and up-to-date advice, consulting with local legal professionals and real estate experts is recommended.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser.
