4121 Grace Avenue, Bronx, NY 10466

• 3 beds |
• 2 baths |
• 1,417 sqft

Property Description

Nestled in the Wakefield neighborhood of the Bronx, 4121 Grace Avenue is a charming two-family brick home that seamlessly blends timeless character with modern-day potential. Constructed in 1940, this single-story residence offers 1,417 square feet of living space on a 2,375-square-foot lot, presenting a rare opportunity for both homeowners and investors alike. Its classic brick exterior reflects the durability and craftsmanship of its era, while the layout inside provides flexibility that meets today’s evolving housing needs. The home is configured as a two-family property, featuring separate living spaces that allow for a variety of uses. Whether you’re a buyer looking to offset your mortgage with rental income, an investor seeking a solid addition to your portfolio, or a homeowner planning for multi-generational living, this property checks all the boxes. Each unit offers its own sense of privacy while still being part of a cohesive structure, creating a balance between independence and connection. Inside, the home carries a sense of warmth and practicality. While it maintains elements of its original charm, it also offers a canvas for updates and customization. This is the kind of property where a buyer can move in and enjoy it as-is, or gradually modernize it to match their vision. From reimagining kitchens and baths to enhancing living areas, the potential to add value is clear. For those with an eye for design or long-term investment, this home represents an opportunity to build equity over time. The lot itself, though modest in size, is manageable and functional—ideal for homeowners who prefer low maintenance without sacrificing outdoor space. Whether used for a small garden, outdoor seating, or simply as a private retreat, it adds to the overall livability of the property. In a neighborhood like Wakefield, where space is at a premium, even a compact yard can significantly enhance day-to-day life. Location is where this property truly stands out. Wakefield is known for its strong sense of community, tree-lined streets, and a quieter residential feel compared to other parts of the Bronx. Yet, it remains incredibly well-connected. The home is approximately half a mile from the Nereid Avenue subway station, providing access to the 2 and 5 trains. This makes commuting into Manhattan or navigating other parts of New York City both convenient and reliable—an essential factor for today’s buyers. Beyond transportation, the surrounding area offers a wide range of amenities. Residents enjoy proximity to local shops, restaurants, parks, and schools, all contributing to a neighborhood that feels both established and vibrant. Wakefield has long been appreciated for its balance—offering the energy of city living without sacrificing a sense of neighborhood identity. It’s a place where people tend to stay, invest, and build long-term roots. For buyers thinking strategically, the two-family setup opens doors beyond just living space. It creates an income-producing opportunity in a market where that flexibility is increasingly valuable. Whether renting out one unit to help cover expenses or housing extended family while maintaining separate quarters, the possibilities are both practical and financially beneficial. In summary, 4121 Grace Avenue is more than just a property—it’s an opportunity. It combines the enduring appeal of a well-built 1940 brick home with the versatility of a two-family layout and the convenience of a prime Bronx location. With solid bones, income potential, and access to transportation and community amenities, it stands as a compelling option for buyers who understand value when they see it. In a market where flexibility and location are key, this home continues to prove why Wakefield remains one of the Bronx’s most enduring and desirable neighborhoods.

Listing Status:

Active

Data Last Updated:

March 25, 2026 at 12:20PM

Listing Office:

Coldwell Banker Realty : 914-245-3400

MLS ID:

973104

Interior

• General: Granite Counters
• Basement: FinishedFullSee RemarksWalk-Out Access
• A/C: Wall/Window Unit(s)
• Heating: Baseboard

Exterior

• Style: Ranch
• Parking: DrivewayGarageParking spaces: 2

Location

• Originating MLS: onekey2
• County: Bronx County

Lot

• Zoning: 05014-0041
• Fencing: Back Yard

Utilities

• Utilities: Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedTrash Collection Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2