719 E 242nd Street, Bronx, NY 10470

• 6 beds |
• 3 baths |
• 3,460 sqft

Property Description

Prime Investment Opportunity on the Bronx/Mount Vernon Border! This legal 4-family property delivers strong immediate cash flow with incredible value-add potential. The layout features three spacious 2-bedroom apartments and one 1-bedroom apartment, complemented by a bonus basement unit. Currently producing impressive rental income with existing rents at $2,885, $2,997, and $2,750. The building offers immediate flexibility for either an owner-occupant or an investor looking to capitalize on market-rate upside with 1 vacant unit ready for custom delivery or fresh tenancy. Ideally situated just steps from the Mount Vernon line and a short walk to the 2/5 subway lines, offering seamless commuting options into Manhattan. High demand location, steady returns, and major growth potential make this turnkey multi-family a standout addition to any portfolio!

Listing Status:

Active

Data Last Updated:

October 6, 2026 at 4:21PM

Listing Office:

Keller Williams Realty Group : 914-713-3270

MLS ID:

1047740

Interior

• General: First Floor BedroomFirst Floor Full Bath
• Basement: Finished
• A/C: Wall/Window Unit(s)
• Heating: Natural Gas

Exterior

• Parking: None

Location

• Originating MLS: onekey2
• School District: Bronx 11
• County: Bronx County

Lot

• Zoning: 05115-0015

Utilities

• Utilities: Electricity ConnectedNatural Gas Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2