831 E 221st Street, Bronx, NY 10467

• 7 beds |
• 5 baths |
• 3,775 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

February 8, 2026 at 7:20AM

Listing Office:

EXIT Realty Private Client : 718-684-6620

MLS ID:

951093

Interior

• General: Open FloorplanPrimary Bathroom
• A/C: Wall/Window Unit(s)
• Heating: Baseboard

Exterior

• Parking: Garage

Location

• Originating MLS: onekey2
• County: Bronx County

Lot

• Zoning: 04680-0020

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2