751 E 224th Street #ALL, Bronx, NY 10466
Local realty services provided by:CENTURY 21 Awaye Realty
751 E 224th Street #ALL,Bronx, NY 10466
$649,500
- 9 Beds
- 7 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: robin j lennon
Office: douglas elliman real estate
MLS#:RLS20057518
Source:NY_REBNY
Price summary
- Price:$649,500
About this home
<p>The Lennon Team presents an attractive value-add investment opportunity in the northern Bronx: this 7-unit building, situated at 751 E 224th St in the Wakefield, Bronx neighborhood, offers strong income potential with a nearly 100-year-old structure and favorable positioning for long-term investors.</p> <p> <strong>Key facts:</strong></p> <ul> <li> <p>7 residential units in total. </p> </li> <li> <p>3 stories, built in 1930. </p> </li> <li> <p>Approximate building area: 4,800 sq ft. </p> </li> <li> <p>Lot size: approx. 2,860 sq ft. </p> </li> <li> <p>Zoning R4; building class C1 (Walk-up apartments over six families, no stores). </p> </li> <li> <p>Located within ZIP code 10466, Bronx Community District 12. </p> </li> </ul> <strong> Investment Highlights</strong> <ol> <li> <p> <strong>Multi-Unit Format with Scale</strong> - At 7 units, the building offers scale beyond a typical small investor duplex or triplex, enabling better amortization of operating expenses and management overhead.</p> </li> <li> <p> <strong>Value-Add Opportunity</strong> - Built in 1930, this property likely presents opportunities for modernization (interiors, appliances, finishes), thereby increasing rental premiums and overall NOI.</p> </li> <li> <p> <strong>Northern Bronx Location</strong> - The Wakefield neighborhood of the Bronx offers access to NYC transit and a relatively lower entry cost compared to Manhattan, Brooklyn or more prominent Bronx sub-markets. </p> </li> <li> <p> <strong>Zoning and Conversion Flexibility</strong> - R4 zoning supports multi-unit usage; potential exists (subject to approvals) for repositioning amenities, enhancing curb appeal, or optimizing unit layouts.</p> </li> </ol> <p> </p>...
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Home facts
- Year built:1930
- Listing ID #:RLS20057518
- Added:188 day(s) ago
- Updated:May 07, 2026 at 10:32 AM
Rooms and interior
- Bedrooms:9
- Total bathrooms:7
- Full bathrooms:7
- Rooms Total:23
- Basement:Yes
Structure and exterior
- Year built:1930
- Levels:3 Story
Finances and disclosures
- Price:$649,500
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