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$1,650,000
Est. payment /mo
13 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 916510
Bedrooms 13
Full Baths 6
Rental Info No
Year Built 1910
Annual Tax Amount $25,540
Property Sub-Type Triplex
Source onekey2
Property Description
Configuration: Two adjoining income-producing properties
Zoning: R4A
Total Rentable Rooms: 14 (6 in No. 350, 8 in No. 354)
Parking: 3-car garage, $250 each, $750/month total
Income Snapshot
August 2025 Gross Income: $12,974 per month (room rentals + garage)
Annualized Gross Income: ˜ $155,700
Operating Expenses (ex-mortgage): ˜ $5,000 per month includes water, sewer, electricity, gas, and insurance
Net Operating Income (NOI): ˜ $7,974 per month / ˜ $95,700 annually
Cap Rate: ~5.8%
Property Details
350 East 193rd Street
2½-story single-family home
Approx. 2,025 sq ft on a 3,658 sq ft lot
6 rentable rooms
354 East 193rd Street
2-family, 2½-story residence
Approx. 2,065 sq ft on a 5,000 sq ft lot
8 rentable rooms
Both buildings date to 1910 and retain classic Bronx frame-house character.
Investment Highlights
Turnkey Cash Flow: Established rent-by-room model with steady occupancy.
Additional Income Stream: Three garage spaces generate $750/month.
High-Demand Location: Close to Fordham University, shopping, dining, and multiple subway and bus lines.
Future Upside: Opportunity to update interiors, adjust room rents, or explore other residential configurations within R4A zoning.
Summary
Offered together for $1,650,000, 350 & 354 East 193rd Street present a rare chance to own two adjacent, fully rented properties with 14 rooms plus garage income. With gross monthly revenue approaching $13K and an NOI of nearly $96K, this portfolio delivers immediate returns and long-term growth potential in one of the Bronx's most active rental markets.
Zoning: R4A
Total Rentable Rooms: 14 (6 in No. 350, 8 in No. 354)
Parking: 3-car garage, $250 each, $750/month total
Income Snapshot
August 2025 Gross Income: $12,974 per month (room rentals + garage)
Annualized Gross Income: ˜ $155,700
Operating Expenses (ex-mortgage): ˜ $5,000 per month includes water, sewer, electricity, gas, and insurance
Net Operating Income (NOI): ˜ $7,974 per month / ˜ $95,700 annually
Cap Rate: ~5.8%
Property Details
350 East 193rd Street
2½-story single-family home
Approx. 2,025 sq ft on a 3,658 sq ft lot
6 rentable rooms
354 East 193rd Street
2-family, 2½-story residence
Approx. 2,065 sq ft on a 5,000 sq ft lot
8 rentable rooms
Both buildings date to 1910 and retain classic Bronx frame-house character.
Investment Highlights
Turnkey Cash Flow: Established rent-by-room model with steady occupancy.
Additional Income Stream: Three garage spaces generate $750/month.
High-Demand Location: Close to Fordham University, shopping, dining, and multiple subway and bus lines.
Future Upside: Opportunity to update interiors, adjust room rents, or explore other residential configurations within R4A zoning.
Summary
Offered together for $1,650,000, 350 & 354 East 193rd Street present a rare chance to own two adjacent, fully rented properties with 14 rooms plus garage income. With gross monthly revenue approaching $13K and an NOI of nearly $96K, this portfolio delivers immediate returns and long-term growth potential in one of the Bronx's most active rental markets.
Location
State NY
County Bronx County
Rooms
Basement Unfinished
Interior
Interior Features First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Heating Forced Air
Cooling None
Fireplace No
Laundry In Basement, Laundry Room
Exterior
Parking Features Garage, Waitlist
Garage Spaces 3.0
Utilities Available Trash Collection Public
Garage true
Building
Sewer Public Sewer
Water Public
Structure Type Unknown
Others
Senior Community No
Special Listing Condition None
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Listed by Weichert New Homes Co • Zak Abdullah
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