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$1,599,000
6 Beds 3 Baths 1048630 MLS
Discover a premier investment or ultimate live-with-income residence in the heart of Elmhurst, Queens. Sited on a 25x100 lot, this detached multi-family property will be delivered 100% vacant at closing, allowing you to set premium market rents from day one. The building generates a proven gross annual rental income of $102,000, representing a solid 5.07% Capitalization Rate in a completely free-market, non-rent-stabilized environment. The property underwent a high-end architectural gut renovation in 2008, fully replacing all underlying infrastructure—including modernized electrical wiring, updated plumbing networks, and rich hardwood floors. Fully separate utility meters for the first and second floors drastically minimize landlord oversight and protect operating margins. Intelligent Multi-Level Layout: The home features a main secure entryway that opens into a private interior vestibule, providing dedicated, separate locked entrances to each of the three independent apartments: First Floor: Fully renovated 2-Bedroom (easily reverted to 3-BR) featuring a large living room, eat-in kitchen with brand new appliances, full bathroom, in-unit washer/dryer, and direct access to a paved, secure, gated backyard with an oversized awning. Second Floor: Independent, sun-drenched 3-Bedroom, 1-Bathroom apartment with a spacious living area, modern eat-in kitchen with a dishwasher, and dedicated brand new laundry washer/dryer. Finished Basement: Completely finished with an expansive open loft layout, featuring a legal full bathroom and a dedicated kitchen/bar area. Complete with a private entrance and electric stove, this versatile space is perfect for an owner's suite, guest quarters, home office, or auxiliary recreation. All basement utilities are included. Location & Amenities: - Parking: Secure shared driveway protected by a permanent easement, comfortably accommodating off-street parking for multiple vehicles. - Transit: Unbeatable commuter location just two blocks from Queens Boulevard. A seamless 20-minute commute to Manhattan via the Grand Ave–Newtown M/R subway station and Q29 bus line. - Lifestyle: Moments from Queens Center Mall, Target, Best Buy, Rego Park Shopping Center, and Elmhurst Hospital. - Education: Adjacent to the prestigious P.S. 102 Bayview (holding an elite 9/10 ranking). Gross Rental Income 102,000 Vacancy Loss (5,100) -------------------------------------------- Effective Gross Income 96,900 Property Taxes (7,145) Operating Expenses (9,238) -------------------------------------------- Total Expenses (16,383) ========================= Net Operating Income 80,517

85-25 56th Avenue, Elmhurst

$1,299,000
1031828 MLS
Renovation or redevelopment opportunity in the heart of Elmhurst. Situated on an approximately 25' × 90' lot totaling approximately 2,252 SF within an R6B zoning district, the property includes an existing structure that has been fully gutted, offering buyers the flexibility to explore renovation, reconfiguration, alteration, or redevelopment, subject to all required approvals. A full set of proposed architectural plans is available depicting one possible four-story, eight-unit residential concept. Buyers may also evaluate alternative residential configurations, including potential one-, two-, or three-family use, based on zoning, building code requirements, existing conditions, and agency approvals. Renovating the existing structure may provide a more streamlined and potentially cost-effective alternative to complete demolition and ground-up redevelopment. Whether pursued as a value-add renovation, a customized owner-occupied residence, or a larger redevelopment project, the property offers multiple paths to create value. Located near the Grand Avenue–Newtown subway station, Queens Boulevard, shopping, dining, parks, and major roadways, the property offers convenient access throughout Queens and to Manhattan. Property is being sold as-is. Buyer is responsible for independently verifying zoning, architectural plans, buildable square footage, utilities, permitted use, and all renovation or redevelopment potential.

88-37 54th Avenue, Elmhurst

$1,675,000
13 Beds 3 Baths 1026588 MLS
Welcome to this beautiful, move-in-ready multi-family home offering modern updates, comfortable living, and an unbeatable location. This well-maintained 3-family property features a beautifully updated interior with contemporary finishes, spacious layouts, and a perfect opportunity for both homeowners and investors. Enjoy the convenience of being located near everything you need, including public transportation, nearby train stations, buses, shopping's, laundromats, restaurants, markets, and everyday essentials. The prime location makes commuting and daily living easy and conventional. Whether you´re looking to owner-occupy or expand your investment portfolio, this is an exceptional multi-family home offers the perfect combination of comfort, convenience, and opportunity. Don't miss the chance to make this move-in-ready gem your own!

9425 40th Drive, Elmhurst

$1,499,000
7 Beds 3 Baths 1023779 MLS
Welcome to 87-14 56th Avenue, Elmhurst! Offered for the first time in over 25 years, this recently renovated, fully detached two-family home offers an exceptional opportunity in a prime location. Situated across from Queens Center Mall and close to shopping, restaurants, schools, public transportation, Queens Boulevard, and major highways, convenience is at your doorstep. Set on an approximately 2,500 sq. ft. R5-zoned lot, this property offers future potential for expansion or redevelopment (buyers are encouraged to verify all zoning and buildability with their architect and local municipality). The first floor features a formal living room, formal dining room, kitchen, three bedrooms, and a full bathroom. The second floor offers four bedrooms, a full bathroom, and a half bathroom. A full finished basement with a separate rear entrance provides additional flexible space. A private driveway adds valuable off-street parking. Perfect for owner-occupants, investors, or those seeking future development potential, this is a rare opportunity to own a centrally located Elmhurst property with endless possibilities.

8714 56th Avenue, Elmhurst

$1,480,000
11 Beds 7 Baths 1018406 MLS
Rent Roll is as follows 1F & Cell - 5.5 Rms $3,100 2F - Apt 6.5 Rms $2,660 3F - Apt 6.5 Rms $2,680 4F - Apt 6.5 Rms $2,500 Expenses are as follows: Real Estate Taxes $38031 Insurance: $3,031 Water/Sewer: $5,936 Electric: $563 Maintenance $1,450 Gross Income: $130,450 (completely free market building); Rare chance to Acquire a high- performing multifamily investment property in one of queens sought after rental markets this income producing asset offers strong cash flow stable tenancy and significant long term appreciation potential. Annual Gross Income $131.425+ Yr / Net Income$ 83.879 Yr /. all apartment are free market and Tenants pay their Own Heat & Electricity / Conveniently located near transportation shopping school making it highly attractive to investors alike

94-68 45th Avenue, Elmhurst

$1,480,000
8 Beds 7 Baths 1018095 MLS
This well-maintained perfectly situated with easy access to MTA transportation, making commuting a breeze. Rent Roll is as follows 1F & Cell - 5.5 Rms $3,250 2F - Apt 6.5 Rms $2,660 3F - Apt 6.5 Rms $2,900 4F - Apt 6.5 Rms $2,850 Expenses are as follows: Real Estate Taxes $38031 Insurance: $3,031 Water/Sewer: $6,943 Electric: $530 Maintenance $1,300 Gross Income $131,425(Completely free Market Building), close to Public transportation and major shopping hubs. Rare chance to Acquire a high- performing multifamily investment property in one of queens sought after rental markets this income producing asset offers strong cash flow stable tenancy and significant long term appreciation potential. Annual Gross Income $131.425+ Yr / Net Income$ 83.879 Yr /. all apartment are free market and Tenants pay their Own Heat & Electricity / Conveniently located near transportation shopping school making it highly attractive to investors alike

94-66 45th Avenue, Elmhurst

$1,700,000
10 Beds 3 Baths 921905 MLS
Property in the heart of Elmhurst. Legal 3 family house. Currently occupied. Perfect for investor. This Detached Colonial property, Frame, with Private Driveway. Lot size: 30x95, Building Size: 22x45. Zoning: R5. This House offers 3 units rented. 1st Floor: Lr, Eik, 3Br, Fbth, rented at $3,400. Lease expires on 08/31/2026. 2nd. Floor: Lr, Eik, 3Br, Fbth. Rented for $2,600 after November the rent increase to $3,000, N/L. 3rd Floor: Small Lr, Eik, 4br, Fbth, Rented for $2,800 N/L. Full Unfinished Basement with separate entrance. 3 Parking spaces are currently rented for additional income of $500. The property could be sold with the Paying Tenants, or only the second and third floors could be offered vacant. Close to Transportation, Restaurants, Supermarket, School and Commercial Area. Great income Potential. This property is a must see. Don't miss out!

93-10 50th Avenue, Elmhurst

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.