About 2527 Matthews Avenue
LEGAL 5 FAMILY! Exceptional opportunity in the heart of the Allerton section of the Bronx—this FULLY VACANT, well-maintained 5-Family offers incredible flexibility for both investors and end-users looking to live in one unit while generating strong rental income from the others. The property consists of four 1-Bedroom units and 1-oversized Studio, all in excellent condition with their own separate utilities, keeping operating expenses efficient and straightforward. With updated mechanicals throughout and a dedicated utility area, this is a low-maintenance, income-producing asset ready for immediate occupancy or lease-up. Delivered completely vacant, allowing you to set market rents from day one or customize occupancy to fit your needs. Ideal for an owner-occupant looking to offset living expenses or an investor seeking a stable, cash-flowing property with long-term upside. Located on a quant, tree-lined street just moments from Pelham Parkway, parks, shopping, and public transportation, offering convenience and strong tenant demand. Turnkey condition, flexible use, and rare vacancy—opportunities like this don’t come around often!
Features of 2527 Matthews Avenue
| MLS® # | 979535 |
|---|---|
| Price | $1,499,000 |
| Sold Price | $1,250,000 |
| Date Sold | August 6th, 2026 |
| Square Footage | 3,360 |
| Acres | 0.06 |
| Taxes | $13,116 |
| Year Built | 1935 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Closed |
Community Information
| Address | 2527 Matthews Avenue |
|---|---|
| City | Bronx |
| County | Bronx County |
| State | NY |
| Zip Code | 10467 |
| Adult 55+ Community | No |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Parking | On Street |
| View | City |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood |
|---|---|
| Heating | Baseboard |
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
Exterior
| Exterior | Brick |
|---|
School Information
| District | Bronx 11 |
|---|
Additional Information
| Date Listed | March 27th, 2026 |
|---|---|
| Days on Market | 154 |
| Zoning | R6 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | DeSimone Real Estate |
|---|