719 E 242nd Street, Bronx, NY

$1,450,000

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6

Beds

3

Baths

3,460

Square feet

0.06

Acres

About 719 E 242nd Street

Prime Investment Opportunity on the Bronx/Mount Vernon Border! This legal 4-family property delivers strong immediate cash flow with incredible value-add potential. The layout features three spacious 2-bedroom apartments and one 1-bedroom apartment, complemented by a bonus basement unit. Currently producing impressive rental income with existing rents at $2,885, $2,997, and $2,750. The building offers immediate flexibility for either an owner-occupant or an investor looking to capitalize on market-rate upside with 1 vacant unit ready for custom delivery or fresh tenancy. Ideally situated just steps from the Mount Vernon line and a short walk to the 2/5 subway lines, offering seamless commuting options into Manhattan. High demand location, steady returns, and major growth potential make this turnkey multi-family a standout addition to any portfolio!

Features of 719 E 242nd Street

MLS® # 1047740
Price $1,450,000
Bedrooms 6
Bathrooms 3.00
Full Baths 3
Square Footage 3,460
Acres 0.06
Taxes $15,903
Year Built 1931
Type Residential Income
Sub-Type Quadruplex
Status Active

Community Information

Address 719 E 242nd Street
City Bronx
County Bronx County
State NY
Zip Code 10470
Adult 55+ Community No

Amenities

Utilities Electricity Connected, Natural Gas Connected
Parking None
Is Waterfront No
Has Pool No

Interior

Interior Features First Floor Bedroom, First Floor Full Bath
Heating Natural Gas
Cooling Wall/Window Unit(s)
Has Basement Yes
Basement Finished
Fireplace No

Exterior

Exterior Brick

School Information

District Bronx 11
Elementary Ps 16 Wakefield
Middle North Bronx School Of Empowerment
High Acad-Scholarship & Entrepreneurship

Additional Information

Date Listed September 7th, 2026
Days on Market 1
Short Sale No
RE / Bank Owned No

Listing Details

OfficeKeller Williams Realty Group
Contact Info914-713-3270

Listing Map

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