Prime 3-Family Cash-Flow Investment Opportunity in Wakefield
Positioned in the vibrant Bronx neighborhood of Wakefield, 1038 East 224th Street is a versatile 3-family property designed to maximize rental yields. Whether you are looking to expand your portfolio or live in one unit while collecting substantial rent from the others, this property delivers the ideal layout and location.
The home features three spacious units—a generous 4-bedroom unit, a comfortable 2-bedroom unit, and an efficient 1-bedroom unit—allowing for a diverse tenant base and minimized vacancy risk. The lower level includes a convenient walk-out unit, perfect for additional storage, recreational space, or utility access.
All units were fully renovated prior to renting.
Situated "close to all," residents enjoy easy access to local retail, public transportation (including nearby subway lines and bus routes), schools, and neighborhood parks—ensuring consistently high tenant demand.
For sale
$1,100,000
1038 E 224th Street, Bronx, NY 10466
7beds
2,016sqft
Triplex, Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$546/sqft
$-- HOA
What's special
Three spacious units
- 4 hours
- 85
- 3
Zillow last checked:
Listing updated:
Listed by:
EXIT Realty Private Client 914-222-1000,
Jose J. Flores 917-353-8808
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1049290
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Cooling
- None
Features
- Storage
- Basement: Partially Finished,See Remarks,Walk-Out Access
Interior area
- Total structure area: 2,016
- Total interior livable area: 2,016 sqft
Property
Parking
- Parking features: None
Lot
- Size: 2,736 Square Feet
Details
- Parcel number: 048700055
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Brick
Condition
- Year built: 1940
Utilities & green energy
- Gas: Separate Gas Meters: 3
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Bronx
Financial & listing details
- Price per square foot: $546/sqft
- Tax assessed value: $52,800
- Annual tax amount: $7,449
- Date on market: 9/10/2026
- Cumulative days on market: 385 days
- Listing agreement: Exclusive Right To Sell
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Listed for sale | $1,100,000+0.1%$546/sqft |
Source: | ||
| 8/14/2026 | Listing removed | $1,099,000$545/sqft |
Source: | ||
| 7/6/2026 | Price change | $1,099,000-3.4%$545/sqft |
Source: | ||
| 6/30/2026 | Price change | $1,138,000-3.4%$564/sqft |
Source: | ||
| 6/27/2026 | Listed for sale | $1,178,000$584/sqft |
Source: | ||
| 6/27/2026 | Listing removed | $1,178,000$584/sqft |
Source: | ||
| 6/23/2026 | Price change | $1,178,000-5.6%$584/sqft |
Source: | ||
| 3/16/2026 | Listed for sale | $1,248,000-3.6%$619/sqft |
Source: | ||
| 3/5/2026 | Listing removed | $1,294,500$642/sqft |
Source: | ||
| 1/30/2026 | Price change | $1,294,500-0.3%$642/sqft |
Source: | ||
| 9/15/2025 | Price change | $1,298,500-4.1%$644/sqft |
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| 8/3/2025 | Price change | $1,354,000-3.2%$672/sqft |
Source: | ||
| 7/11/2025 | Listed for sale | $1,399,000+79.4%$694/sqft |
Source: | ||
| 6/16/2022 | Sold | $780,000-7%$387/sqft |
Source: | ||
| 8/19/2021 | Pending sale | $839,000+15.7%$416/sqft |
Source: | ||
| 2/1/2020 | Listing removed | $725,000$360/sqft |
Source: WAYCO REALTY INC #10643111 Report a problem | ||
| 11/7/2019 | Listed for sale | $725,000$360/sqft |
Source: WAYCO REALTY INC #10643111 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,450 +6% | $49,740 +3.6% |
| 2024 | $7,028 -1.1% | $48,000 +2.3% |
| 2023 | $7,107 | $46,920 +7.1% |
| 2022 | -- | $43,800 +8.8% |
| 2021 | -- | $40,260 +4.4% |
| 2020 | $6,543 +6% | $38,580 +24.1% |
| 2019 | $6,172 +1.2% | $31,080 +6.6% |
| 2018 | $6,100 +4.4% | $29,160 +1.7% |
| 2017 | $5,843 +8% | $28,663 +5.9% |
| 2016 | $5,412 | $27,072 +5.1% |
| 2015 | $5,412 +65.9% | $25,758 +6% |
| 2014 | $3,261 | $24,300 -3.1% |
| 2013 | -- | $25,081 +5% |
| 2012 | -- | $23,886 +5.9% |
| 2011 | -- | $22,560 +1.5% |
| 2010 | -- | $22,222 +6% |
| 2009 | -- | $20,966 +0.3% |
| 2008 | -- | $20,901 +5% |
| 2007 | -- | $19,905 +1.8% |
| 2006 | -- | $19,552 +5.6% |
| 2005 | -- | $18,519 +6% |
| 2004 | -- | $17,472 +0.3% |
| 2003 | -- | $17,418 +5% |
| 2002 | -- | $16,588 +1.8% |
| 2001 | -- | $16,294 +5.6% |
| 2000 | -- | $15,433 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Wakefield
Nearby schools
Schools provided by the listing agent
- Elementary: Contact Agent
- High: Contact Agent
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.






