Prime 3-Family Investment Opportunity in the Heart of Flushing
Exceptional opportunity to own a well-maintained 3-family property in one of the most desirable locations in Flushing, Queens. Perfect for both end-users and investors, this property offers excellent income potential in a high-demand rental market.
The building features three spacious units:
1st Floor: 2 bedrooms, 1 full bathroom
2nd Floor: 3 bedrooms, 2 full bathrooms
3rd Floor: 3 bedrooms, 1.5 bathrooms
Each unit offers generous layouts, great natural light, and comfortable living space.
Additional Highlights:
Finished basement – ideal for recreation, storage, or additional usable space
Two minute walk to Main Street
Private backyard for outdoor enjoyment
Indoor garage for secure parking
Two additional parking spaces in front of the property
Excellent setup for owner-occupancy with rental income
Conveniently located near shopping, restaurants, schools, and public transportation, this property combines comfort, convenience, and strong investment potential.
A rare opportunity to own a solid multi-family home in the center of Flushing!
Prime Development Opportunity – Flushing, Queens
Rare offering of a 21' x 135' extra-deep lot located on Franklin Ave between Main St and Kissena Blvd, one of the most sought-after corridors in Flushing.
Zoned R6, this property offers excellent development flexibility:
Up to 3.0 FAR for standard residential development
Up to 4.8 FAR for residential and community facility use
Additional bonus FAR available for affordable housing (Inclusionary Housing Program)
The lot’s exceptional depth (135 ft) provides a highly efficient layout for developers, allowing for better unit mix, light, and design flexibility.
Situated in a prime, high-demand location just minutes from Main Street’s transportation hub, shopping, restaurants, and schools, this site is ideal for:
Residential rental development
Condo projects
Community facility (medical, educational, etc.)
Affordable housing with maximum buildable potential
Strong upside potential in one of Queens’ most active and resilient markets.
In contract
$2,980,000
13901 Franklin Ave, Flushing, NY 11355
8beds
3,139sqft
Multi Family
Built in 1960
-- sqft lot
$2,554,200 Zestimate®
$949/sqft
$-- HOA
What's special
Great natural lightThree spacious unitsGenerous layoutsComfortable living space
- 145 days
- 163
- 1
Zillow last checked:
Listing updated:
Listed by:
E Realty International Corp 646-996-5934,
Frank Ko
Source: StreetEasy,MLS#: S1817041
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Bike Room
Features
- Flooring: Hardwood
- Has fireplace: No
Interior area
- Total structure area: 3,139
- Total interior livable area: 3,139 sqft
Property
Parking
- Parking features: Garage
- Has garage: Yes
Details
- Parcel number: 051350043
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1960
Community & HOA
Community
- Subdivision: Flushing
Location
- Region: Flushing
Financial & listing details
- Price per square foot: $949/sqft
- Tax assessed value: $2,172,000
- Annual tax amount: $14,172
- Date on market: 4/8/2026
Estimated market value
$2,554,200
$2.35M - $2.78M
$2,597/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2026 | Sold | $2,550,000-14.4%$812/sqft |
Source: Public Record Report a problem | ||
| 8/11/2026 | Pending sale | $2,980,000$949/sqft |
Source: | ||
| 7/22/2026 | Contingent | $2,980,000$949/sqft |
Source: StreetEasy #S1817041 Report a problem | ||
| 4/8/2026 | Price change | $2,980,000-9.7%$949/sqft |
Source: | ||
| 3/17/2026 | Price change | $3,300,000-13.2%$1,051/sqft |
Source: | ||
| 2/3/2026 | Listed for sale | $3,800,000-15.6%$1,211/sqft |
Source: | ||
| 11/29/2025 | Listing removed | $4,500,000$1,434/sqft |
Source: StreetEasy #S1786218 Report a problem | ||
| 8/21/2025 | Listed for sale | $4,500,000+765.4%$1,434/sqft |
Source: StreetEasy #S1786218 Report a problem | ||
| 8/19/2017 | Listing removed | $2,950$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 6/14/2017 | Price change | $2,950-16.9%$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 5/22/2017 | Listed for rent | $3,550$1/sqft |
Source: Zillow Rental Network Report a problem | ||
| 8/11/1999 | Sold | $520,000$166/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $130,320 -4.1% |
| 2024 | -- | $135,840 +3.6% |
| 2023 | -- | $131,160 +18.4% |
| 2022 | -- | $110,820 +17.1% |
| 2021 | -- | $94,620 +4% |
| 2020 | $12,598 +3.2% | $90,960 +6.8% |
| 2019 | $12,207 +4.7% | $85,200 +52.9% |
| 2018 | $11,657 +8.8% | $55,726 +6% |
| 2017 | $10,717 +18.1% | $52,573 +6% |
| 2016 | $9,077 | $49,598 |
| 2015 | $9,077 +63.8% | $49,598 +0.8% |
| 2014 | $5,543 | $49,225 +6% |
| 2013 | -- | $46,439 +6% |
| 2012 | -- | $43,811 +6% |
| 2011 | -- | $41,332 |
| 2010 | -- | $41,332 +0.8% |
| 2009 | -- | $41,022 +6% |
| 2008 | -- | $38,700 +6% |
| 2007 | -- | $36,510 +6% |
| 2006 | -- | $34,444 |
| 2005 | -- | $34,444 +0.8% |
| 2004 | -- | $34,185 +6% |
| 2003 | -- | $32,251 +6% |
| 2002 | -- | $30,426 +6% |
| 2001 | -- | $28,704 |
| 2000 | -- | $28,704 |
Find assessor info on the county website







