For sale

$1,025,000

1524 124th Street, College Point, NY 11356

12beds

5,400sqft

Triplex, Multi Family

Built in 1931

-- sqft lot

$-- Zestimate^®

$190/sqft

$-- HOA

What's special

Plenty of extra parkingFull basementBig backyard

Rare investment opportunity in the heart of College Point! This fully detached, three-story, six-family building sits on a generous 5,000 sq. ft. lot and offers incredible income-producing potential. The property features 12 bedrooms, 24 total rooms, 6 kitchens, 6 full bathrooms, and a full basement. Each apartment consists of 2 bedrooms, a living room, a kitchen, and a full bathroom. Five of the six units will be delivered vacant at closing, providing a rare opportunity for an investor or end user to renovate, set market rents, or customize the building to their needs. Only one unit will remain occupied.Includes a 2-car garage, a big backyard, and plenty of extra parking. This property requires a full renovation and is ideal for buyers with vision looking to restore and maximize its value. Opportunities like this are hard to find in College Point. Conveniently located near shopping, restaurants, public transportation, schools, and major highways.

11 days

717

40

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 6
Full bathrooms: 6

Heating

Baseboard, Other

Cooling

None

Features

Other
Basement: Partially Finished
Attic: None
Has fireplace: No

Interior area

Total structure area: 5,400
Total interior livable area: 5,400 sqft

Property

Parking

Total spaces: 4
Parking features: Carport, Detached
Garage spaces: 2
Carport spaces: 2

Lot

Size: 5,000 Square Feet
Dimensions: 50 x 100

Details

Parcel number: 040860031
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Architectural style: Colonial
Property subtype: Triplex, Multi Family

Materials

Aluminum Siding

Condition

Year built: 1931

Utilities & green energy

Gas: Separate Gas Meters: 7
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Location

Region: College Pt

Financial & listing details

Price per square foot: $190/sqft
Tax assessed value: $508,050
Annual tax amount: $18,435
Date on market: 7/22/2026
Cumulative days on market: 13 days
Listing agreement: Exclusive Right To Sell
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
1/23/2026	Listed for sale	$1,025,000$190/sqft
Source: OneKey® MLS as distributed by MLS GRID #954446 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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Climate risks

Neighborhood: College Point

Getting around

94 / 100

Walker's Paradise

49 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

5/10
Ps 129 Patricia Larkin
Grades: PK-5Distance: 0.5 mi
8/10
Jhs 194 William Carr
Grades: 6-8Distance: 2 mi
3/10
Flushing High School
Grades: 9-12Distance: 1.6 mi

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.