Enormous basementDedicated office spaceGenerous three-bedroom one-bath unitFour spacious living units
Here it is! 1661 East 172nd Street stands as a rare gem in the Bronx — a truly massive 3 Family with a Commercial Space property that doesn’t come along every day. This substantial income-producer delivers immediate cash flow with four spacious living units, a dedicated office space, and an enormous basement brimming with possibilities.
On the first floor you’ll find a generous three-bedroom, one-bath unit. The second floor features two separate units: a large four-bedroom and a three-bedroom, each with its own full bathroom. A side unit adds another three-bedroom, one-bath residence, rounding out the four-family layout. Every unit is currently occupied by excellent, long-term tenants, providing rock-solid rental income right from day one.
Beyond the living spaces, the massive basement offers endless potential — perfect for the next owner to add their personal touch with cosmetic upgrades and turn it into additional living area, storage, or even a standout recreational space. While the property is already well-maintained and delivering strong returns, it’s primed for someone ready to inject their vision and unlock even greater value.
Located in one of the Bronx’s hottest markets, this investment opportunity sits just steps from the 6 train and convenient bus lines (Bx11 and Bx4), while also being close to parks, schools, and everyday shopping. With proven rental demand and a strong history of performance, 1661 East 172nd Street is a true money-maker that promises impressive long-term upside for savvy investors. Don’t miss your chance to own this standout multi-family in a prime location.
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Zillow last checked:
Listing updated:
Listed by:
eXp Realty888-276-0630,
Manuel Galan917-599-8976
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1028415
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 13
Bathrooms: 4
Full bathrooms: 4
Heating
Natural Gas, Radiant
Cooling
Wall/Window Unit(s)
Features
First Floor Bedroom, First Floor Full Bath, High Ceilings, Natural Woodwork, Storage
Basement: Full,Partially Finished,Storage Space
Interior area
Total structure area: 4,800
Total interior livable area: 4,800 sqft
Property
Parking
Parking features: Attached, Private
Lot
Size: 2,425 Square Feet
Details
Parcel number: 038700008
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex, Multi Family
Attached to another structure: Yes
Materials
Brick
Condition
Year built: 1926
Utilities & green energy
Gas: Separate Gas Meters: 4
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Community & HOA
Location
Region: Bronx
Financial & listing details
Price per square foot: $260/sqft
Tax assessed value: $358,200
Annual tax amount: $29,457
Date on market: 7/22/2026
Listing agreement: Exclusive Right To Sell
Tenant pays: Electricity
Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/22/2026
Listed for sale
$1,249,999-0.8%$260/sqft
Source: OneKey® MLS as distributed by MLS GRID #1028415Report a problem
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.
See how much you could borrow to make a competitive offer.
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.