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.
For sale
Price cut: $70K (9/2)
$1,179,999
1661 E 172nd Street, Bronx, NY 10472
13beds
4,800sqft
Quadruplex, Multi Family
Built in 1926
-- sqft lot
$-- Zestimate®
$246/sqft
$-- HOA
What's special
Enormous basementDedicated office spaceGenerous three-bedroom one-bath unitFour spacious living units
- 48 days
- 560
- 29
Zillow last checked:
Listing updated:
Listed by:
eXp Realty 888-276-0630,
Manuel Galan 917-599-8976
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: $246/sqft
- Tax assessed value: $358,200
- Annual tax amount: $29,457
- Date on market: 7/22/2026
- Cumulative days on market: 48 days
- Listing agreement: Exclusive Right To Sell
- Tenant pays: Electricity
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Price change | $1,179,999-5.6%$246/sqft |
Source: | ||
| 7/22/2026 | Listed for sale | $1,249,999-0.8%$260/sqft |
Source: | ||
| 5/6/2026 | Listing removed | $1,260,000$263/sqft |
Source: eXp Realty #879336 Report a problem | ||
| 3/13/2026 | Price change | $1,260,000-3.8%$263/sqft |
Source: | ||
| 1/15/2026 | Listed for sale | $1,310,000$273/sqft |
Source: | ||
| 12/2/2025 | Listing removed | $1,310,000$273/sqft |
Source: | ||
| 8/4/2025 | Price change | $1,310,000-12.7%$273/sqft |
Source: | ||
| 6/18/2025 | Listed for sale | $1,500,000+79.6%$313/sqft |
Source: | ||
| 2/3/2025 | Listing removed | $3,777$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/30/2025 | Price change | $3,777+30.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/24/2025 | Price change | $2,900-23.2%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/28/2024 | Listed for rent | $3,777$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/18/2024 | Listing removed | $3,777$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/23/2024 | Listed for rent | $3,777$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/27/2024 | Sold | $835,000$174/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $30,462 +3.2% | $358,200 +0.6% |
| 2024 | $29,513 +10% | $355,950 +13.6% |
| 2023 | $26,818 | $313,200 -20% |
| 2022 | -- | $391,500 +25% |
| 2021 | -- | $313,200 -9% |
| 2020 | $23,378 +3.2% | $344,250 +1.5% |
| 2019 | $22,650 +6.8% | $339,300 +101.8% |
| 2018 | $21,209 +7.1% | $168,169 +8% |
| 2017 | $19,806 +6.5% | $155,717 +8% |
| 2016 | $18,588 | $144,185 +0% |
| 2015 | $18,588 +54% | $144,176 +3.2% |
| 2014 | $12,068 | $139,685 +8% |
| 2013 | -- | $129,361 +8% |
| 2012 | -- | $119,783 +8% |
| 2011 | -- | $110,912 +0% |
| 2010 | -- | $110,905 +3.2% |
| 2009 | -- | $107,450 +8% |
| 2008 | -- | $99,509 +8% |
| 2007 | -- | $92,141 +8% |
| 2006 | -- | $85,317 +0% |
| 2005 | -- | $85,312 +3.2% |
| 2004 | -- | $82,654 +8% |
| 2003 | -- | $76,546 +8% |
| 2002 | -- | $70,878 +8% |
| 2001 | -- | $65,629 +0% |
| 2000 | -- | $65,625 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Soundview
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.





