Investor Opportunity on West 118th Street Near Morningside Park
Rare opportunity to acquire an 8-unit building on a beautiful tree-lined block in the heart of Harlem, just moments from Morningside Park. This classic brownstone-style property offers strong upside potential with 5 occupied units and 3 vacant units ready for renovation and repositioning.
The property features a private backyard, attractive historic architecture, and excellent long-term investment potential for developers, investors, or owner-operators looking to add value. The vacant units provide immediate opportunity for upgrades and increased rental income.
Conveniently located near parks, transportation, Columbia University, restaurants, shopping, and neighborhood amenities.
Property Highlights:
8-unit residential building
5 rented units
3 vacant units
Private backyard
Prime West 118th Street location
Near Morningside Park
Value-add opportunity
Needs updates and improvements
Ideal for investors or redevelopment potential
Bring your vision and unlock the full potential of this Harlem investment property.
For sale by owner
Price cut: $321K (5/31)
$1,569,000
368 W 118th St, New York, NY 10026
5beds
2,751sqft
MultiFamily
Built in 1901
-- sqft lot
$1,888,700 Zestimate®
$570/sqft
$-- HOA
What's special
Classic brownstone-style propertyPrivate backyardBeautiful tree-lined block
- 34 days |
- 3,998 |
- 113 |
Listed by:
Property Owner (718) 747-4042
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 8
- Full bathrooms: 8
Features
- Cathedral Ceiling(s)
- Basement: See Remarks
Interior area
- Total interior livable area: 2,751 sqft
Property
Lot
- Size: 1,816 Square Feet
Construction
Type & style
- Home type: MultiFamily
Condition
- New construction: No
- Year built: 1901
Utilities & green energy
- Sewer: Other
- Water: See Remarks
Community & HOA
Location
- Region: New York
Financial & listing details
- Price per square foot: $570/sqft
- Date on market: 5/31/2026
Estimated market value
$1,888,700
$1.64M - $2.17M
$6,507/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2026 | Price change | $1,569,000-17%$570/sqft |
Source: Owner Report a problem | ||
| 7/8/2024 | Listed for sale | $1,890,000$687/sqft |
Source: | ||
| 7/1/2024 | Listing removed | -- |
Source: | ||
| 2/21/2024 | Listed for sale | $1,890,000+11.2%$687/sqft |
Source: | ||
| 2/25/2022 | Listing removed | -- |
Source: StreetEasy Report a problem | ||
| 10/8/2021 | Pending sale | $1,700,000$618/sqft |
Source: StreetEasy Report a problem | ||
| 10/7/2020 | Price change | $1,700,000-10.5%$618/sqft |
Source: Brown Harris Stevens Report a problem | ||
| 9/30/2020 | Listed for sale | $1,900,000$691/sqft |
Source: Brown Harris Stevens Report a problem | ||
| 5/20/2020 | Listing removed | $1,900,000$691/sqft |
Source: Compass #H5091928 Report a problem | ||
| 3/25/2020 | Listed for sale | $1,900,000$691/sqft |
Source: OneKey MLS #H5091928 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
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.
Climate risks
Neighborhood: Harlem
Nearby schools
GreatSchools rating
- 5/10Ps 180 Hugo NewmanGrades: PK-8Distance: 0.1 mi
- 3/10Frederick Douglass Academy II Secondary SchoolGrades: 6-12Distance: 0.3 mi
A local agent can set up tours, give advice and negotiate with sellers.







