Two-Family Investment Opportunity in the Heart of Woodside
Welcome to 5120 47th Street, a two-family home offering flexibility, income potential, and room to grow in one of Queens' most convenient neighborhoods. Set on a 20' x 100' lot and zoned R4, this owner-occupied property is delivered with vacant possession at closing — ideal for an investor or owner-user ready to make it their own.
The layout features a 2-bedroom, 1-bath unit on each of the two main floors, plus a finished basement level with two separate entrances, offering excellent potential for additional living space or income (buyer to confirm legal use). The home needs some TLC throughout, presenting a great value-add opportunity for the right buyer.
Zoned R4, the property offers as-of-right buildable area beyond the current footprint — opening the door to expansion, renovation, or repositioning without the need for a variance.
Located in Woodside, residents enjoy quick access to the 7 train and LIRR, with a commute to Manhattan in minutes. Surrounded by neighborhood staples — local shops, restaurants, and parks — this is a rare chance to secure a two-family property with real upside in a transit-rich, high-demand pocket of Queens.
Don't miss this opportunity to invest, renovate, or make it home.
Active
$1,300,000
5120 47th St, Woodside, NY 11377
5beds
--sqft
Multi Family
Built in 1905
-- sqft lot
$1,280,200 Zestimate®
$--/sqft
$-- HOA
What's special
- 20 days
- 398
- 20
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Manhattan Realty Group 646-629-0144,
Monty White Jr.
Source: StreetEasy,MLS#: S1847134
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Hardwood
- Has fireplace: No
Property
Details
- Parcel number: 023040032
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1905
Community & HOA
Community
- Subdivision: Maspeth
Location
- Region: Woodside
Financial & listing details
- Tax assessed value: $901,000
- Annual tax amount: $6,252
- Date on market: 9/14/2026
Estimated market value
$1,280,200
$1.22M - $1.34M
$3,504/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/14/2026 | Listed for sale | $1,300,000+119.6% |
Source: StreetEasy #S1847134 Report a problem | ||
| 11/15/2007 | Sold | $592,000+63.4% |
Source: Public Record Report a problem | ||
| 9/8/2003 | Sold | $362,250+74.2% |
Source: Public Record Report a problem | ||
| 6/15/2000 | Sold | $208,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $54,060 +19.8% |
| 2024 | -- | $45,120 +3.4% |
| 2023 | -- | $43,620 +20% |
| 2022 | -- | $36,360 -6.5% |
| 2021 | -- | $38,880 -8% |
| 2020 | $5,551 +4.5% | $42,240 -9.3% |
| 2019 | $5,310 +5.7% | $46,560 +93.9% |
| 2018 | $5,023 +7.4% | $24,013 +4.7% |
| 2017 | $4,676 +9.4% | $22,939 +4.9% |
| 2016 | $4,275 | $21,862 +0% |
| 2015 | $4,275 +181.5% | $21,854 +4.5% |
| 2014 | $1,519 | $20,907 +4.5% |
| 2013 | -- | $20,011 +4.7% |
| 2012 | -- | $19,116 +4.9% |
| 2011 | -- | $18,219 +0% |
| 2010 | -- | $18,212 +12.6% |
| 2009 | -- | $16,173 +4.8% |
| 2008 | -- | $15,426 |
Find assessor info on the county website




