Welcome to 721 E. 242nd Street, a rare four-family investment property nestled in the heart of Wakefield. Offering over 3,400 square feet of living space, this income-generating building combines classic Bronx character with exceptional potential. Situated on a quiet residential block, the property enjoys close proximity to Metro-North, subway lines, major roadways, local shops, dining, schools, and everyday conveniences.
Whether you're an investor looking to expand your portfolio or a buyer seeking a property with substantial rental income, this multifamily residence delivers both versatility and opportunity in one of the Bronx's most established neighborhoods.
This gem will not last—schedule your private viewing today!
For sale
$1,350,000
721 E 242nd Street, Bronx, NY 10470
7beds
3,460sqft
Quadruplex, Multi Family
Built in 1931
-- sqft lot
$-- Zestimate®
$390/sqft
$-- HOA
What's special
Quiet residential block
- 24 days |
- 269 |
- 21 |
Zillow last checked:
Listing updated:
Listed by:
Keller Williams Realty NYC Grp 718-697-6800,
Onyinyechi Ekpecham 347-205-1056
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1015109
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- See Remarks, Other
Cooling
- Wall/Window Unit(s)
Features
- Other
- Basement: See Remarks
Interior area
- Total structure area: 3,460
- Total interior livable area: 3,460 sqft
Property
Parking
- Parking features: Other
Lot
- Size: 2,500 Square Feet
Details
- Parcel number: 051150014
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex, Multi Family
Materials
- Block, Brick
Condition
- Year built: 1931
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: See Remarks
Community & HOA
Location
- Region: Bronx
Financial & listing details
- Price per square foot: $390/sqft
- Tax assessed value: $318,150
- Annual tax amount: $7,631
- Date on market: 6/25/2026
- Cumulative days on market: 25 days
- Listing agreement: Exclusive Right To Sell
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Listed for sale | $1,350,000$390/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #1015109 Report a problem | ||
| 6/2/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 5/26/2021 | Listed for rent | $1,800$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,030 +7.7% | $318,150 +8.9% |
| 2024 | $15,807 +1.9% | $292,140 +20% |
| 2023 | $15,509 | $243,450 +20% |
| 2022 | -- | $202,950 +13.6% |
| 2021 | -- | $178,650 -8.7% |
| 2020 | $13,070 +7.7% | $195,750 +0.2% |
| 2019 | $12,131 -1.1% | $195,300 +100.8% |
| 2018 | $12,266 +2.8% | $97,255 +3.7% |
| 2017 | $11,934 +6.5% | $93,828 +8% |
| 2016 | $11,201 | $86,880 +7.8% |
| 2015 | $11,201 +54% | $80,603 +7.7% |
| 2014 | $7,272 | $74,812 |
| 2013 | -- | $74,812 +3.7% |
| 2012 | -- | $72,176 +8% |
| 2011 | -- | $66,831 +7.8% |
| 2010 | -- | $62,003 +7.7% |
| 2009 | -- | $57,548 |
| 2008 | -- | $57,548 +3.7% |
| 2007 | -- | $55,520 +8% |
| 2006 | -- | $51,409 +7.8% |
| 2005 | -- | $47,695 +7.7% |
| 2004 | -- | $44,268 |
| 2003 | -- | $44,268 +3.7% |
| 2002 | -- | $42,708 +8% |
| 2001 | -- | $39,546 +7.8% |
| 2000 | -- | $36,689 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Wakefield
Nearby schools
GreatSchools rating
- 4/10Ps 16 WakefieldGrades: PK-5Distance: 0.4 mi
- 3/10North Bronx School of EmpowermentGrades: 6-8Distance: 1.8 mi
- 2/10New World High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Ps 16 Wakefield
- Middle: Jhs 144 Michelangelo
- 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.
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A local agent can set up tours, give advice and negotiate with sellers.
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