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!
In contract
$1,350,000
721 E 242nd St, Bronx, NY 10470
7beds
3,460sqft
Multi Family
Built in 1931
-- sqft lot
$1,322,300 Zestimate®
$390/sqft
$-- HOA
What's special
Quiet residential block
- 39 days
- 102
- 1
Zillow last checked:
Listing updated:
Listed by:
Keller Williams Realty NYC Group 347-205-1056,
Onyinyechi Ekpecham
Source: StreetEasy,MLS#: S1840534
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Features
- Has fireplace: No
Interior area
- Total structure area: 3,460
- Total interior livable area: 3,460 sqft
Property
Details
- Parcel number: 051150014
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1931
Community & HOA
Community
- Subdivision: Wakefield
Location
- Region: Bronx
Financial & listing details
- Price per square foot: $390/sqft
- Tax assessed value: $707,000
- Annual tax amount: $17,030
- Date on market: 7/31/2026
Estimated market value
$1,322,300
$1.26M - $1.39M
$4,331/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2026 | Contingent | $1,350,000$390/sqft |
Source: StreetEasy #S1840534 Report a problem | ||
| 8/25/2026 | Pending sale | $1,350,000$390/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #1015109 Report a problem | ||
| 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
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