Pending

$1,298,000

7553 197th Street, Fresh Meadows, NY 11366

2beds

1,848sqft

Duplex, Multi Family

Built in 1950

-- sqft lot

$-- Zestimate^®

$702/sqft

$-- HOA

What's special

Location, location, location.Fabulous, brick legal 2-family. Rare opportunity to own a legal 2-family in a prime area of Fresh Meadows. This property offers incredible investment potential for rental income or is perfect for owner occupancy and extended family living. Residents enjoy easy access to a wide array of shops, access to the LIE, Grand Central, Express buses to Manhattan, restaurants, supermarkets, and Cunningham Park. Located in a top-rated school district 26. Each apartment features a spacious 2-bedroom, 1 full bathroom, an eat-in kitchen, a living room, and a formal dining room. It provides ample space for comfortable living. In addition, it has a basement with a separate entrance, a beautiful backyard, a 2-car garage, and a long, wide driveway. The property has endless possibilities to attract a qualified and steady stream of renters. Don't miss this unique opportunity to own a piece of Fresh Meadows finest Real Estate.

121 days

2

0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Hot Air, Natural Gas

Cooling

None

Features

First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Formal Dining, Granite Counters
Flooring: Brick, Hardwood
Basement: Walk-Out Access
Has fireplace: No

Interior area

Total structure area: 1,848
Total interior livable area: 1,848 sqft

Property

Parking

Total spaces: 4
Parking features: Detached, Driveway, Garage
Garage spaces: 2
Has uncovered spaces: Yes

Lot

Size: 2,952 Square Feet
Dimensions: 36 x 82
Features: Back Yard, Front Yard

Details

Parcel number: 072140055
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Multi Family
Attached to another structure: Yes

Materials

Brick

Condition

Actual,Updated/Remodeled
Year built: 1950

Utilities & green energy

Gas: Separate Gas Meters: 2
Sewer: Public Sewer
Water: Public
Utilities for property: None

Community & HOA

Location

Region: Fresh Meadows

Financial & listing details

Price per square foot: $702/sqft
Tax assessed value: $1,198,000
Annual tax amount: $11,000
Date on market: 4/20/2026
Cumulative days on market: 120 days
Listing agreement: Exclusive Right To Sell

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/3/2026	Pending sale	$1,298,000$702/sqft
Source: OneKey® MLS as distributed by MLS GRID #979379 Report a problem
4/20/2026	Listed for sale	$1,298,000$702/sqft
Source: OneKey® MLS as distributed by MLS GRID #979379 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$71,880 +0.3%
2024	--	$71,640 +6.6%
2023	--	$67,200 +1.1%
2022	--	$66,480 +8.1%
2021	--	$61,500

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: Fresh Meadows

Getting around

14 / 100

Car-Dependent

66 / 100

Bikeable

Nearby schools

GreatSchools rating

8/10
Ps 26 Rufus King
Grades: PK-5Distance: 0.4 mi
10/10
JHS 216 George J Ryan
Grades: 6-8Distance: 1.2 mi
5/10
Francis Lewis High School
Grades: 9-12Distance: 1.2 mi

Schools provided by the listing agent

Elementary: Ps 173 Fresh Meadows
Middle: Jhs 216 George J Ryan
High: Francis Lewis High School

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.