1038 E 224th St Bronx, NY 10466
Wakefield NeighborhoodEstimated payment $6,720/month
About This Home
Prime 3-Family Cash-Flow Investment Opportunity in Wakefield
Positioned in the vibrant Bronx neighborhood of Wakefield, 1038 East 224th Street is a versatile 3-family property designed to maximize rental yields. Whether you are looking to expand your portfolio or live in one unit while collecting substantial rent from the others, this property delivers the ideal layout and location.
The home features three spacious units—a generous 4-bedroom unit, a comfortable 2-bedroom unit, and an efficient 1-bedroom unit—allowing for a diverse tenant base and minimized vacancy risk. The lower level includes a convenient walk-out unit, perfect for additional storage, recreational space, or utility access.
All units were fully renovated prior to renting.
Situated "close to all," residents enjoy easy access to local retail, public transportation (including nearby subway lines and bus routes), schools, and neighborhood parks—ensuring consistently high tenant demand.
Listing Agent
EXIT Realty Private Client Brokerage Phone: 914-222-1000 License #10301219876 Listed on: 09/10/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,450
Year Built
- Built in 1940
Lot Details
- 2,736 Sq Ft Lot
Home Design
- Triplex
- Brick Exterior Construction
Interior Spaces
- Storage
- Partially Finished Basement
- Walk-Out Basement
Bedrooms and Bathrooms
- 7 Bedrooms
- 4 Full Bathrooms
Schools
- Contact Agent Elementary School
- Contact Agent High School
Utilities
- No Cooling
- Baseboard Heating
- Natural Gas Connected
Listing and Financial Details
- Assessor Parcel Number 04870-0055
Community Details
Overview
- 3 Units
Building Details
- 4 Separate Electric Meters
- 3 Separate Gas Meters
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $7,450 | $38,983 | $6,379 | $32,604 |
| 2025 | $7,028 | $37,092 | $6,443 | $30,649 |
| 2024 | $7,028 | $34,992 | $6,299 | $28,693 |
| 2023 | $7,107 | $34,992 | $6,444 | $28,548 |
| 2022 | $6,866 | $43,800 | $8,640 | $35,160 |
| 2021 | $6,837 | $40,260 | $8,640 | $31,620 |
| 2020 | $6,543 | $38,580 | $8,640 | $29,940 |
| 2019 | $6,100 | $31,080 | $8,640 | $22,440 |
| 2018 | $5,944 | $29,160 | $8,535 | $20,625 |
| 2017 | $5,843 | $28,663 | $7,178 | $21,485 |
| 2016 | $5,412 | $27,072 | $7,314 | $19,758 |
| 2015 | $3,261 | $25,758 | $8,480 | $17,278 |
| 2014 | $3,261 | $24,300 | $9,600 | $14,700 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/10/2026 09/10/26 | For Sale | $1,100,000 | +41.0% | $546 / Sq Ft | |
| 06/16/2022 06/16/22 | Sold | $780,000 | 0.0% | $387 / Sq Ft | View Prior Sale |
| 08/19/2021 08/19/21 | Pending | -- | -- | -- | |
| 08/05/2021 08/05/21 | Off Market | $780,000 | -- | -- | |
| 07/15/2021 07/15/21 | Price Changed | $839,000 | -1.3% | $416 / Sq Ft | |
| 06/30/2021 06/30/21 | For Sale | $850,000 | +9.0% | $422 / Sq Ft | |
| 06/24/2021 06/24/21 | Off Market | $780,000 | -- | -- | |
| 06/24/2021 06/24/21 | For Sale | $850,000 | -- | $422 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $780,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Title Usa Insurance Corp |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $780,000 | Purchase Money Mortgage | |
| Closed | $120,000 | Purchase Money Mortgage | |
| Previous Owner | $347,000 | No Value Available | |
| Previous Owner | $50,298 | No Value Available | |
| Previous Owner | $212,000 | No Value Available | |
| Previous Owner | $200,000 | Unknown |
Source: OneKey® MLS
MLS Number: 1049290
APN: 04870-0055
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Based on information submitted to the MLS GRID
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