
5836 Catalpa Ave Flushing, NY 11385
Ridgewood NeighborhoodEstimated payment $9,390/month
About This Home
For Sale: 58-34 & 58-36 Catalpa Avenue – Mixed-Use Investment Property with Strong Upside. Both Building Together priced at $3,175,000.
An excellent opportunity to acquire two mixed-use buildings situated on a single lot in a desirable location. Located at 5834 and 5836 Catalpa Avenue, this property features a total of four residential units and a commercial space currently operated as a funeral home. Each building offers three stories plus a fully finished basement, maximizing usable space and income potential.
Property Overview:
Lot includes two attached buildings
Each building has:
Three stories + full finished basement
Ground Floor & Basement: Combined commercial use (Funeral Home – approx. 2,200 sq ft)
Second Floor: Two 3-bedroom, 1-bath apartments (one per building)
Third Floor: Two additional 3-bedroom, 1-bath apartments (one per building)
Basement: Finished and utilized as part of the funeral home
Current Income:
Commercial Tenant (Funeral Home):$6,000/month Lease expires January 2026
Residential Units:Three units rented with a total of $5,550/month
One unit currently vacant
Total Current Income: $11,550/month
Potential Rental Income:
Commercial Space (Funeral Home): Estimated market rent: $8,000/month
Four 3-Bedroom Apartments: Estimated total market rent: $13,200/month
(~$3,300/month per unit)
Total Potential Income: $21,200/month
This property offers immediate income with significant upside through leasing the vacant unit and adjusting below-market rents upon turnover. Ideal for investors seeking a value-add opportunity with stable tenancy and flexible future use. make it short fro realtors one fifth
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For Sale: 58-34 & 58-36 Catalpa Avenue
Mixed-Use Investment | Asking: $3,175,000
Rare opportunity to own two attached mixed-use buildings on one lot in a prime location. Property includes 4 residential units and a 2,200 sq ft commercial space (funeral home) with a finished basement.
Each building: 3 stories + finished basement
Residential Units: Four 3BR/1BA apartments
Commercial Tenant: $6,000/month (lease ends Jan 2026)
3 units rented at $5,550/month | 1 unit vacant
Current Income: $11,550/month
Potential Income: Up to $21,200/month
This property offers immediate income with significant upside through leasing the vacant unit and adjusting below-market rents upon turnover. Ideal for investors seeking a value-add opportunity with stable tenancy and flexible future use.
Listing Agent
Realty Executives Today Brokerage Phone: 718-274-2400 License #40KH0856428 Listed on: 06/24/2025

Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,370
Year Built
- Built in 1925
Lot Details
- 1,710 Sq Ft Lot
- Lot Dimensions are 20' x 86.42'
- Additional Parcels
Home Design
- Triplex
- Brick Exterior Construction
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Finished Basement
- Basement Fills Entire Space Under The House
Schools
- Contact Agent Elementary School
- Contact Agent High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Uses Natural Gas
Community Details
- 2 Units
- 2 Separate Gas Meters
Listing and Financial Details
- Legal Lot and Block 9 / 3474
Map
Home Values in the Area
Average Home Value in this Area
Tax History
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 |
---|---|---|---|---|
2025 | $8,278 | $43,685 | $10,126 | $33,559 |
2024 | $8,278 | $41,213 | $11,443 | $29,770 |
2023 | $8,370 | $41,213 | $9,656 | $31,557 |
2022 | $7,934 | $64,260 | $15,660 | $48,600 |
2021 | $8,121 | $58,020 | $15,660 | $42,360 |
2020 | $7,706 | $48,720 | $15,660 | $33,060 |
2019 | $7,184 | $42,360 | $15,660 | $26,700 |
2018 | $7,001 | $34,344 | $15,244 | $19,100 |
2017 | $3,441 | $33,120 | $15,660 | $17,460 |
2016 | $6,428 | $33,120 | $15,660 | $17,460 |
2015 | $3,940 | $30,337 | $13,842 | $16,495 |
2014 | $3,940 | $28,620 | $15,660 | $12,960 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/24/2025 06/24/25 | For Sale | $1,587,500 | -- | $481 / Sq Ft |
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Source: OneKey® MLS
MLS Number: 881667

APN: 03474-0009
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