$1,587,500

Estimated payment $9,390/month

Total Views 2,299
6 Beds
4 Baths
3,300 Sq Ft
$481 Price per Sq Ft

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

Imran Khan

Realty Executives Today Brokerage Phone: 718-274-2400 License #40KH0856428 Listed on: 06/24/2025

Realty Executives Today

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,370

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property SubType: Triplex
  • Year Built: 1925
  • Attribution Contact: 718-274-2400
  • Carport Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Other
  • Full Bathrooms: 4
  • Basement: Finished, Full, See Remarks
  • Total Bedrooms: 6
  • Basement YN: Yes

Exterior Features

  • Construction Materials: Brick
  • Pool Private: No
  • Spa: No
  • Waterfront: No
  • Foundation Details: Block, Brick/Mortar

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas, Other
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle School: Call Listing Agent

Lot Info

  • Lot Dimensions: 20' X 86.42'
  • Lot Size Sq Ft: 1710
  • Building Area Total: 3300
  • Property Attached: Yes
  • Additional Parcels: Yes

Multi Family

  • Units Total: 2
  • Separate Gas Meters: 2

Tax Info

  • Tax Annual Amount: 8370
  • Tax Block: 3474
  • Tax Lot: 9
  • Tax Year: 2024

MLS Schools

  • Elementary School: Contact Agent
  • High School: Contact Agent
  • Middle School District: Contact Agent

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2025 06/24/25 For Sale $1,587,500 -- $481 / Sq Ft
Source: OneKey® MLS

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Source: OneKey® MLS

MLS Number: 881667

OneKey® MLS

APN: 03474-0009