732 E 223rd St Bronx, NY 10466
Wakefield NeighborhoodEstimated payment $6,435/month
About This Home
Outstanding Investment Opportunity!
Presenting a high income, turn-key income property offering immediate and reliable cash flow. This fully leased asset features a generous 4-bedroom unit generating $4200 per month and a well-maintained 3-bedroom unit earning $3,800 per month. The property presents a great value-add opportunity with the possibility of legally converting the existing two-family layout into a three-family configuration, adding to overall revenue.
With all units occupied, investors can benefit from instant rental income without the downtime or expense associated with vacancy turnover. With dependable performance, low operational demands, and compelling long-term growth potential, this property serves as a valuable addition to any real estate portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,236
Year Built
- Built in 1915
Lot Details
- 2,856 Sq Ft Lot
- Lot Dimensions are 114.25x25.00
Home Design
- Entry on the 1st floor
Interior Spaces
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 7 Bedrooms
- 2 Full Bathrooms
Additional Features
- Green Building
- No Cooling
Community Details
- 2 Units
- Wakefield Subdivision
Listing and Financial Details
- Legal Lot and Block 0066 / 04836
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 | $6,824 | $36,014 | $5,580 | $30,434 |
| 2024 | $6,824 | $33,977 | $6,105 | $27,872 |
| 2023 | $6,510 | $32,054 | $5,956 | $26,098 |
| 2022 | $6,080 | $43,740 | $9,120 | $34,620 |
| 2021 | $6,409 | $41,220 | $9,120 | $32,100 |
| 2020 | $6,353 | $38,460 | $9,120 | $29,340 |
| 2019 | $5,923 | $38,280 | $9,120 | $29,160 |
| 2018 | $5,445 | $26,712 | $7,061 | $19,651 |
| 2017 | $4,874 | $25,380 | $7,001 | $18,379 |
| 2016 | $4,764 | $25,380 | $8,573 | $16,807 |
| 2015 | $2,668 | $25,010 | $9,456 | $15,554 |
| 2014 | $2,668 | $23,595 | $9,295 | $14,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/15/2025 12/15/25 | For Sale | $1,100,000 | +1.9% | -- |
| 11/20/2025 11/20/25 | For Sale | $1,080,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $551,200 | -- | |
| Deed | $390,000 | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $541,216 | FHA | |
| Previous Owner | $351,000 | Purchase Money Mortgage |
Source: Real Estate Board of New York (REBNY)
MLS Number: RLS20063605
APN: 04836-0066
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This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved.
RLS Data display by Homes.com LLC
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