Spacious Bronx Two-Family
1163 Virginia Avenue Bronx, NY 10472
1163 Virginia Avenue, Bronx, NY, 10472
$849,999
Pending
For Sale
$849,999
Pending
MULTI_FAMILY - Bronx, NY
Property Size2,500 SF
Lot Size0.06 Acres
Days on Market112
Property Features for 1163 Virginia Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Parking features
- On Street
- Interior features
- First Floor Bedroom, First Floor Full Bath, Entrance Foyer, Walk Through Kitchen, Walk-In Closet(s)
- Standard status
- Pending
- APN
- 03759-0047
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Radiant
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1920
- Number of units
- 2
- Flooring type
- Hardwood, Carpet
- Building materials
- Stucco
Listing agency
Keller Williams Realty NYC Grp
(718) 697-6800
Listed by
Vanessa Villanueva
(917) 557-5302
Added: Apr 2 Updated: Jul 17 at 9:20PM Checked: Jul 22 at 10:06AM
MLS# 924220
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in the Parkchester/Soundview section of the Bronx, 1163 Virginia Avenue is a fully detached legal two-family home. The property offers over 2,500 square feet of living space, presenting an opportunity for buyers seeking space, flexibility, and income potential. The main residence is a four-bedroom duplex with two full bathrooms, hardwood floors, a full living room, a separate dining area, an office, and a mudroom/laundry room. The lower level includes an unfinished apartment that requires a full renovation, offering potential for customization or future added value. The home also features a stucco exterior and a private backyard. The lot size is 0.0587 acres. The property's intended use is for multifamily or residential income purposes. Please note that the parking lot next door is a separate lot and is not for sale. Due to the current condition, a renovation loan may be required. Third-party approval is required with the Department of Buildings and the State.
Key Highlights
- Fully detached legal 2‑family home with over 2,500 sq ft of living space
- Main residence offers a 4‑bedroom duplex with 2 full bathrooms, separate dining area, office, and mudroom/laundry room
- Interior features include first‑floor bedroom, first‑floor full bath, walk‑through kitchen, and walk‑in closet(s)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.0k | $38.40 |
| − Vacancy | −$5.3k | −$2.11 |
| EGI | $90.7k | $36.29 |
| − OpEx | −$27.2k | −$10.89 |
| NOI | $63.5k | $25.40 |
2,500 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$907.2K
$793.8K – $1.06M
NOI $63,504 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$821.6K
$718.9K – $958.5K
NOI $57,509 @ 7.0% cap · market cap 6.77%
Theoretical Best
Warehouse
$1.73M
$1.52M – $2.02M
NOI $121,263 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home in Parkchester/Soundview with income potential.
Where is this duplex located?
The property is located at 1163 Virginia Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $849,999.
What are key features of this property?
This property features: Fully detached legal 2‑family home with over 2,500 sq ft of living space; Main residence offers a 4‑bedroom duplex with 2 full bathrooms, separate dining area, office, and mudroom/laundry room; Interior features include first‑floor bedroom, first‑floor full bath, walk‑through kitchen, and walk‑in closet(s)
