Two-Family Home in College
1304 123rd Street College Point, NY 11356
For Sale
$1,150,000
Pending
MULTI_FAMILY - College Point, NY
Property Size2,048 SF
Lot Size0.06 Acres
Days on Market154
Property Features for 1304 123rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 5, Basement, Bedroom 2, Bathroom 3
Parking features
On Street
Interior features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Basement
Full, Finished
Standard status
Pending
APN
03997-0027
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7734
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Natural Gas
Cooling system
Ductless, Electric
Water source
Public
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood
Building materials
Frame, Vinyl Siding
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Lirong Shao · License #10401362375
(347) 379-3843
Added: Feb 24
Changed: Jul 17
Last Checked: Jul 28 at 7:06AM
MLS# 964611
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.
This detached two-family home is located in College Point, offering approximately 2,048 sq ft of living space on a 2,500 sq ft lot. The property features hardwood flooring, split-type air conditioning, two natural gas heaters, and two hot water tanks. A fully finished basement includes a separate entrance and a half bath. Leased solar panels contribute to energy efficiency. The property includes an oversized front deck and a large backyard. The building size is 20x50. The location is near College Point Blvd, approximately half a block from supermarkets, restaurants, pharmacies, laundromats, and libraries, and close to Target, HomeGoods, and BJ's. Transportation options include the Q20, Q25, and Q26 bus lines, located two blocks away, and a 10-minute drive to Flushing. The property has R4A zoning and annual property taxes are approximately $7,829.
Key Highlights
- Detached two‑family home with approx. 2,048 sq ft living space (20x50) on a 2,500 sq ft lot with R4A zoning
- Hardwood flooring, eat‑in kitchen, and a first‑floor bedroom plus first‑floor full bath
- Split‑type air conditioning plus two natural gas heaters and two hot water tanks
Financial Insights For Apartment 5plus
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 | $94.6k | $46.20 |
| − Vacancy | −$3.6k | −$1.76 |
| EGI | $91.0k | $44.44 |
| − OpEx | −$41.0k | −$20.00 |
| NOI | $50.1k | $24.44 |
2,048 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$715.2K
$625.8K – $834.4K
NOI $50,062 @ 7.0% cap · market cap 4.35%
Second Best
Multifamily LT 5
$484.3K
$423.7K – $565.0K
NOI $33,898 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,687 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family home with finished basement and large backyard.
Where is this duplex located?
The property is located at 1304 123rd Street College Point, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Detached two‑family home with approx. 2,048 sq ft living space (20x50) on a 2,500 sq ft lot with R4A zoning; Hardwood flooring, eat‑in kitchen, and a first‑floor bedroom plus first‑floor full bath; Split‑type air conditioning plus two natural gas heaters and two hot water tanks
