Two-Family Residential Income
4315 56th Street Woodside, NY 11377
4315 56th Street, Woodside, NY, 11377
$1,388,888
For Sale
$1,388,888
MULTI_FAMILY - Woodside, NY
Property Size2,048 SF
Lot Size0.05 Acres
Price / SF$678.17
Days on Market29
Property Features for 4315 56th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 2
- Bathrooms
- 1
- Rooms
- Basement, Bedroom 1, Bathroom 1, Bedroom 2
- Parking features
- Driveway
- Basement
- Finished
- Standard status
- Active
- APN
- 01329-0016
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 10124
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 2
- Building materials
- Frame
Listing Agency
Douglas Elliman Real Estate
(516) 746-0440
1700 Lakeville Rd, Huntington Station, NY
Listed by
Ricardo D. Mendez · License #10301214562
(718) 956-5000
Added: Jun 22 Updated: Jul 17 at 9:21 pm Checked: Jul 20 at 9:06 pm
MLS# 1016922
Listing URL
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 well-maintained two-family frame home was built in 1930 and offers classic, functional living arrangements with two separate apartments. Each unit features 2 bedrooms and 1 bathroom, and the property includes a full basement. Exterior details include light-colored siding, a dark shingled roof, and two prominent front gabled dormers above an inviting front porch with brick steps. The home also has mature landscaping with neatly trimmed hedges and generous windows throughout.
Located in Woodside (Queens Community District 2), the property is described as being just blocks to the 7 Train and the Woodside LIRR station, with the 7 Train noted at approximately 0.16 miles. The remarks also cite strong walkability and transit access, including a Walk Score of 94 and a Transit Score of 100, along a quiet, tree-lined residential block. Nearby conveniences mentioned include dining, shopping, parks, everyday amenities, and schools such as P.S. 11.
The layout supports multiple occupancy and household needs, making it suitable for investors seeking a two-unit rental configuration and for owner-occupants who want to live in one unit while renting the other. With two independently configured apartments plus a full basement, the property provides practical space for flexible long-term use.
Located in Woodside (Queens Community District 2), the property is described as being just blocks to the 7 Train and the Woodside LIRR station, with the 7 Train noted at approximately 0.16 miles. The remarks also cite strong walkability and transit access, including a Walk Score of 94 and a Transit Score of 100, along a quiet, tree-lined residential block. Nearby conveniences mentioned include dining, shopping, parks, everyday amenities, and schools such as P.S. 11.
The layout supports multiple occupancy and household needs, making it suitable for investors seeking a two-unit rental configuration and for owner-occupants who want to live in one unit while renting the other. With two independently configured apartments plus a full basement, the property provides practical space for flexible long-term use.
Key Highlights
- Two‑family frame home built in 1930 with approximately 2,048 sq ft of living space
- Each unit offers 2 bedrooms and 1 bathroom, for a 4‑bedroom/2‑bath total layout
- 20' x 100' lot with light‑colored siding, dark shingled roof, and two front gabled dormers
Local 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 3.60%
Second Best
Multifamily LT 5
$484.3K
$423.7K – $565.0K
NOI $33,898 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,687 @ 7.0% cap · market cap 7.61%
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 - Built in 1930 with two 2-bedroom apartments and a full basement, near the 7 Train and Woodside LIRR station.
Where is this duplex located?
The property is located at 4315 56th Street Woodside, NY.
What is the asking price?
The asking price for this property is $1,388,888.
What are key features of this property?
This property features: Two‑family frame home built in 1930 with approximately 2,048 sq ft of living space; Each unit offers 2 bedrooms and 1 bathroom, for a 4‑bedroom/2‑bath total layout; 20' x 100' lot with light‑colored siding, dark shingled roof, and two front gabled dormers
