Renovated Flushing Home with
4539 171st Place Flushing, NY 11358
4539 171st Place, Flushing, NY, 11358
$1,398,000
Pending
For Sale
$1,398,000
Pending
MULTI_FAMILY - Colonial - Flushing, NY
Property Size2,340 SF
Lot Size0.07 Acres
Days on Market95
Property Features for 4539 171st Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bathroom 4, Bathroom 2, Bedroom 5, Basement, Bedroom 2, Bathroom 3
- Window features
- Aluminum Frames
- Interior features
- First Floor Bedroom, Eat-in Kitchen, ENERGY STAR Qualified Door(s), Entrance Foyer, Primary Bathroom, Master Downstairs, Quartz/Quartzite Counters
- Fencing
- Fenced
- Basement
- Full, Walk-Out Access, Finished
- Standard status
- Pending
- APN
- 05451-0014
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9306
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Stucco
- Architectural style
- Colonial
Listing Agency
Voro LLC
(877) 943-8676
1129 Northern Blvd Ste 404, Great Neck, NY
Listed by
Leonard Zheng SFR · License #10301216944
(347) 440-3000
Added: Apr 15 Checked: Jul 18 at 7:06 am
MLS# 986073
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 renovated one-family home with an ADU is located in Flushing. Situated on a 40' x 71.25' lot, the property features approximately 2,340 square feet of building area. The versatile property includes two spacious units, plus a full basement with a separate entrance and a full walk-up attic, providing ample additional space and flexibility. Recent upgrades include a brand-new stucco exterior, new windows, hardwood floors throughout, modern kitchens and bathrooms with stainless steel appliances, and brand-new heating systems. The home is move-in ready and thoughtfully updated, combining comfort, functionality, and strong income potential. The property is conveniently located near shopping, schools, and transportation, and just half a block from the Q58 and Q72 bus lines. It also offers excellent rental income potential.
Key Highlights
- Renovated Colonial‑style one‑family home with an ADU, built in 1925
- 40' x 71.25' lot with approximately 2,340 SF of building area and two spacious units
- Full basement with separate entrance plus a full walk‑up attic for added flexibility
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 | $108.1k | $46.20 |
| − Vacancy | −$4.1k | −$1.76 |
| EGI | $104.0k | $44.44 |
| − OpEx | −$46.8k | −$20.00 |
| NOI | $57.2k | $24.44 |
2,340 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$817.1K
$715.0K – $953.3K
NOI $57,200 @ 7.0% cap · market cap 4.09%
Second Best
Multifamily LT 5
$553.3K
$484.1K – $645.5K
NOI $38,731 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,755 @ 7.0% cap · market cap 8.64%
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 - Renovated one-family home with ADU, ideal for investors.
Where is this duplex located?
The property is located at 4539 171st Place Flushing, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Renovated Colonial‑style one‑family home with an ADU, built in 1925; 40' x 71.25' lot with approximately 2,340 SF of building area and two spacious units; Full basement with separate entrance plus a full walk‑up attic for added flexibility
