Brick Duplex With Separate
For Sale
$1,830,000
9-24 129th Street, College Point, NY 11356
Residential Income, College Point, NY
Property Size2,278 SF
Lot Size0.06 Acres
Price / SF$803.34
Days on Market23
Property Features for 9-24 129th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 3, Bedroom 6, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 7, Bathroom 1, Basement, Bedroom 4
Parking features
Garage, Driveway
Interior features
First Floor Bedroom, First Floor Full Bath
Basement
Finished, Full
Elementary school
Ps 129 Patricia Larkin
Middle school
Jhs 194 William Carr
High school
Flushing High School
Elementary school district
Queens 25
Middle school district
Queens 25
High school district
Queens 25
Standard status
Active
APN
03978-0031
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12632
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2019
Number of units
2
Building materials
Brick
Listing Agency:
E Realty International Corp
(718) 886-8110
Listed By:
Hsin Yuan Yang · License #10311205376
(646) 688-8998
Added: Sep 14
Changed: Oct 5
Last Checked: Oct 6 at 1:06PM
MLS# 1050764
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 legal two-family duplex is a semi-attached, all-brick residence with approximately 2,278 square feet of building area on a 5,000-square-foot lot. The layout includes seven bedrooms, three full bathrooms, two kitchens, and separate entrances. A finished basement with its own private entry adds usable interior space, while a first-floor bedroom and full bathroom support flexible household arrangements.
The property includes a private garage and driveway. Utility infrastructure is separately metered with three electric meters and two gas meters, and the building is served by public water and public sewer. Natural-gas heating and electric cooling are installed. Located in College Point, the home has access to Q25 bus service to Flushing Main Street, along with nearby shopping, dining, transportation, and everyday amenities.
The property includes a private garage and driveway. Utility infrastructure is separately metered with three electric meters and two gas meters, and the building is served by public water and public sewer. Natural-gas heating and electric cooling are installed. Located in College Point, the home has access to Q25 bus service to Flushing Main Street, along with nearby shopping, dining, transportation, and everyday amenities.
Key Highlights
- Legal two‑family duplex with 7 bedrooms and 3 full bathrooms
- Approximately 2,278 SF building on a 5,000 SF lot
- Two kitchens and separate entrances support flexible occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,684
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,680
$1.1M
Cap Rate 7%
$795,486
$795.5K
Cap Rate 9%
$618,711
$618.7K
Market Conditions
NOI Build-Up for 2,278 SF
Gross rent
$105.2K $46.20/SF
− Vacancy
−$4.0K −$1.76/SF
EGI
$101.2K $44.44/SF
− OpEx
−$45.6K −$20.00/SF
NOI
$55.7K $24.44/SF
Area
Queens County, NY
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,113,680
Cap Rate 7%
$795,486
Cap Rate 9%
$618,711
Alternative Uses
Best Use
Apartment 5plus
$795.5K
$696.1K – $928.1K
NOI $55,684 @ 7.0% cap · market cap 3.04%
Second Best
Multifamily LT 5
$538.6K
$471.3K – $628.4K
NOI $37,705 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$1.68M
$1.47M – $1.96M
NOI $117,556 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,462
Businesses Nearby
Explore this area
Business Placement
Demographics for 11356, NY
28,310
Population
9,003
Households
3.1
Avg Household Size
37
Median Age
25%
College-Educated
78%
High-School Grad
1.6 sq mi
ZIP Area
17,694
Density / Sq Mi
$91,445
Median Household Income
$40,928
Median Earnings
$2,160
Median Rent
$893,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family property offers flexible living arrangements with dedicated kitchens, entrances, and utility meters.
Where is this duplex located?
The property is located at 9-24 129th Street College Point, NY.
What is the asking price?
The asking price for this property is $1,830,000.
What are key features of this property?
This property features: Legal two‑family duplex with 7 bedrooms and 3 full bathrooms; Approximately 2,278 SF building on a 5,000 SF lot; Two kitchens and separate entrances support flexible occupancy
