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Two-Dwelling Residential Income Property

111-27 38th Ave, Queens, NY 11368

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For Sale

$1,250,000

Two-dwelling home with finished basement, vacant spaces, and a currently rented 2nd-floor unit.

Type:Investment

HighLights

R5A lot size 24.58 x 97 with a 20 x 47 building
1910 two‑dwelling home with finished attic and a finished basement with outside separate entrance (OSE)
Second‑floor unit includes 4 bedrooms, living room, eat‑in kitchen, and 1 bath; currently rented at $2,200/month
First‑floor and basement spaces are vacant (attic is fully finished), offering flexibility in layout and use
Separate utilities: 2 electric meters and 2 gas meters
WalkScore 89 and transitScore 85 (bikeScore 70)

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Listing Contact

Hsio Chu Chiu

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For Sale

$1,250,000

Two-dwelling home with finished basement, vacant spaces, and a currently rented 2nd-floor unit.

Type:Investment

Added:: Jun 12, 2026
Days on Market:: 3
Last Refresh:: Jun 13 at 3:46 am

Property Features for 111-27 38th Ave

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1910

We can help!

Listing Contact

Hsio Chu Chiu

Listing agent Hsio Chu Chiu

Listing office WINZONE REALTY INC.

Listing date Jun 12, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of WINZONE REALTY INC.

HighLights

R5A lot size 24.58 x 97 with a 20 x 47 building
1910 two‑dwelling home with finished attic and a finished basement with outside separate entrance (OSE)
Second‑floor unit includes 4 bedrooms, living room, eat‑in kitchen, and 1 bath; currently rented at $2,200/month
First‑floor and basement spaces are vacant (attic is fully finished), offering flexibility in layout and use
Separate utilities: 2 electric meters and 2 gas meters
WalkScore 89 and transitScore 85 (bikeScore 70)

Overview

This residential income property is set on an R5A lot measuring 24.58 by 97, with a building footprint of approximately 20 by 47 and a noted 9-foot ceiling height. The two-dwelling layout includes an attic and a fully finished basement with a separate outside entrance (OSE), plus a first floor that is currently vacant. The second floor contains four bedrooms, a living room, an eat-in kitchen, and one bathroom and is currently rented at $2,200 per month. The attic has two electric meters and the property has two gas meters, supporting separate utility arrangements.

The property is located at 111-27 38th Ave in Corona, Queens. Public remarks indicate the building is configured for flexible use with vacant space available on the first floor and in the basement area, while the second-floor unit remains leased.

For tenants and owners, the existing layout provides on-site flexibility: a leased second-floor apartment alongside vacant first-floor and basement space that may support continued income, owner-occupancy, or reconfiguration depending on requirements. With multiple finished areas and a separate outside entrance to the basement, the property can accommodate different living arrangements within the same building.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

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Local Demand

City: Queens
County: Queens
State: New York
Longitude: -73.9314601
Latitude: 40.7539062

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For sale
Duplexes
NY
Queens
11368
111-27 38th Ave

What type of property is this?

Duplex - Two-dwelling home with finished basement, vacant spaces, and a currently rented 2nd-floor unit.

Where is this duplex located?

The property is located at 111-27 38th Ave Queens, NY.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: R5A lot size 24.58 x 97 with a 20 x 47 building; 1910 two‑dwelling home with finished attic and a finished basement with outside separate entrance (OSE); Second‑floor unit includes 4 bedrooms, living room, eat‑in kitchen, and 1 bath; currently rented at $2,200/month

111-27 38th Ave, Queens, NY 11368

Two-dwelling home with finished basement, vacant spaces, and a currently rented 2nd-floor unit.

Property Features for 111-27 38th Ave

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Spacious Two-Family Home in Queens

Spacious Multifamily Home with Pool

Detached Two-Family Brick Residence

Queens Village Multifamily Investment Property

Desirable Jackson Heights Multi-Family Home

Upgraded Six-Family Residence, Queens

Queens Two-Family Home Value-Add Opportunity

Mixed-Use Income Property with Parking

Renovated Triplex in Queens, NY

NYU Medical Investment Opportunity

Newly Renovated Two-Family Duplex

Sunnyside Corner Commercial Property For Sale

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