Spacious Two-Family Home in
For Sale
$1,298,000
Pending
8012 165th St, Queens, NY 11432
Legal two-family home near St. John's University.
Property Size2,680 SF
Lot Size0.05 Acres
Days on Market313
Property Features for 8012 165th St
General Information
Standard status
Pending
Size
2,680 SF
Lot size
0.05 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$9,095
Building Details
Building Size
2,680 SF
Year Built
1950
Units
3
Listed By:
Non Member-MLS
Source:
Elliman
Added: Nov 28, 2025
Changed: Sep 22
Last Checked: Oct 5 at 5:55PM
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 Non Member-MLS
Investment Insights
Based on property information with market context.
This fully detached legal two-family home is located in the Fresh Meadows neighborhood. The three-story property offers approximately 2,680 square feet of living space. It features a total of 8 bedrooms and 3 full bathrooms. The property is within walking distance of St. John's University and a Chinese supermarket. Transportation options include the QM1, QM7, Q46, and Q65 buses, with direct service to Flushing Main Street. The annual property tax is $9,600. The property is move-in ready and offers high rental income potential and steady return.
Key Highlights
- Legal two‑family home in Fresh Meadows.
- High rental income potential and steady return.
- Low annual property tax of $9,600.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,511
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,310,220
$1.3M
Cap Rate 7%
$935,871
$935.9K
Cap Rate 9%
$727,900
$727.9K
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$123.8K $46.20/SF
− Vacancy
−$4.7K −$1.76/SF
EGI
$119.1K $44.44/SF
− OpEx
−$53.6K −$20.00/SF
NOI
$65.5K $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%
$1,310,220
Cap Rate 7%
$935,871
Cap Rate 9%
$727,900
Alternative Uses
Best Use
Apartment 5plus
$935.9K
$818.9K – $1.09M
NOI $65,511 @ 7.0% cap · market cap 5.05%
Second Best
Multifamily LT 5
$633.7K
$554.5K – $739.3K
NOI $44,358 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,301 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,161
Businesses Nearby
Explore this area
Business Placement
Demographics for 11432, NY
65,743
Population
21,618
Households
3
Avg Household Size
39
Median Age
36%
College-Educated
80%
High-School Grad
2.0 sq mi
ZIP Area
32,872
Density / Sq Mi
$75,395
Median Household Income
$37,385
Median Earnings
$1,841
Median Rent
$826,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family home near St. John's University.
Where is this duplex located?
The property is located at 8012 165th St Queens, NY.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: Legal two‑family home in Fresh Meadows.; High rental income potential and steady return.; Low annual property tax of $9,600.
