Queens Multi-Family Investment
For Sale
$1,189,000
Pending
87-20 124th St, Queens, NY 11418
Four-family house in Queens, ideal for investors or rental income.
Property SizeContact for details
Lot Size0.06 Acres
Days on Market269
Property Features for 87-20 124th St
General Information
Standard status
Pending
Lot size
0.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$1,895
Building Details
Year Built
1910
Units
4
Listing Agency:
(718) 835-1914
Listed By:
Munesh Ramnarine
(718) 835-1914
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 21
Last Checked: Aug 23 at 4:36AM
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 Munesh Ramnarine
Investment Insights
Based on property information with market context.
Located at 87-20 124th St in Richmond Hill, Queens, New York, this expansive four-family house presents an investment opportunity and a multi-family residence. The property is situated in the community of Jamaica, with proximity to the E, J, and Z subway lines, providing access to Manhattan and surrounding areas. It is also near schools, parks, shopping centers, and dining options. The property includes four separate units, offering potential for rental income. The layout ensures privacy for each unit, making it suitable for long-term leasing. Three out of the four units are occupied, and the property will not be delivered vacant.
Key Highlights
- Four‑family house offering significant rental income potential.
- Conveniently located near E, J, and Z subway lines for easy access to Manhattan.
- Proximity to schools, parks, shopping centers, and diverse dining options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,923
Businesses Nearby
Explore this area
Business Placement
Demographics for 11418, NY
37,596
Population
12,072
Households
3.1
Avg Household Size
37
Median Age
32%
College-Educated
81%
High-School Grad
1.7 sq mi
ZIP Area
22,115
Density / Sq Mi
$84,927
Median Household Income
$44,818
Median Earnings
$1,788
Median Rent
$772,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-family house in Queens, ideal for investors or rental income.
Where is this quadplex located?
The property is located at 87-20 124th St Queens, NY.
What is the asking price?
The asking price for this property is $1,189,000.
What are key features of this property?
This property features: Four‑family house offering **significant rental income potential**.; Conveniently located near E, J, and Z subway lines for **easy access to Manhattan**.; Proximity to schools, parks, shopping centers, and diverse dining options.
