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Semi-Detached Legal 3-Family Home
For Sale
$1,399,000

3227 Philip Ave The, Bronx, NY 10465

Legal 3-family home with a finished basement, private backyard, and separate utilities supporting dedicated service to each space.

Property SizeContact for details
Days on Market32

Property Features for 3227 Philip Ave The

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Investment

Additional Details

Multifamily Units 3

Amenities

private backyard
water views

Building Details

Year Built 2003
Tenancy Multi
Listing Agency: Han Tang Realty Inc.
Listed By: Alex S. Huang
Source: Elliman
Added: Jul 4 Changed: Jul 22 Last Checked: Aug 4 at 5:26AM

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 Han Tang Realty Inc.

Investment Insights

Based on property information with market context.

This semi-detached legal 3-family home was built in 2003 and features three apartments plus a fully finished basement with both front and rear entrances. The top two units each offer 3 bedrooms and 2 full bathrooms, including a private primary suite, while the first-floor apartment includes 3 bedrooms and 1 full bathroom. The basement provides additional flexible space for recreation, storage, or owner use. The property is equipped with 4 separate electric meters, 4 gas meters, 4 boilers, and 4 hot water heaters, allowing each unit and basement owner space to have dedicated utilities. Outside, there is a private backyard and 2-car parking.

The home offers views of Eastchester Bay and is located in a waterfront part of the Bronx. Transit access is rated as excellent (transitScore 72), while walking is more limited (walkScore 41) and biking is moderate (bikeScore 44), indicating reliance on vehicles for most daily errands.

Key Highlights

  • Legal 3‑family semi‑detached home built in 2003 with 23.5 ft x 49 ft floor dimensions
  • Top two units feature 3 bedrooms and 2 full bathrooms, each with a private primary suite
  • First‑floor unit offers 3 bedrooms and 1 full bathroom

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Parking Lot & Garage Law Firm Dental Office Auto Parts Store Computer & Electronic Repair (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,147
Businesses Nearby

Demographics for 10465, NY

45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
Median Home Value

Market

Properties on Market for Multifamily properties in Bronx

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Legal 3-family home with a finished basement, private backyard, and separate utilities supporting dedicated service to each space.
Where is this multifamily property located?
The property is located at 3227 Philip Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Legal 3‑family semi‑detached home built in 2003 with 23.5 ft x 49 ft floor dimensions; Top two units feature 3 bedrooms and 2 full bathrooms, each with a private primary suite; First‑floor unit offers 3 bedrooms and 1 full bathroom
More about this property
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