Detached Duplex with Finished
1304 123rd Street, College Point, NY 11356
For Sale
$1,150,000
Pending
Residential Income, College Point, NY
Property Size2,048 SF
Lot Size0.06 Acres
Days on Market264
Property Features for 1304 123rd Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Basement
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
hardwood flooring
split-type air conditioning
natural gas heaters
hot water tanks
finished basement
separate entrance
leased solar panels
oversized front deck
large backyard
Building Details
Year built
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
B Square Realty
(718) 939-8388
Listed By:
Lirong Shao · License NY #10401362375
(347) 379-3843
Added: Feb 24
Changed: Nov 6
Last Checked: Nov 14 at 2:06AM
MLS# 964611
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.
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Investment Insights
Based on property information with market context.
This detached duplex, built in 1920, provides approximately 2,048 square feet of living space on a 2,500-square-foot lot. The 20-by-50-foot building includes two natural gas heaters, two hot water tanks, split-type air conditioning, hardwood flooring, and a finished basement with a half bath and separate entrance. Interior features include a first-floor bedroom, first-floor full bath, and eat-in kitchen. The property has frame construction with vinyl siding, public water, and public sewer.
Outdoor areas include an oversized front deck and a large backyard. R4A zoning applies, while on-street parking is available. Leased solar panels are installed at the property. The home is approximately a 10-minute drive from Flushing and sits two blocks from the Q20, Q25, and Q26 bus lines. Supermarkets, restaurants, pharmacies, laundromats, libraries, Target, HomeGoods, and BJ’s are nearby.
Outdoor areas include an oversized front deck and a large backyard. R4A zoning applies, while on-street parking is available. Leased solar panels are installed at the property. The home is approximately a 10-minute drive from Flushing and sits two blocks from the Q20, Q25, and Q26 bus lines. Supermarkets, restaurants, pharmacies, laundromats, libraries, Target, HomeGoods, and BJ’s are nearby.
Key Highlights
- Detached two‑family home with approximately 2,048 sq ft of living space
- 2,500 sq ft lot with R4A zoning
- Finished basement with half bath and separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,608
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,160
$1.0M
Cap Rate 7%
$722,971
$723.0K
Cap Rate 9%
$562,311
$562.3K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$78.6K $38.40/SF
− Vacancy
−$6.3K −$3.10/SF
EGI
$72.3K $35.30/SF
− OpEx
−$21.7K −$10.59/SF
NOI
$50.6K $24.71/SF
Area
Queens County, NY
Vacancy
8.07%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,160
Cap Rate 7%
$722,971
Cap Rate 9%
$562,311
Alternative Uses
Best Use
Multifamily LT 5
$723.0K
$632.6K – $843.5K
NOI $50,608 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$715.2K
$625.8K – $834.4K
NOI $50,062 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,687 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,644
Businesses Nearby
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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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Market
Properties on Market for Duplexes in College Point
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with separate basement access, outdoor living areas, hardwood floors, and public utilities.
Where is this duplex located?
The property is located at 1304 123rd Street College Point, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Detached two‑family home with approximately 2,048 sq ft of living space; 2,500 sq ft lot with R4A zoning; Finished basement with half bath and separate entrance
