Income-Generating Two-Family
For Sale
$1,249,000
Pending
151-42 82nd St, Queens, NY 11414
Legal two-family home with potential for medical office conversion.
Property SizeContact for details
Lot Size0.08 Acres
Days on Market269
Property Features for 151-42 82nd St
General Information
Standard status
Pending
Lot size
0.08 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$8,900
Building Details
Year Built
1965
Units
2
Listing Agency:
(718) 835-4700
Listed By:
Anne Marie Chirichigno
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 12
Last Checked: Aug 23 at 4:30AM
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 Anne Marie Chirichigno
Investment Insights
Based on property information with market context.
This legal two-family home, constructed in 1962, features a Certificate of Occupancy for a doctor's office on the first floor. The property includes a private driveway with parking space for two vehicles. It is located near the Lindenwood Shopping Center, P.S. 232, and public transportation. The first floor is currently used as an apartment but blueprints are available for conversion back to a doctor's office. The first floor lease expires September 30, 2026. The current yearly rental income is $86,400. Current rents are: $2,900 for the first floor (Section 8), $2,800 for the second floor (no lease), and $1,500 for the basement (no lease). The property is handicapped accessible and presents an opportunity for investors.
Key Highlights
- High yearly rental income of $86,400.
- Legal 2‑family with Certificate of Occupancy (CO) for a doctor's office.
- Private driveway with parking for 2 vehicles.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Explore this area
Business Placement
Demographics for 11414, NY
27,320
Population
12,223
Households
2.2
Avg Household Size
46
Median Age
31%
College-Educated
87%
High-School Grad
2.3 sq mi
ZIP Area
11,878
Density / Sq Mi
$98,209
Median Household Income
$66,162
Median Earnings
$1,991
Median Rent
$612,800
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?
Duplex - Legal two-family home with potential for medical office conversion.
Where is this duplex located?
The property is located at 151-42 82nd St Queens, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: High yearly rental income of $86,400.; Legal 2‑family with Certificate of Occupancy (CO) for a doctor's office.; Private driveway with parking for 2 vehicles.
