Legal Two-Family
For Sale
$789,000
1805 Mulford Avenue, Bronx, NY 10461
Legal two-family property with separate residential units, an attic, and a finished basement.
Property Size1,668 SF
Days on Market37
Property Features for 1805 Mulford Avenue
General Information
Standard status
Active
Size
1,668 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,463
Building Details
Building Size
1,668 SF
Year Built
1920
Units
2
Listing Agency:
E Realty International Corp
(347) 822-9036
Listed By:
Yating Wang
(347) 822-9036
Source:
Cohenandcohenrealty
Added: Jul 10
Changed: Aug 15
Last Checked: Aug 15 at 8:15AM
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 E Realty International Corp
Investment Insights
Based on property information with market context.
This Bronx, NY 10461 duplex is configured as a legal two-family residence with two separate residential units. The property also includes an attic and a finished basement, providing additional interior space within the existing layout. Built in 1920, the home offers a multifamily configuration suited to owner occupancy with rental use in the second unit or continued income-producing use.
Located at 1805 Mulford Avenue, the property is near shopping centers, supermarkets, restaurants, schools, parks, and other everyday amenities. Public transportation options include nearby bus routes and the 6 subway line. The Bruckner Expressway provides access toward Manhattan, Queens, and other Bronx-area destinations.
Located at 1805 Mulford Avenue, the property is near shopping centers, supermarkets, restaurants, schools, parks, and other everyday amenities. Public transportation options include nearby bus routes and the 6 subway line. The Bruckner Expressway provides access toward Manhattan, Queens, and other Bronx-area destinations.
Key Highlights
- Legal two‑family property with two residential units
- Attic and finished basement included
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,370
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$847,400
$847.4K
Cap Rate 7%
$605,286
$605.3K
Cap Rate 9%
$470,778
$470.8K
Market Conditions
NOI Build-Up for 1,668 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$64.1K $38.40/SF
− Vacancy
−$3.5K −$2.11/SF
EGI
$60.5K $36.29/SF
− OpEx
−$18.2K −$10.89/SF
NOI
$42.4K $25.40/SF
Area
Bronx, NY
Vacancy
5.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$847,400
Cap Rate 7%
$605,286
Cap Rate 9%
$470,778
Alternative Uses
Best Use
Multifamily LT 5
$605.3K
$529.6K – $706.2K
NOI $42,370 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$548.1K
$479.6K – $639.5K
NOI $38,370 @ 7.0% cap · market cap 4.86%
Theoretical Best
Warehouse
$1.16M
$1.01M – $1.35M
NOI $80,906 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,225
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
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 property with separate residential units, an attic, and a finished basement.
Where is this duplex located?
The property is located at 1805 Mulford Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: Legal two‑family property with two residential units; Attic and finished basement included; Built in 1920
