Two-Unit Duplex with Finished
For Sale
$789,000
1805 Mulford Avenue, Bronx, NY 10461
Legal two-family residence with an attic, finished lower level, and access to established neighborhood amenities and transit.
Property Size1,668 SF
Days on Market50
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
Buildings
1
Units
2
Listing Agency:
E Realty International Corp
(347) 822-9036
Listed By:
Yating Wang
(347) 822-9036
Source:
Mahlerrealty
Added: Jul 10
Changed: Aug 28
Last Checked: Aug 28 at 11:29AM
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 legal two-family residence, built in 1920, contains two residential units along with an attic and finished basement. The configuration supports separate household use and may allow an owner to occupy one unit while generating rental income from the other, as described in the property information.
The property is located at 1805 Mulford Avenue in Bronx, NY 10461, within an established residential area near shopping centers, supermarkets, restaurants, schools, parks, and daily conveniences. Nearby bus routes and the 6 subway line provide public transportation access. The Bruckner Expressway connects the property with Manhattan, Queens, and surrounding boroughs.
The property is located at 1805 Mulford Avenue in Bronx, NY 10461, within an established residential area near shopping centers, supermarkets, restaurants, schools, parks, and daily conveniences. Nearby bus routes and the 6 subway line provide public transportation access. The Bruckner Expressway connects the property with Manhattan, Queens, and surrounding boroughs.
Key Highlights
- Legal 2‑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
5,140
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 residence with an attic, finished lower level, and access to established neighborhood amenities and transit.
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 2‑family property with two residential units; Attic and finished basement included; Built in 1920
