Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Family Ranch in Springfield Gardens Title is generated by Realmo AI

    186-46 139th Avenue, Springfield Gardens, NY 11413

    View on Map
    Claim this Listing
    For Sale
    $850,000

    MULTI_FAMILY - Ranch - Springfield Gardens, NY

    Type:Single Family Residence
    Added:
    Sep 9, 2025
    Days on Market:
    247
    Last Refresh:
    May 13 at 9:06 am

    Property Features for 186-46 139th Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 3, Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Basement, Bedroom 3, Bedroom 1, Bedroom 2
    Interior features
    First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
    Basement
    Finished, Full
    Standard status
    Active
    APN
    13029-0028

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6397

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Steam
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1960
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Block, Brick
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Steve Caballero

    Listing agent Steve Caballero License #10401394415

    Listing office Wally Realty 19025 Jamaica Ave, Hollis, NY

    Listing date Sep 9, 2025

    MLS# 910936 Listing URL

    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.

    HighLights

    • Two‑family high ranch property, ideal for rental income or multi‑generational living.
    • Solid brick construction, offering durability and low maintenance.
    • Finished basement, providing additional living space.
    • Features include First Floor Bedroom and Full Bath.
    • Equipped with steam/natural gas heating and wall/window unit(s) cooling.
    • Hardwood flooring throughout.

    Overview

    This two-family high ranch property with a finished basement is located in Springfield Gardens, NY. Constructed in 1960, the building features solid brick construction. The property is fully tenanted, with the seller occupying the basement. The basement will be emptied at closing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield Gardens
    County
    Queens
    State
    New York
    Longitude
    -73.757212
    Latitude
    40.67324

    Nearby Similar for Sale

    • $1,325,000
      2,400 SF

      Springfield Gardens Multi-Family Opportunity

      Well-maintained 3-unit property in prime Queens location.
      148-39 230th Place, Springfield Gardens, NY 11413
      View Details
    • $1,195,000
      3,000 SF

      Renovated Two-Family in Springfield Gardens

      Turn-key two-family home with income potential in Springfield Gardens.
      14590 226th Street, Springfield Gardens, NY 11413
      View Details
    • $849,999
      1,530 SF

      Two-Family Home in Springfield Gardens

      Two-family home in prime location with investment potential.
      135-07 223rd Street, Springfield Gardens, NY 11413
      View Details
    • $927,000

      Spacious Springfield Gardens Two-Family Residence

      Two 3-bedroom units, finished basement, convenient location.
      14728 227th Street, Springfield Gardens, NY 11413
      View Details
    • $949,000

      Springfield Gardens Multifamily Investment Opportunity

      Two units, convenient location, ideal investment property.
      146-15 221st Street, Springfield Gardens, NY 11413
      View Details
    • $1,099,000
      1,720 SF

      Springfield Gardens Two-Family Home

      Remodeled two-family home with six bedrooms and finished basement.
      147-15 225th street, Springfield Gardens, NY 11413
      View Details
    • $884,999

      Springfield Gardens Multifamily Property

      Multifamily property in Springfield Gardens, Queens.
      182-19 147th Avenue, Springfield Gardens, NY 11413
      View Details
    • $919,000

      Renovated Duplex in Springfield Gardens

      Fully renovated 2-over-2 duplex with income potential and flexibility.
      147-15 223rd Street, Springfield Gardens, NY 11413
      View Details
    • $950,000

      Young Stucco Two-Family Home

      Two-family home with finished basement, solar panels, and private driveway.
      140-37 Charles Lane, Springfield Gardens, NY 11413
      View Details
    • $1,249,000
      2,300 SF

      Spacious Two-Family Brick House

      Two-family house with 6 bedrooms, finished basement, and garage.
      14720 230th Place, Springfield Gardens, NY 11413
      View Details
    • $1,295,000

      Modern Two-Family Home, Springfield Gardens

      Modern 2-family home with finished basement, close to amenities.
      14411 223rd Street, Springfield Gardens, NY 11413
      View Details
    • $599,999

      Two-Family Home in Springfield Gardens

      Classic two-family home in a convenient location.
      12222 Nellis Street, Springfield Gardens, NY 11413
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family high ranch with finished basement in Springfield Gardens.
    Where is this duplex located?
    The property is located at 186-46 139th Avenue Springfield Gardens, NY.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Two‑family high ranch property, ideal for rental income or multi‑generational living.; Solid brick construction, offering durability and low maintenance.; Finished basement, providing additional living space.
    (646) 326-2676
    We can help!
    Listing Contact
    Steve Caballero
    Real Estate License ID: 10401394415
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    186-46 139th Avenue, Springfield Gardens, NY 11413
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!