Bi-Level Duplex with Solar
For Sale
$850,000
2226 Norton Avenue, Bronx, NY 10473
The three-bedroom residence includes a modern kitchen and a skylit upper-level bedroom.
Property Size1,902 SF
Days on Market9
Property Features for 2226 Norton Avenue
General Information
Standard status
Active
Size
1,902 SF
Property subtype
Duplex
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,155
Building Details
Building Size
1,902 SF
Year Built
2000
Listing Agency:
Keller Williams Realty NYC Grp
Listed By:
Julia V. Egorova
Source:
Serhant
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 5 at 9:24PM
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 Keller Williams Realty NYC Grp
Investment Insights
Based on property information with market context.
This legal duplex, built in 2000, includes a three-bedroom bi-level residence and a separate two-bedroom apartment on the upper floor, which is being delivered vacant. The main residence has two bedrooms on its primary level and a bedroom upstairs with a skylight, a large closet, and an updated full bath. Its kitchen features contemporary cabinetry, quartz counters, and stainless-steel appliances, with an open floor plan. Solar panels are installed, and the owner pays for water; tenants pay utilities separately.
The property is near the Soundview ferry, with stated travel times of 15 minutes to the Upper East Side, 30 minutes to Midtown, and 45 minutes to Wall Street. Parks, trails, and community centers are also nearby.
The property is near the Soundview ferry, with stated travel times of 15 minutes to the Upper East Side, 30 minutes to Midtown, and 45 minutes to Wall Street. Parks, trails, and community centers are also nearby.
Key Highlights
- Legal duplex with a vacant two‑bedroom upper‑floor apartment
- Three‑bedroom bi‑level residence with an open floor plan
- Solar panels installed; tenants pay utilities separately, while the owner pays for water
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,314
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,280
$966.3K
Cap Rate 7%
$690,200
$690.2K
Cap Rate 9%
$536,822
$536.8K
Market Conditions
NOI Build-Up for 1,902 SF
Gross rent
$73.0K $38.40/SF
− Vacancy
−$4.0K −$2.11/SF
EGI
$69.0K $36.29/SF
− OpEx
−$20.7K −$10.89/SF
NOI
$48.3K $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 Rate 5%
$966,280
Cap Rate 7%
$690,200
Cap Rate 9%
$536,822
Alternative Uses
Best Use
Multifamily LT 5
$690.2K
$603.9K – $805.2K
NOI $48,314 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$625.0K
$546.9K – $729.2K
NOI $43,753 @ 7.0% cap · market cap 5.15%
Theoretical Best
Warehouse
$1.32M
$1.15M – $1.54M
NOI $92,257 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 10473, NY
62,692
Population
23,234
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
75%
High-School Grad
2.1 sq mi
ZIP Area
29,853
Density / Sq Mi
$50,609
Median Household Income
$40,049
Median Earnings
$1,131
Median Rent
$586,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - The three-bedroom residence includes a modern kitchen and a skylit upper-level bedroom.
Where is this duplex located?
The property is located at 2226 Norton Avenue Bronx, 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: Legal duplex with a vacant two‑bedroom upper‑floor apartment; Three‑bedroom bi‑level residence with an open floor plan; Solar panels installed; tenants pay utilities separately, while the owner pays for water
