Two-Unit Residential Income
For Sale
$950,000
2459 Lodovick Avenue, Bronx, NY 10469
Two-family home with separate boilers and hot water heaters, plus private driveway parking for up to four vehicles.
Property Size2,450 SF
Price / SF$387.76
Days on Market16
Property Features for 2459 Lodovick Avenue
General Information
Standard status
Active
Size
2,450 SF
Total Parking Spaces
4
Property subtype
Duplex
Additional Details
Business Included
Yes
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1999
Tenancy
Multi
Listing Agency:
RE/MAX Distinguished Hms.&Prop
(914) 346-8255
Listed By:
Nancy Rondon · License #40ca1174186
(914) 346-8255
Source:
Compass
Added: Jul 17
Changed: Jul 21
Last Checked: Jul 26 at 1:14PM
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 RE/MAX Distinguished Hms.&Prop
Investment Insights
Based on property information with market context.
This two-family residential income property includes an owner’s unit with three bedrooms and two bathrooms, and a second unit with two bedrooms and one bathroom. The home has separate boiler and hot water heater systems for each unit. Outdoor space is a major feature, with an oversized double lot and a backyard suitable for daily use and gatherings.
The property also offers private driveway parking for up to four vehicles. Convenient access to shopping, schools, parks, major highways, and train and express bus service to Manhattan is noted in the remarks.
Additional disclosed details include a dishwasher that is selling as-is and is not working on the top unit, and a crawl space in the utility room. A video recording device is on the property.
The property also offers private driveway parking for up to four vehicles. Convenient access to shopping, schools, parks, major highways, and train and express bus service to Manhattan is noted in the remarks.
Additional disclosed details include a dishwasher that is selling as-is and is not working on the top unit, and a crawl space in the utility room. A video recording device is on the property.
Key Highlights
- Two‑family home built in 1999 with interior features including cathedral/high ceilings and carpet/wood flooring.
- Owner’s unit: 3 bedrooms, 2 bathrooms with high ceilings and closet space.
- Second unit: 2 bedrooms, 1 bathroom with a large floor plan.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.1k | $38.40 |
| − Vacancy | −$5.2k | −$2.11 |
| EGI | $88.9k | $36.29 |
| − OpEx | −$26.7k | −$10.89 |
| NOI | $62.2k | $25.40 |
2,450 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$889.1K
$777.9K – $1.04M
NOI $62,234 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$805.1K
$704.5K – $939.3K
NOI $56,359 @ 7.0% cap · market cap 5.93%
Theoretical Best
Warehouse
$1.70M
$1.49M – $1.98M
NOI $118,837 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 10469, NY
71,571
Population
25,082
Households
2.9
Avg Household Size
39
Median Age
29%
College-Educated
83%
High-School Grad
2.4 sq mi
ZIP Area
29,821
Density / Sq Mi
$76,018
Median Household Income
$45,857
Median Earnings
$1,653
Median Rent
$640,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home with separate boilers and hot water heaters, plus private driveway parking for up to four vehicles.
Where is this duplex located?
The property is located at 2459 Lodovick Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑family home built in 1999 with interior features including cathedral/high ceilings and carpet/wood flooring.; Owner’s unit: 3 bedrooms, 2 bathrooms with high ceilings and closet space.; Second unit: 2 bedrooms, 1 bathroom with a large floor plan.
