Building Details

Building Size 1,510 SF

Year Built 1960

Units 2

Listing Agency: eXp Realty

Listed By: Carlos Grullon · License #40GR1162332 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Oct 1 Last Checked: Oct 12 at 8:46PM

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Investment Insights

Based on property information with market context.

This well-maintained two-family home is ideal for investors or those seeking rental income. The property features a one-bedroom apartment on the lower level and a three-bedroom duplex unit upstairs, both with modern amenities and updates. A two-car garage, plus space for one additional car in the driveway, provides parking and storage. The large backyard offers possibilities for outdoor enjoyment. Located near Clason Point on Soundview Avenue, the property is conveniently near shops, schools, childcare facilities, and public transit. A ferry provides access to Manhattan in fifteen minutes. This property is a versatile, income-producing asset in a desirable neighborhood.

Key Highlights

• Income‑producing two‑family home, ideal for investors or owner‑occupants seeking rental income.
• Convenient location near shops, schools, childcare, public transit, and a 15‑minute ferry to Manhattan.
• Spacious units: a one‑bedroom apartment and a three‑bedroom duplex.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,356

Cap Rate

5.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$767,120 $767.1K

Cap Rate 7%

$547,943 $547.9K

Cap Rate 9%

$426,178 $426.2K

Market Conditions

NOI Build-Up for 1,510 SF

Gross rent

$58.0K $38.40/SF

− Vacancy

−$3.2K −$2.11/SF

EGI

$54.8K $36.29/SF

− OpEx

−$16.4K −$10.89/SF

NOI

$38.4K $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 Rate 5%

$767,120

Cap Rate 7%

$547,943

Cap Rate 9%

$426,178

Alternative Uses

Best Use

Multifamily LT 5

$547.9K

$479.5K – $639.3K (±1% cap)

NOI $38,356 @ 7.0% cap · market cap 5.56%

Second Best

Apartment 5plus

$496.2K

$434.2K – $578.9K (±1% cap)

NOI $34,735 @ 7.0% cap · market cap 5.03%

Theoretical Best

Warehouse

$1.05M

$915.5K – $1.22M (±1% cap)

NOI $73,243 @ 7.0% cap · market cap 10.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Restaurant Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

745

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-family home near shops, schools, transit, and Manhattan ferry.

Where is this duplex located?

The property is located at 246 Soundview Ave The Bronx, NY.

What is the asking price?

The asking price for this property is $690,000.

What are key features of this property?

This property features: Income‑producing two‑family home, ideal for investors or owner‑occupants seeking rental income.; Convenient location near shops, schools, childcare, public transit, and a 15‑minute ferry to Manhattan.; Spacious units: a one‑bedroom apartment and a three‑bedroom duplex.