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Three-Unit Multifamily Income Property

2722 Wallace Avenue Bronx, NY 10467

2722 Wallace Avenue, Bronx, NY, 10467
$999,000
Pending
For Sale
$999,000
Pending

MULTI_FAMILY - Bronx, NY

Lot Size0.05 Acres
Days on Market48

Property Features for 2722 Wallace Avenue

General Information

Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
9
Bathrooms
6
Rooms
Bedroom 9, Bedroom 2, Bathroom 6, Bedroom 5, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 5, Basement, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 7, Bathroom 4, Bathroom 3, Bedroom 1
Parking features
On Street
Interior features
First Floor Bedroom, First Floor Full Bath, Primary Bathroom
Basement
Full
Standard status
Pending
APN
04512-0008
Lot size
0.05 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
4830

Utilities

Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public

Building Details

Year built
2002
Number of units
3
Building materials
Brick
Listing agency Link NY Realty
Listed by Valon Nikci · License #10491202180
Added: Jun 5 Updated: Jul 17 at 9:21PM Checked: Jul 22 at 7:06PM
MLS# 1009825

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.


Investment Insights

Based on property information with market context.

This newly constructed three-unit multifamily property includes three spacious apartments, each with 3 bedrooms and 2 full bathrooms. Two apartments are currently fully occupied, while the third-floor unit is expected to come vacant. The building also features a finished basement that provides additional usable space.

The property is offered for sale at 2722 Wallace Avenue in the Bronx (10467). Public remarks note that it is in excellent condition with minimal maintenance requirements. Tenants pay heat and electric, while the landlord pays water and insurance.

Structured as a non-Article XI property, the building is described as offering maximum rent flexibility, which may be an important consideration for buyers evaluating how rents can be managed over time. With low landlord utility expenses and a finished basement for added flexibility, the layout supports a straightforward rental operation with multiple similarly sized units. Public remarks also cite proximity to shopping, restaurants, schools, public transportation, and major highways.

Key Highlights

  • Multifamily property built in 2002 with brick construction and a finished basement for additional usable space
  • 3‑bedroom, 2 full‑bath apartments layout; 2 apartments are fully occupied and the 3rd‑floor unit is currently vacant
  • Gross monthly income stated as $6,667/month; tenants pay heat and electric

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Real Estate Agency Dental Office Gym & Fitness Center Parking Lot & Garage Skin Care Clinic Acupuncture Bar & Pub Cafe & Coffee Shop Big Box & Wholesale Store

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

FAQs

What type of property is this?
Triplex - Three apartments, two currently occupied, with tenants paying heat and electric for lower landlord utility costs.
Where is this triplex located?
The property is located at 2722 Wallace Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Multifamily property built in 2002 with brick construction and a finished basement for additional usable space; 3‑bedroom, 2 full‑bath apartments layout; 2 apartments are fully occupied and the 3rd‑floor unit is currently vacant; Gross monthly income stated as $6,667/month; tenants pay heat and electric
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