Two-Family Residential
3043 Matthews Avenue Bronx, NY 10467
3043 Matthews Avenue, Bronx, NY, 10467
$850,000
For Sale
$850,000
Two-unit home with a 3-bedroom, 1.5-bath unit and a separate 1-bedroom, 1-bath unit.
Property Size1,944 SF
Price / SF$437.24
Days on Market27
Property Features for 3043 Matthews Avenue
General Information
- Standard status
- Active
- Size
- 1,944 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1965
Listing agency
Babel Realty, Inc.
(718) 881-7964
Listed by
Kyle Babel
(718) 881-7964
Source
Compass
Added: Jun 26 Updated: Jul 22 at 3:15AM Checked: Jul 22 at 3:15AM
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 Babel Realty, Inc.
Investment Insights
Based on property information with market context.
This two-family residential income property includes a spacious 3-bedroom, 1.5-bath unit and a separate 1-bedroom, 1-bath unit. The layout supports dual-tenant occupancy and offers clear separation between living spaces within the same building.
The property is located near schools, shopping, restaurants, parks, and public transportation, providing convenient access to everyday amenities.
Served as a versatile two-unit setup, the home is well-suited for buyers seeking rental income through two separate residences under one ownership.
The property is located near schools, shopping, restaurants, parks, and public transportation, providing convenient access to everyday amenities.
Served as a versatile two-unit setup, the home is well-suited for buyers seeking rental income through two separate residences under one ownership.
Key Highlights
- Two‑family home built in 1965 with brick construction
- Unit mix: one 3‑bedroom, 1.5‑bath unit plus one 1‑bedroom, 1‑bath unit
- Separate driveway provided
Local 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 | $72.3k | $37.20 |
| − Vacancy | −$4.7k | −$2.42 |
| EGI | $67.6k | $34.78 |
| − OpEx | −$20.3k | −$10.43 |
| NOI | $47.3k | $24.35 |
1,944 SF · lease $37.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$676.2K
$591.6K – $788.9K
NOI $47,331 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$604.3K
$528.8K – $705.0K
NOI $42,302 @ 7.0% cap · market cap 4.98%
Theoretical Best
Warehouse
$1.35M
$1.18M – $1.57M
NOI $94,294 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit home with a 3-bedroom, 1.5-bath unit and a separate 1-bedroom, 1-bath unit.
Where is this duplex located?
The property is located at 3043 Matthews 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: Two‑family home built in 1965 with brick construction; Unit mix: one 3‑bedroom, 1.5‑bath unit plus one 1‑bedroom, 1‑bath unit; Separate driveway provided
