Detached Two-Family Corner
For Sale
$950,000
3071 Coddington Avenue, Bronx, NY 10461
Detached two-family home on a corner lot with two 2-bedroom units plus a full unfinished basement and two-car garage.
Property Size2,210 SF
Price / SF$429.86
Days on Market28
Property Features for 3071 Coddington Avenue
General Information
Standard status
Active
Size
2,210 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
Century 21 Kafcos Realty
(718) 518-9101
Listed By:
Gregory Kafcos
(718) 518-9101
Source:
Compass
Added: Jul 5
Changed: Jul 21
Last Checked: Jul 31 at 1:10PM
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 Century 21 Kafcos Realty
Investment Insights
Based on property information with market context.
Detached two-family home situated on a corner lot, offering two separate apartments. Each unit includes two bedrooms, a spacious living room, and a large kitchen, with generously sized rooms throughout. The property also features a full unfinished basement used for laundry, with a separate entrance that supports storage and additional future possibilities.
A detached two-car garage completes the offering. The home is described as being commuter-friendly and located near transportation, shops, and restaurants in the Pelham Bay section of the Bronx.
Overall, the layout is designed to accommodate both owner-occupancy and rental use, supported by independent unit space and basement access.
A detached two-car garage completes the offering. The home is described as being commuter-friendly and located near transportation, shops, and restaurants in the Pelham Bay section of the Bronx.
Overall, the layout is designed to accommodate both owner-occupancy and rental use, supported by independent unit space and basement access.
Key Highlights
- Detached two‑family home on a corner lot with two separate 2‑bedroom apartments
- Each unit includes a spacious living room and large kitchen with generously sized rooms
- Full unfinished walk‑out basement with separate entrance, currently used for laundry
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 | $84.9k | $38.40 |
| − Vacancy | −$4.7k | −$2.11 |
| EGI | $80.2k | $36.29 |
| − OpEx | −$24.1k | −$10.89 |
| NOI | $56.1k | $25.40 |
2,210 SF · lease $38.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$802.0K
$701.7K – $935.6K
NOI $56,138 @ 7.0% cap · market cap 5.91%
Second Best
Apartment 5plus
$726.3K
$635.5K – $847.3K
NOI $50,838 @ 7.0% cap · market cap 5.35%
Theoretical Best
Warehouse
$1.53M
$1.34M – $1.79M
NOI $107,196 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,490
Businesses Nearby
Explore this area
Business Placement
Demographics for 10461, NY
54,901
Population
20,418
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
82%
High-School Grad
2.4 sq mi
ZIP Area
22,875
Density / Sq Mi
$65,023
Median Household Income
$45,445
Median Earnings
$1,741
Median Rent
$640,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family home on a corner lot with two 2-bedroom units plus a full unfinished basement and two-car garage.
Where is this duplex located?
The property is located at 3071 Coddington 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: Detached two‑family home on a corner lot with two separate 2‑bedroom apartments; Each unit includes a spacious living room and large kitchen with generously sized rooms; Full unfinished walk‑out basement with separate entrance, currently used for laundry
