Detached Two-Family
For Sale
$1,199,999
3170 Rawlins Avenue, Bronx, NY 10465
Legal duplex with flexible bedroom arrangements, finished basement space, porches, and outdoor areas on a double lot.
Property Size2,872 SF
Lot Size0.11 Acres
Price / SF$417.83
Days on Market49
Property Features for 3170 Rawlins Avenue
General Information
Standard status
Active
Size
2,872 SF
Total Parking Spaces
5
Lot size
0.11 Acres
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,492
Amenities
front and back porches
Building Details
Building Size
2,872 SF
Year Built
1925
Buildings
1
Units
2
Listing Agency:
RE/MAX Distinguished Hms.&Prop
(718) 662-9191
Listed By:
Raymond Vasquez · License #40VA1005388
(718) 662-9191
Source:
Callexitfirst
Added: Jul 12
Changed: Aug 29
Last Checked: Aug 25 at 9:11AM
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 detached legal two-family residence, built in 1925, provides separate first- and second-floor living arrangements along with additional finished basement space. The first floor includes 3 bedrooms and 2 bathrooms, while the second floor offers 2 bedrooms and 1 bathroom. The finished basement adds 3 bedrooms and a summer kitchen. Total living area is 2,872 square feet.
Outdoor features include both front and rear porches, a side yard, and a backyard. The property occupies a double lot measuring 5,000 square feet in the Country Club area of the Bronx, with access to nearby highways, malls, schools, Pelham Bay Park, and the Long Island Sound.
Outdoor features include both front and rear porches, a side yard, and a backyard. The property occupies a double lot measuring 5,000 square feet in the Country Club area of the Bronx, with access to nearby highways, malls, schools, Pelham Bay Park, and the Long Island Sound.
Key Highlights
- Legal 2‑family detached home built in 1925
- 2,872 square feet of living area
- First floor includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$72,953
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,459,060
$1.5M
Cap Rate 7%
$1,042,186
$1.0M
Cap Rate 9%
$810,589
$810.6K
Market Conditions
NOI Build-Up for 2,872 SF
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.
Gross rent
$110.3K $38.40/SF
− Vacancy
−$6.1K −$2.11/SF
EGI
$104.2K $36.29/SF
− OpEx
−$31.3K −$10.89/SF
NOI
$73.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,459,060
Cap Rate 7%
$1,042,186
Cap Rate 9%
$810,589
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$911.9K – $1.22M
NOI $72,953 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$943.8K
$825.8K – $1.10M
NOI $66,066 @ 7.0% cap · market cap 5.51%
Theoretical Best
Warehouse
$1.99M
$1.74M – $2.32M
NOI $139,307 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,409
Businesses Nearby
Explore this area
Business Placement
Demographics for 10465, NY
45,799
Population
17,200
Households
2.7
Avg Household Size
40
Median Age
29%
College-Educated
86%
High-School Grad
3.9 sq mi
ZIP Area
11,743
Density / Sq Mi
$90,255
Median Household Income
$52,787
Median Earnings
$1,774
Median Rent
$602,000
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 - Legal duplex with flexible bedroom arrangements, finished basement space, porches, and outdoor areas on a double lot.
Where is this duplex located?
The property is located at 3170 Rawlins Avenue Bronx, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Legal 2‑family detached home built in 1925; 2,872 square feet of living area; First floor includes 3 bedrooms and 2 bathrooms
