Detached Two-Family
For Sale
$1,199,999
3170 Rawlins Avenue, Bronx, NY 10465
Residential Income, Bronx, NY
Property Size2,872 SF
Lot Size0.11 Acres
Price / SF$417.83
Days on Market58
Property Features for 3170 Rawlins Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 5, Bedroom 2, Dining Room, Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 7, Bedroom 6, Bathroom 3, Bathroom 1, Bedroom 4, Basement
Parking
5
Parking features
Driveway
Interior features
Formal Dining
Exterior features
Garden
Basement
Finished
Lot features
Level
Elementary school
Cornerstone Acad For Social Action
Middle school
Bronx Academy Of Health Careers
High school
Acad-Scholarship & Entrepreneurship
Elementary school district
Bronx 11
Middle school district
Bronx 11
High school district
Bronx 11
Standard status
Active
APN
05406-0067
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9493
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
front porch
back porch
side yard
backyard
summer kitchen
Building Details
Year built
1925
Number of units
2
Building materials
Aluminum Siding, Brick
Architectural style
Colonial
Listing Agency:
RE/MAX Distinguished Hms.&Prop · RE/MAX International
(914) 346-8255
Listed By:
Raymond Vasquez · License #40VA1005388
(718) 662-9191
Added: Jul 2
Changed: Aug 20
Last Checked: Aug 28 at 9:06AM
MLS# 1021489
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 detached Colonial residence, built in 1925, is configured as a legal two-family home. The first-floor apartment includes three bedrooms and two bathrooms, while the second-floor apartment provides two bedrooms and one bathroom. A finished basement adds three bedrooms and a summer kitchen, along with additional functional space. The property offers 2,872 square feet of living area and sits on a 5,000-square-foot double lot.
Exterior features include front and rear porches, a side yard, backyard, garden space, aluminum siding, and brick construction. The home has baseboard heating, wall and window unit cooling, driveway parking, public water, public sewer, and electricity available. It is located in Country Club near the Long Island Sound, highways, malls, schools, and Pelham Bay Park.
Exterior features include front and rear porches, a side yard, backyard, garden space, aluminum siding, and brick construction. The home has baseboard heating, wall and window unit cooling, driveway parking, public water, public sewer, and electricity available. It is located in Country Club near the Long Island Sound, highways, malls, schools, and Pelham Bay Park.
Key Highlights
- Legal two‑family home with a fully detached layout
- First floor: 3 bedrooms and 2 bathrooms; second floor: 2 bedrooms and 1 bathroom
- Finished basement with 3 bedrooms and a summer kitchen
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family residence with a finished basement, porches, yard space, and driveway parking.
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 two‑family home with a fully detached layout; First floor: 3 bedrooms and 2 bathrooms; second floor: 2 bedrooms and 1 bathroom; Finished basement with 3 bedrooms and a summer kitchen
