Four-Level Triplex with
New
For Sale
$999,500
3637 Olinville Ave The, Bronx, NY 10467
Three apartments, a finished lower-level suite, garage, laundry, and backyard access support flexible residential use.
Property Size3,388 SF
Lot Size0.05 Acres
Days on Market4
Property Features for 3637 Olinville Ave The
General Information
Standard status
Active
Size
3,388 SF
Total Parking Spaces
1
Lot size
0.05 Acres
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,578
Building Details
Building Size
3,388 SF
Year Built
1978
Buildings
1
Stories
4
Units
3
Listing Agency:
Weichert Realtors Legacy Group
(347) 739-4122
Listed By:
Maria Porco Rosa
(347) 739-4122
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 11 at 11:11AM
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 Weichert Realtors Legacy Group
Investment Insights
Based on property information with market context.
This 1978 triplex spans four full levels and includes two three-bedroom, one-bath apartments along with a larger one-bedroom, one-bath apartment. The finished basement adds 1196 square feet with three additional rooms, a full bath, laundry room, and boiler room. The lower level also opens to the backyard. Interior features include high ceilings and hardwood floors, while an attached one-car garage provides on-site parking.
The property is at 3637 Olinville Ave in The Bronx’s Williamsbridge neighborhood, with access to the 2 and 5 trains, local bus service on White Plains and Gun Hill Roads, the Bronx River Parkway, I-95, and the Hutchinson River Parkway. The lot measures 22 x 94.75, and the dwelling measures 22 x 52.
The property is at 3637 Olinville Ave in The Bronx’s Williamsbridge neighborhood, with access to the 2 and 5 trains, local bus service on White Plains and Gun Hill Roads, the Bronx River Parkway, I-95, and the Hutchinson River Parkway. The lot measures 22 x 94.75, and the dwelling measures 22 x 52.
Key Highlights
- Triplex with two three‑bedroom, one‑bath apartments and one one‑bedroom, one‑bath apartment
- Finished basement adds 1196 square feet with three rooms, a full bath, laundry, and boiler room
- Four full levels with high ceilings and hardwood floors
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
$82,489
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
8.25%
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%
$1,649,780
$1.6M
Cap Rate 7%
$1,178,414
$1.2M
Cap Rate 9%
$916,544
$916.5K
Market Conditions
NOI Build-Up for 3,388 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
$126.0K $37.20/SF
− Vacancy
−$8.2K −$2.42/SF
EGI
$117.8K $34.78/SF
− OpEx
−$35.4K −$10.43/SF
NOI
$82.5K $24.35/SF
Area
ZIP 10467
Vacancy
6.50%
Lease Rate
$37.20 /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%
$1,649,780
Cap Rate 7%
$1,178,414
Cap Rate 9%
$916,544
Alternative Uses
Best Use
Multifamily LT 5
$1.18M
$1.03M – $1.37M
NOI $82,489 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$1.05M
$921.6K – $1.23M
NOI $73,724 @ 7.0% cap · market cap 7.38%
Theoretical Best
Warehouse
$2.35M
$2.05M – $2.74M
NOI $164,335 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,252
Businesses Nearby
Explore this area
Business Placement
Demographics for 10467, NY
103,660
Population
40,582
Households
2.6
Avg Household Size
36
Median Age
22%
College-Educated
75%
High-School Grad
2.3 sq mi
ZIP Area
45,070
Density / Sq Mi
$47,806
Median Household Income
$36,949
Median Earnings
$1,505
Median Rent
$425,500
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?
Triplex - Three apartments, a finished lower-level suite, garage, laundry, and backyard access support flexible residential use.
Where is this triplex located?
The property is located at 3637 Olinville Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $999,500.
What are key features of this property?
This property features: Triplex with two three‑bedroom, one‑bath apartments and one one‑bedroom, one‑bath apartment; Finished basement adds 1196 square feet with three rooms, a full bath, laundry, and boiler room; Four full levels with high ceilings and hardwood floors
