Renovated Flushing Home with
4539 171st Place Flushing, NY 11358
For Sale
$1,398,000
Pending
MULTI_FAMILY - Colonial - Flushing, NY
Property Size2,340 SF
Lot Size0.07 Acres
Days on Market107
Property Features for 4539 171st Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
4
Rooms
Bedroom 5, Basement, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 3
Window features
Aluminum Frames
Interior features
First Floor Bedroom, Eat-in Kitchen, ENERGY STAR Qualified Door(s), Entrance Foyer, Primary Bathroom, Master Downstairs, Quartz/Quartzite Counters
Fencing
Fenced
Basement
Full, Walk-Out Access, Finished
Standard status
Pending
APN
05451-0014
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9306
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Building Details
Year built
1925
Number of units
2
Flooring type
Hardwood
Building materials
Stucco
Architectural style
Colonial
Listing Agency:
Voro LLC
(877) 943-8676
Listed By:
Leonard Zheng SFR · License #10301216944
(347) 440-3000
Added: Apr 15
Changed: Jul 29
Last Checked: Jul 30 at 12:06AM
MLS# 986073
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 renovated one-family home with an ADU is located in Flushing. Situated on a 40' x 71.25' lot, the property features approximately 2,340 square feet of building area. The versatile property includes two spacious units, plus a full basement with a separate entrance and a full walk-up attic, providing ample additional space and flexibility. Recent upgrades include a brand-new stucco exterior, new windows, hardwood floors throughout, modern kitchens and bathrooms with stainless steel appliances, and brand-new heating systems. The home is move-in ready and thoughtfully updated, combining comfort, functionality, and strong income potential. The property is conveniently located near shopping, schools, and transportation, and just half a block from the Q58 and Q72 bus lines. It also offers excellent rental income potential.
Key Highlights
- Renovated Colonial‑style one‑family home with an ADU, built in 1925
- 40' x 71.25' lot with approximately 2,340 SF of building area and two spacious units
- Full basement with separate entrance plus a full walk‑up attic for added flexibility
Financial Insights For Apartment 5plus
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 | $108.1k | $46.20 |
| − Vacancy | −$4.1k | −$1.76 |
| EGI | $104.0k | $44.44 |
| − OpEx | −$46.8k | −$20.00 |
| NOI | $57.2k | $24.44 |
2,340 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$817.1K
$715.0K – $953.3K
NOI $57,200 @ 7.0% cap · market cap 4.09%
Second Best
Multifamily LT 5
$553.3K
$484.1K – $645.5K
NOI $38,731 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.73M
$1.51M – $2.01M
NOI $120,755 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Renovated one-family home with ADU, ideal for investors.
Where is this duplex located?
The property is located at 4539 171st Place Flushing, NY.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Renovated Colonial‑style one‑family home with an ADU, built in 1925; 40' x 71.25' lot with approximately 2,340 SF of building area and two spacious units; Full basement with separate entrance plus a full walk‑up attic for added flexibility
