Long Island City Homes with Multi Family Subtype

Long Island City Homes with Multi Family Subtype

Long Island City, situated in Queens, New York, is a vibrant neighborhood known for its thriving arts scene, waterfront parks, and stunning views of the Manhattan skyline. This bustling area offers a mix of old industrial charm and modern luxury living, making it a popular choice for those seeking a dynamic urban lifestyle.

Homes in Long Island City with the Multi Family subtype are highly sought after for their versatility and investment potential. Whether you're looking to live in one unit and rent out the others, or seeking a property with rental income opportunities, multi-family homes in Long Island City offer a range of options to suit your needs. From historic brownstones to contemporary townhouses, there are plenty of choices available in this diverse and desirable neighborhood.

With easy access to public transportation, top-rated restaurants, and cultural attractions, Long Island City provides a unique blend of convenience and charm. If you're considering investing in a multi-family home in this vibrant area, now is the perfect time to explore the opportunities available in Long Island City.

Newest Long Island City Homes with Multi Family Subtype

$3,180,000
1011596 MLS
8-Family | Fully Rented | up to 7% Return. A large brick 4-story townhouse in the heart of Long Island City, close to all. 6 units are free market, 2 units are RS. Excellent condition, all unit are 3 bedrooms and 2 baths. All units are fully leased with stable rental income and strong rental returns. Annual income $251,534. NOI $205,306. LOT DIMENSIONS: 35ft X100.08ft , BUILDING DIMENSIONS: 35ft X75ft. Cash Flow Awaits!

36-05 Vernon Boulevard, Long Island City
$1,600,000
1008766 MLS
6 Independent Units: Fully configured income-producing streams with excellent layouts optimized for consistent tenant retention. The Ultimate Commuter Location: Perfectly situated "close to all"—just minutes from major public transportation hubs, expressways, local shopping districts, dining, and schools. Vacancies will be a thing of the past. Rare Private Driveway Private Backyard: A spacious outdoor retreat perfect for tenant recreation, community space, or further customization. Full Basement

50-35 38th Street, Long Island City
$5,580,000
998685 MLS
This property is in the rapidly evolving Dutch Kills section of Long Island City. The property Lot dimensions 75 ft x 85 ft consists of a 6,685 square foot lot, Residential FAR 1.65, Commercial FAR 3,Facility FAR 2, Max buildable area20,055 sqft. Currently It's 5 family houses, Two 25 x 40 Buildings with two car garage. Only $278/per Buildable square foot is a Great chance for developer .

38-12 28th Street, Long Island City
$5,000,000
980250 MLS
Multifamily Investment Offering 35-52 Steinway Street | Astoria, Queens, NY Property Overview---------------------------- Rare opportunity to acquire a 20-unit rent-stabilized multifamily building located on the highly desirable Steinway Street corridor in Astoria, Queens. This income-producing asset offers stable, predictable cash flow in one of New York City’s strongest rental markets. The property consists of 20 residential units, including 15 spacious two-bedroom apartments and 5 additional units with efficient layouts. The asset is well-suited for investors seeking long-term stability with upside potential in a high-demand location. Financial Overview------------------------ Asking Price: $5,500,000 Gross Scheduled Income: $404,040 Operating Expenses: $144,500 Net Operating Income (NOI): $259,540 Cap Rate: 5.19% Gross Rent Multiplier (GRM): 13.61 Price Per Unit: $275,000 Investment Highlights------------------- 20-unit rent-stabilized building Strong, consistent in-place income Majority two-bedroom unit mix Located on a prime commercial corridor High tenant demand and low vacancy area Long-term hold with stable returns Location Overview---------------------Astoria, Queens Positioned in the heart of Astoria along the vibrant Steinway Street corridor, the property benefits from immediate access to a wide range of retail, restaurants, and neighborhood amenities. Astoria is one of Queens’ most desirable residential neighborhoods, known for its diverse dining scene, cultural attractions, and convenient access to public transportation with a short commute to Midtown Manhattan. The area continues to attract steady renter demand, making it a proven and resilient multifamily submarket.

3552 Steinway Street, Long Island City
$2,799,000
956251 MLS
Set just one block from Gantry Plaza State Park, this refined multi-family residence captures the quiet rhythm of Long Island City’s waterfront—where the city reveals its most elegant side. Morning runs unfold along the East River with Manhattan’s skyline stretching effortlessly across the horizon, a daily reminder that the world’s most dynamic city is both near and gracefully distant. Tree-lined streets offer calm and privacy, while the surrounding neighborhood hums with understated cultural energy. The classic three-story building features six well-appointed one-bedroom residences, each benefiting from a location that has long defined desirability rather than chasing it. Here, lifestyle and investment move in the same direction—anchored by permanence, proximity, and prestige. With East River Ferry access nearby, commuting becomes a refined alternative to the ordinary, connecting residents to Manhattan with ease. Cafés, dining, and cultural destinations are moments away, completing a setting that feels distinctly New York, yet remarkably composed. This is a rare opportunity to secure a property that embodies the poetry of the city—measured, confident, and enduring.

517 51st Avenue, Long Island City
$1,499,000
949156 MLS
Attention all investors, developers and end-users. In the heart of Long Island City, right off Jackson Avenue, this 6-family building is for sale!!! Each unit has 2 bedrooms, 1 bath, a kitchen and living room. Full unfinished basement with 2 outdoor exits. Income: Unit 1R: $1,424.69/month, lease exp: 4/22/26; 2R: $1,765.00/month, lease exp. 1/31/26; 3R: $1,993.32/month, lease exp. 11/30/25; 1L: in LEGAL; 2L: $1,754.84, lease exp. 2/28/26; 3L: $785.28/month, lease exp. 4/30/26. Annual expenses: Water/Sewer: $4,902. Oil: $4,213. Fire Insurance: $23. Exterminator: $321. Supplies: $4,213. Insurance: $9,832. Taxes: $13,766.84. Five of the 6 units are rent stabilized, Unit 1L is rent controlled.

11-21 47th Road, Long Island City
$1,320,000
914047 MLS
Legal 6-Family !! An excellent investment opportunity in a highly desirable neighborhood! This fully occupied 6-family building features six spacious units, each offering 2 bedrooms and 1 bathroom. All units are rent-stabilized and currently occupied by reliable tenants, providing steady income for investors looking to expand their portfolio. Basement: Full basement. Building Size: 21 X 58, Lot Size: 25 X 100.83, Zoning: R5. Conveniently located close to Rainy Park and just a few blocks away from Ferry Service.

34-41 9th Street, Long Island City
$2,600,000
804762 MLS
16 Units Property For Sale.

36-16 30 Street, Long Island City
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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.