$1,499,999
JUST REDUCED – Now $1,499,999! Rare 6-Family Corner Building | $110K+ Income | Vacant Unit at Closing
5 Units Rented + 1 Delivered Vacant | Backyard, Partially Finished Basement & 2-Car Private Driveway
Recently Reduced to $1,499,999! Don't miss this exceptional opportunity to own a rare 6-family income-producing property in Maspeth, Queens - one of the most desirable and stable rental markets in the borough. Known for its low-density character and strong tenant demand, Maspeth is primarily composed of 1–4 family homes, making a property of this size a rare find.
This sunny 3-story corner building offers excellent natural light, strong long-term investment potential, and is currently generating over $110,000 in annual rental income from 5 of its 6 apartments.
The 6th apartment is owner-occupied and will be delivered vacant at closing, providing a rare opportunity for an owner-occupant or the potential to further increase rental income and overall cash flow.
Property Highlights
Price Reduced to $1,499,999
6 Total Apartments
5 Income-Producing Units
1 Unit Delivered Vacant
$110,000+ Annual Income
Rare 6-Family Building in a Neighborhood Dominated by 1–4 Family Homes
Sunny Corner Location with Excellent Natural Light
Full Basement
Private Backyard
Fenced Private Driveway with Parking for 2 Cars min.
Convenient Access to Major Highways, Shopping, Restaurants, and Local Amenities
Whether you're an investor seeking stable cash flow and long-term appreciation or an owner-occupant looking to offset expenses with rental income, this unique Maspeth property presents a rare opportunity in a highly desirable Queens neighborhood.
Price Improvement – Now Offered at $1,499,999. Schedule your private showing today.
988833
MLS
5427 Arnold Avenue, Maspeth
