Tara Downing
Call: (516) 317-5303
Text: (516) 317-5303
MLS#1062397
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBronx 7
Property Description
INVESTORS & DEVELOPERS - OPPORTUNITY KNOCKS IN THE BRONX! Located in the Melrose neighborhood, this spacious two-family property presents an exciting opportunity for those looking to add value to their real estate portfolio. Featuring a 3-bedroom, 2-bathroom first-floor unit and a 2-bedroom, 1-bathroom second-floor unit, this property offers a versatile layout with multiple income-producing possibilities. Additional features include a full finished basement with walk-out access, a spacious backyard, gas boiler heating, and street parking. Situated in an R7-2 zoning district, offering potential redevelopment opportunities subject to zoning regulations and necessary approvals. Both units will be delivered vacant at closing! Take advantage of the flexibility to renovate, occupy, or lease the property according to your investment goals. Bring your creativity, explore the possibilities, and make this Melrose property your next investment!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full, Walk-Out Access
Cooling: Separate Meters, Wall/Window Unit(s)
Heating: Hot Water, Natural Gas, Separate Meters
Lot Size: 0.04 Acres
Taxes: $920
Year Built: 1899
Amenities
High Ceilings
Soaking Tub
Feature Descriptions
Building Area Total: 2112
Days on Site: 3
Exterior: Frame
On Market Date: 2026-10-16
Parcel Number: 02381-0062
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 2
Utilities: None
Water: Public
Local Schools
High School: Alfred E Smith Career-Tech High Sch
Middle School: Academy Of Applied Math And Tech
Elementary School: Ps 1 Courtlandt School
School District: Bronx 7
TOUR THIS HOME
Choose a date and time to see 467 E 159th Street, Bronx, NY 10451.
An agent will get in touch to confirm your request shortly.
Estimate Your Payment
Estimated Payment
$ 2,593.90 per month $2,225.57 Principal & Interest $76.67 Property Tax $291.67 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: YourHomeSold Guaranteed Realty
Agency Phone: 718-324-6060
Shown By
Agent Name: Tara Downing
Agent Phone: (516) 317-5303
Agency Title: Laffey Real Estate
467 E 159th Street | MLS# 1062397
This multi-family property located at 467 E 159th Street, Bronx, NY 10451 is currently listed for sale with an asking price of $1,000,000. E 159th Street is located within the Bronx 7 school district. Search Bronx real estate on taradowning.laffey.com today.