BEDS6
BATHS3 full
MLS#996477
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLContact Agent
Property Description
Welcome to 1392 Commonwealth Avenue, a rare opportunity to own a versatile and income producing 3 family property offering exceptional space, flexibility, and long term investment potential. Whether you are an investor looking to expand your portfolio or an owner occupant seeking to offset your mortgage with rental income, this property presents an outstanding opportunity.The first floor features a well laid out 3 bedroom residence complete with a spacious living room, kitchen, and full bathroom. The second floor offers an expansive and unique layout highlighted by a massive open concept living and dining area, custom built in bar, elegant china cabinet, 3 generously sized bedrooms, 2 full bathrooms, and a full kitchen ideal for comfortable everyday living and entertaining alike.In addition, the property includes a separate studio unit located behind the first floor residence with private side access, creating an additional source of rental income and added versatility. The home also features a fully finished basement, providing additional flexible space ideal for recreation, storage, workspace, or extended living use.All units are currently occupied by paying tenants on month to month agreements, offering immediate cash flow with future flexibility for investors or end users alike. Property can also be delivered vacant, creating endless possibilities for customization, owner occupancy, or maximizing rental potential.With strong income potential and multiple living configurations, this property is an exceptional opportunity for both seasoned investors and first time buyers alike.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Baseboard, Oil, Other
Lot Size: 0.04 Acres
Taxes: $5,137
Year Built: 1910
Amenities
Other
Feature Descriptions
Building Area Total: 1920
Exterior: Brick
On Market Date: 2026-05-07
Parcel Number: 03875-0040
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Seller Concession: Yes
Sewer: Public Sewer
Units: 2
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Contact Agent
Elementary School: Contact Agent
School District: Contact Agent
Estimate Your Payment
Estimated Payment
$ 6,305.77 per month $5,557.14 Principal & Interest $428.08 Property Tax $320.54 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Z Squared Realty Group
Agency Phone: 919-637-3842
Shown By
Agent Name: Linda Neophytou
Agent Phone: (631) 588-9090
Agency Title: Coldwell Banker American Homes
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1392 Commonwealth Avenue | MLS# 996477
This multi-family property located at 1392 Commonwealth Avenue , Bronx, NY 10472 is currently listed for sale with an asking price of $1,099,000. Commonwealth Avenue is located within the Contact Agent school district. Search Bronx real estate on lindaneophytou.cbamhomes.com today.