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2531B Grand Avenue

Bronx, NY 10468
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Bed 8

Bed

Bath 6

Bath

Acres0.05

Acre(Lot)

Outstanding opportunity to own a well-maintained legal three-family property in the highly accessible Fordham/Kingsbridge Heights area of the Bronx. Built in 2004 and offering approximately 3,206 sq. ft. of living space, this spacious property features a desirable unit mix consisting of a 2-bedroom, 2-bath first-floor apartment and two 3-bedroom, 2-bath apartments on the second and third floors. Each unit offers generous layouts and hardwood flooring, with natural-gas heat and separately metered gas and electric service for each apartment. The first-floor unit also enjoys access to private rear outdoor space, while two front parking spaces provide valuable off-street parking. The strong 2BR/3BR/3BR configuration creates excellent rental-income potential and flexibility for investors or a n owner-user looking to occupy one unit while generating income from the others. Conveniently located near the 4 and D subway lines, multiple bus routes including the Bx12, Bx9, Bx3, Bx22 and Bx28, and a wide variety of shopping, schools, colleges, healthcare facilities and major roadways. Beyond its current income-producing potential, the property offers an especially compelling long-term investment opportunity. Situated on an approximately 18.75' x 106' lot within an R6 zoning district, the property is located in an area experiencing continued multifamily investment and development activity. The surrounding neighborhood includes significantly larger multifamily developments, creating potential opportunities for investors interested in future redevelopment, assemblage or additional development rights. Any redevelopment, expansion, air-rights or assemblage potential should be independently verified by the purchaser with the appropriate zoning and architectural professionals. A unique opportunity to acquire a modern legal three-family property combining parking, outdoor space, separate utilities, strong rental potential, excellent transportation access and intriguing long-term development possibilities.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,399,000

AD Id : 91365053

MLS Id : 1053081

Beds : 8

Lot Size : 0.05 Acre

Tax Amount : $237.20

Year Built : 2004

County : Bronx

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 6 Full Baths: 6

    Room Information

    Basement: None
  • Interior Features

    Eat-in Kitchen, High Speed Internet, Storage
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas Cooling: None

  • Building Information

    Year Built: 2004 Building Area Total: 3206 Construction Materials: Brick Private Pool: No

  • Lot Information

    Lot Dimensions: 18.75 x 106 Lot Size Acres: 0.0456 Lot Size Square Feet: 1988

  • Listing Price Information

    Listing Price: $1399000

  • Tax Information

    Parcel Number: 03214-0147 Annual Tax: $237.2

  • Parking Information

    Parking Total: 2 Driveway

  • School Information

    Elementary School: Ps 86 Kingsbridge Heights
    Junior High School: Acad-Personal Ldshp And Excellence
    Senior High School: Celia Cruz Bronx Hs Of Music (The)
  • Utility Information

    Natural Gas Available, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2308 Morris Avenue, Bronx, NY, 10468 $1,199,999 9 3 -- 0.05 Acre
2540 Davidson Avenue, Bronx, NY, 10468 $1,400,000 7 2 -- 0.09 Acre
2532 Davidson Avenue, Bronx, NY, 10468 $1,500,000 -- -- -- 0.14 Acre

The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 10/03/2026 @ 06:38

MLS: 1053081 LISTED BY: Mohammed Ali, Best Hope Realty Inc 718-685-2000 SOURCE: OneKey MLS

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