721 E 242nd Street
Bronx, NY 10470
7
Bed
4
Bath
0.06Acre(Lot)
Welcome to 721 E. 242nd Street, a rare four-family investment property nestled in the heart of Wakefield. Offering over 3,400 square feet of living space, this income-generating building combines classic Bronx character with exceptional potential. Situated on a quiet residential block, the property enjoys close proximity to Metro-North, subway lines, major roadways, local shops, dining, schools, and everyday conveniences. Whether you're an investor looking to expand your portfolio or a buyer seeking a property with substantial rental income, this multifamily residence delivers both versatility and opportunity in one of the Bronx's most established neighborhoods. This gem will not last—schedule your private viewing today!
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 7Bathroom Information
Total Baths: 4 Full Baths: 4 -
Interior Features
Other -
Heating & Cooling
Has Heating: Yes Heating: See Remarks, Other Has Cooling: Yes Cooling: Wall/Window Unit(s)
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Building Information
Year Built: 1931 Building Area Total: 3460 Construction Materials: Block, Brick Private Pool: No
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Lot Information
Lot Size Acres: 0.0574 Lot Size Square Feet: 2500
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Listing Price Information
Listing Price: $1350000
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Tax Information
Parcel Number: 05115-0014 Annual Tax: $7631.8
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Parking Information
Other
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School Information
Elementary School: Ps 16 WakefieldJunior High School: Jhs 144 MichelangeloSenior High School: Contact Agent -
Utility Information
See Remarks -
Location Information
Direction: Take I-87 (Major Deegan Expressway) to Exit 13 for E 233rd Street. Continue east on E 233rd Street, turn left onto White Plains Road, then turn right onto E 242nd Street. Property is located on the block between White Plains Road and Barnes Avenue. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 732 Saint Ouen Street, Bronx, NY, 10470 | $899,000 | 7 | 3 | -- | |
| 4779 White Plains Road, Bronx, NY, 10470 | $2,500,000 | 3 | 3 | -- | |
| 681 E 243rd Street, Bronx, NY, 10470 | $925,000 | 7 | -- | -- | |
| 4733 Carpenter Avenue, Bronx, NY, 10470 | $850,000 | 4 | -- | -- | |
| 4621 Matilda Avenue, Bronx, NY, 10470 | $1,186,000 | 6 | 4 | -- | |
| 4564 Matilda Avenue, Bronx, NY, 10470 | $1,350,000 | 8 | 4 | -- | |
| 4450 Matilda Avenue, Bronx, NY, 10470 | $905,000 | 4 | 3 | -- | |
| 4432 Carpenter Avenue, Bronx, NY, 10470 | $875,000 | 7 | 3 | -- | |
| 521 E 235th Street, Bronx, NY, 10470 | $795,000 | 4 | 2 | -- | |
| 4238 Vireo Avenue, Bronx, NY, 10470 | $689,000 | 4 | 3 | -- |
Similar Multifamily To 721 E 242nd Street
Nearby For Sale
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 06/29/2026 @ 17:49
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