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5427 Arnold Avenue

Maspeth, NY 11378
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Bed --

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Bath 0

Bath

Acres0.06

Acre(Lot)

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 owne r-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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,499,999

AD Id : 77758489

MLS Id : 990773

Lot Size : 0.06 Acre

Year Built : 1915

County : Queens

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Feature Features

  • Room Information

    Basement: Finished, Full, Partially Finished
  • Flooring Information

    Ceramic Tile, Tile, Vinyl, Wood
  • Interior Features

    Open Floorplan, Other
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Other Cooling: None

  • Building Information

    Year Built: 1915 Building Area Total: 4125 Construction Materials: Brick, Vinyl Siding Private Pool: No

  • Lot Information

    Lot Size Acres: 0.0574 Lot Size Square Feet: 2500 Lot Description: Back Yard, Private

  • Listing Price Information

    Listing Price: $1499999 Original Price: $1530000

  • Tax Information

    Parcel Number: 02638-0036 Annual Tax: $12215

  • Parking Information

    Parking Total: 2 Private

  • Utility Information

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

    WaterSource: Public
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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 07/20/2026 @ 14:14

MLS: 990773 LISTED BY: Kinga Switajski, BLT Minimax Realty Inc 718-609-0800 SOURCE: OneKey MLS

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