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$649,999
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Property Description
Offering rental income, future equity, and a stake in a rapidly growing beachside community. 318 Beach is perfect for the 1st time buyer & long term Investor looking for a lower cost of entry with long term returns in equity & passive income all while enjoying the laid back energy of beach a lifestyle. Welcome to this well-kept legal two-family, 5-bedroom, 3-bath Hi-ranch, located just blocks from the beach in the heart of Far Rockaway, Queens. This spacious home offers the warmth of classic design combined with the convenience of multi-level living. Step inside to find a bright and inviting living room glowing with natural light throughout the day, and a cozy layout perfect for relaxing or entertaining. The eat-in kitchen features plenty of cabinet space, tiled countertops, and full-sized appliances - ready for your personal touch or modern update. Upstairs, you'll find comfortable bedrooms and a full bath, while the lower level provides excellent flexibility - featuring a separate apartment ideal for rental income or extended family. The additional 1 bedroom unit helps offset monthly expenses, making this both a comfortable home and a smart investment. Plus, there's room to easily convert the space to a 2 bedroom unit for stronger rental income. Outside, the property features a large driveway with ample parking, a covered front porch, and a fenced yard area perfect for gatherings or gardening. Located near public transportation, schools, shops, and just minutes from the boardwalk and Rockaway Beach, this home combines coastal living with NYC convenience - especially with Manhattan just a ferry ride away. How can you beat it? Whether you're looking for a long-term home near the beach or an income-producing property, 318 Beach 42nd Street delivers comfort, value, and potential. Take a tour today!
Full Property Details
Full Property Details for 3-18 Beach 42nd St
General
- Price: $649,999
- Taxes: $3,929
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 928447
- Updated: 10/30/2025
- Added to Site: 85 day(s) ago
Interior
- Interior Features: First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Eat-in Kitchen, In-Law Floorplan
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: Driveway
Location
- County: Queens
School Information
- High School District: Queens 27
- Elementary School: Ps 43
- Middle School: Channel View School For Research
- High School: Channel View School For Research
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public
Structural Information
- Architectural Style: Hi Ranch
- Detached/Attached: Attached
- Construction: Frame
- Building Size: 1764
- Square Feet: 1,764
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.075
- Lot Size (Sq. Ft.): 3,269
Water Features
- Water Front View: Beach Access
Financial Considerations
- Tax Amount: $3,929.04
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Special Conditions: Probate Listing
- Property ID: 15831-0015
Listed by D Network Realty Inc
Get Pre-Approved Today
Schools
Schools serving 3-18 Beach 42nd St
School District:New York City Geographic School District 27
| Name | Grades | Distance |
|---|---|---|
Lighthouse Elementary School 180 Beach 35th St, Queens, NY 11691 | PK-5 | 0.3 mi |
Village Academy 10-45 Nameoke St, Queens, NY 11691 | 6-8 | 1.4 mi |
Ms 53 Brian Piccolo 10-45 Nameoke St, Queens, NY 11691 | 6-8 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3-18 Beach 42nd St
Date
Details
Price
Change
Source
10/24/2025
Listed
$649,999
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3-18 Beach 42nd St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,164
6%
$22,153
-37%
2024
$3,917
—
$34,920
67%
2023
$3,909
—
$20,860
-37%
2022
$3,916
2%
$33,360
20%
2021
$3,822
6%
$27,900
-8%
2020
$3,612
7%
$30,480
-1%
2019
$3,391
5%
$30,660
76%
2017
$3,224
—
$17,383
1%
2017
$3,224
9%
$17,284
6%
2016
$2,950
9%
$16,306
6%
2015
$2,699
9%
$15,384
6%
2014
$2,481
7%
$14,515
—
2013
$2,329
—
$14,486
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3-18 Beach 42nd St
318 Beach 42nd Street, Arverne, NY 11691 (MLS# 928447) is a Multi-Family property with 2 units containing 5 bedrooms and 3 full bathrooms. 318 Beach 42nd Street is currently listed for $649,999 and was received on October 24, 2025. Want to learn more about 318 Beach 42nd Street? Do you have questions about finding other Multi-Family real estate for sale in Arverne? You can browse all Arverne real estate or contact a Coldwell Banker agent to request more information.

