Recently Viewed Properties
See This Home
Save This Listing
Close

View All Photos

$1,100,000

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
See This Home
Save This Home
See This Home
Save This Home
Prime 3-Family Cash-Flow Investment Opportunity in Wakefield Positioned in the vibrant Bronx neighborhood of Wakefield, 1038 East 224th Street is a versatile 3-family property designed to maximize rental yields. Whether you are looking to expand your portfolio or live in one unit while collecting substantial rent from the others, this property delivers the ideal layout and location. The home features three spacious units-a generous 4-bedroom unit, a comfortable 2-bedroom unit, and an efficient 1-bedroom unit-allowing for a diverse tenant base and minimized vacancy risk. The lower level includes a convenient walk-out unit, perfect for additional storage, recreational space, or utility access. All units were fully renovated prior to renting. Situated "close to all," residents enjoy easy access to local retail, public transportation (including nearby subway lines and bus routes), schools, and neighborhood parks-ensuring consistently high tenant demand.

Full Property Details for 1038 E 224th St

General

  • Price: $1,100,000
  • Taxes: $7,449
  • Status: Active
  • Type: Multi-Family
  • Source: Long_Island
  • MLS ID: 1049290
  • Updated: 9/10/2026
  • Added to Site: 64 day(s) ago

Interior

  • Interior Features: Storage

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 7

Parking

  • Parking Features: None

Location

  • County: Bronx County

School Information

  • High School District: Contact Agent
  • Elementary School: Contact Agent
  • Middle School: Call Listing Agent
  • High School: Contact Agent

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Natural Gas Connected

Structural Information

  • Detached/Attached: Detached
  • Construction: Brick
  • Basement: Yes
  • Basement Desc.: Partially Finished, See Remarks, Walk-Out Access
  • Building Size: 2016
  • Square Feet: 2,016
  • Year Built: 1940

Lot Features

  • Lot Size (Acres): 0.0628
  • Lot Size (Sq. Ft.): 2,736

Financial Considerations

  • Tax Amount: $7,449.96

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 04870-0055

Listed by EXIT Realty Private Client

Quickly Find Out More

* Indicates a required field

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agent

— 1038 E 224th St —

  • EXIT Realty Private Client

914-222-1000

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1038 E 224th St

School District:New York City Geographic School District 11
NameGradesDistance
Ps 78 Anne Hutchinson
1400 Needham Ave, The Bronx, NY 10469
K-50.4 mi
Jhs 144 Michelangelo
2545 Gunther Ave, The Bronx, NY 10469
6-81.5 mi
Pelham Gardens Middle School
2545 Gunther Ave, The Bronx, NY 10469
6-81.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1038 E 224th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/10/2026
Listed
$1,100,000
41.03%
MLS
6/14/2022
Sold
$780,000
—
Public Record
Get Price Alerts and Save Property
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 for 1038 E 224th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,450
—
$38,983
5%
2025
$7,450
6%
$37,092
6%
2024
$7,028
—
$34,992
—
2023
$7,028
1%
$34,992
-20%
2022
$6,985
2%
$43,800
9%
2021
$6,837
4%
$40,260
4%
2020
$6,543
7%
$38,580
24%
2019
$6,100
4%
$31,080
7%
2017
$5,843
—
$29,160
2%
2017
$5,843
8%
$28,663
6%
2016
$5,412
7%
$27,072
5%
2015
$5,037
5%
$25,758
6%
2014
$4,813
11%
$24,300
-3%
2013
$4,348
—
$25,081
—
View All
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 for 1038 E 224th St

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Listed by EXIT Realty Private Client

1038 E 224th Street, Bronx, NY 10466 (MLS# 1049290) is a Multi-Family property with 3 units containing 7 bedrooms and 4 full bathrooms. 1038 E 224th Street is currently listed for $1,100,000 and was received on September 10, 2026. Want to learn more about 1038 E 224th Street? Do you have questions about finding other Multi-Family real estate for sale in Bronx? You can browse all Bronx real estate or contact a Coldwell Banker agent to request more information.

Tour this property