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$1,225,000

  • For Sale
  • Active
  • Commercial
  • Updated 13 days ago
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Excellent investment opportunity in the Soundview section of the Bronx: a solid brick mixed-use building consisting of three residential apartments (two 1-bedroom units and one 2-bedroom unit) and two ground-floor commercial storefronts, one currently leased. Legal 3 family + 2 storefronts. The property is projected to generate $147,384 in gross annual income with low annual property taxes of just $13,000, offering investors a strong 11% cash-on-cash return based on conservative underwriting. Centrally located near public transportation, the building is just blocks from the Elder Ave 6 train station, major MTA bus lines, and close to the Bruckner and Cross Bronx Expressways, ensuring high accessibility for both tenants and businesses. A high-yield, low-maintenance asset with upside potential in a growing corridor.

Full Property Details for 1349 Elder Ave

General

  • Price: $1,225,000
  • Taxes: $13,174
  • Status: Active
  • Type: Commercial
  • Source: Long_Island
  • MLS ID: 895571
  • Updated: 12/10/2025
  • Added to Site: 172 day(s) ago

Business

  • Business Type: Mixed, Utility

Interior

  • Flooring: Hardwood

Location

  • County: Bronx County

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Natural Gas, Radiant, Steam
  • Heating Zones: 5

Utilities

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

Structural Information

  • Detached/Attached: Detached
  • Construction: Stone
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Building Size: 2420
  • Square Feet: 2,420
  • Year Built: 1926

Lot Features

  • Lot Size (Acres): 0.1957
  • Lot Size (Sq. Ft.): 8,524
  • Fence: Yes
  • Zoning: r6
  • Fencing (Description): Fenced

Financial Considerations

  • Tax Amount: $13,174.84

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 03862-0023

Listed by YourHomeSold Guaranteed Realty

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— 1349 Elder Ave —

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NMLS#: 1598647

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Schools serving 1349 Elder Ave

School District:New York City Geographic School District 12
NameGradesDistance
Ps 195
1250 Ward Ave, The Bronx, NY 10472
PK-50.2 mi
Ps 196
1250 Ward Ave, The Bronx, NY 10472
PK-50.2 mi
Ps 214
1970 W Farms Rd, The Bronx, NY 10460
6-80.5 mi
School Of Performing Arts
977 Fox St, The Bronx, NY 10459
6-81 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 1349 Elder Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/26/2025
Price Reduced
$1,225,000
-5.7%
MLS
7/31/2025
Listed
$1,299,000
—
MLS
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 1349 Elder Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$13,455
3%
$114,200
3%
2024
$13,035
8%
$110,557
8%
2023
$12,016
100%
$102,401
-56%
2022
100%
$230,400
20%
2021
-100%
$192,150
-9%
2020
$10,310
2%
$210,600
7%
2019
$10,079
14%
$196,200
149%
2017
$8,813
—
$78,770
8%
2017
$8,813
26%
$72,976
8%
2016
$7,007
—
$67,574
—
2015
$7,001
10%
$67,574
3%
2014
$6,377
6%
$65,419
8%
2013
$6,018
—
$60,593
—
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.

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1349 Elder Avenue, Bronx, NY 10472 (MLS# 895571) is a Commercial property. 1349 Elder Avenue is currently listed for $1,225,000 and was received on July 31, 2025. Want to learn more about 1349 Elder Avenue? Do you have questions about finding other Commercial real estate for sale in Bronx? You can browse all Bronx real estate or contact a Coldwell Banker agent to request more information.

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