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$260,000
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Property Description
Investor's dream ! Don't miss this income-producing one-bedroom condominium in the highly sought-after Parkchester section of the Bronx . This well-maintained unit is being sold with a dependable Section 8 tenant already in place, providing immediate cash flow from day one. The property generates **$3,013 per month in Section 8 rental income**, with payments made in full, offering a stable and reliable investment . No need to search for a tenant-this is a true turnkey opportunity. Conveniently located near public transportation, shopping, restaurants, schools, parks, and major highways, Parkchester remains one of the Bronx's most desirable communities for long-term rental demand . Whether you're a seasoned investor or looking to expand your real estate portfolio, this property offers consistent income, strong rental demand, and excellent long-term investment potential. **Highlights:** - One bedroom condominium - Reliable Section 8 tenant in place - $3,013/month rental income - Immediate positive cash flow - Prime Parkchester location - Close to transportation, shopping, dining, and schools - Excellent addition to any investment portfolio . Schedule your private showing today and take advantage of this exceptional income-producing property.
Full Property Details
Full Property Details for 1501 Metropolitan Ave #11G
General
- Price: $260,000
- HOA FEE: $932/month
- Taxes: $1,471
- Status: Active
- Type: Condo
- Source: Long_Island
- MLS ID: 980804
- Updated: 8/6/2026
- Added to Site: 141 day(s) ago
Interior
- Number of Rooms: 3
- Interior Features: Elevator, High Ceilings, High Speed Internet, Natural Woodwork, Other, Walk-In Closet(s)
- Appliances: Gas Oven, Microwave, Refrigerator
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Parking
- Parking Features: On Street, Other, Waitlist
Location
- County: Bronx County
School Information
- High School District: Contact Agent
- Elementary School: Contact Agent
- Middle School: Call Listing Agent
- High School: Contact Agent
Community
- Association: Yes
- Assoc. Fees Include: Common Area Maintenance, Exterior Maintenance, Gas, Heat, Hot Water, Sewer, Snow Removal, Trash, Water
- Pets Allowed: Yes
- Pet Restrictions: Call
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, Hot Water, Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Structural Information
- Architectural Style: Other
- Detached/Attached: Attached
- Construction: Block, Brick, Brownstone, Stone, Wood Siding
- Common Walls: No Common Walls
- Entry Floor Number: 11
- Sq. Ft. Source: Public Records
- Year Built: 1940
Financial Considerations
- Association Fee: Yes
- Association Fee: $932
- Assoc Fee Freq.: Monthly
- Tax Amount: $1,471.72
Disclosures and Reports
- Special Conditions: None
- Property ID: 03944-2619
Listed by YCL Real Estate Consulting
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Schools
Schools serving 1501 Metropolitan Ave #11G
School District:New York City Geographic School District 11
| Name | Grades | Distance |
|---|---|---|
Ps 106 Parkchester 1514 Olmstead Ave, The Bronx, NY 10462 | PK-5 | 0.4 mi |
Jhs 127 The Castle Hill 1560 Purdy St, The Bronx, NY 10462 | 6-8 | 0.4 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 1501 Metropolitan Ave #11G
Date
Details
Price
Change
Source
8/06/2026
Price Reduced
$260,000
-1.89%
MLS
8/03/2026
Price Increased
$265,000
6.43%
MLS
6/18/2026
Price Reduced
$249,000
-2.35%
MLS
6/15/2026
Price Reduced
$255,000
-3.77%
MLS
6/03/2026
Price Increased
$265,000
1.92%
MLS
4/05/2026
Listed
$260,000
246.67%
MLS
7/19/2012
Sold
$75,000
—
Public Record
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 1501 Metropolitan Ave #11G
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,554
2%
$28,597
5%
2024
$1,521
—
$27,218
1%
2024
$1,521
3%
$27,076
2%
2023
$1,477
9%
$26,454
3%
2022
$1,355
12%
$25,742
3%
2021
$1,214
72%
$24,964
-7%
2020
$704
21%
$26,738
2%
2019
$583
-28%
$26,305
22%
2017
$815
—
$21,609
5%
2017
$815
2%
$20,536
9%
2016
$800
-6%
$18,899
9%
2015
$847
-13%
$17,375
-15%
2014
$970
-12%
$20,545
9%
2013
$1,100
—
$18,824
—
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 1501 Metropolitan Ave #11G
1501 Metropolitan Avenue #11G, Bronx, NY 10462 (MLS# 980804) is a Condo property with 1 bedroom and 1 full bathroom. 1501 Metropolitan Avenue #11G is currently listed for $260,000 and was received on April 05, 2026. Want to learn more about 1501 Metropolitan Avenue #11G? Do you have questions about finding other Condo real estate for sale in Bronx? You can browse all Bronx real estate or contact a Coldwell Banker agent to request more information.

