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$999,000 Just Listed
Property Description
2 fully occupied apartments · 3rd Floor Unit Comes Vacant. $6,667/mo gross income · New construction. Excellent condition, minimal maintenance Tenants pay heat & electric. Low landlord expenses. Non-Article XI. Maximum rent flexibility. Finished basement provides additional usable space. Exceptional investment opportunity! This non-Article XI multifamily property features three spacious apartments, each offering 3 bedrooms and 1 full bathroom. The building also includes a finished basement, providing additional usable space and flexibility. Recently constructed from the ground up, this property is in excellent condition and requires minimal maintenance. Tenants are responsible for their own heat and electric, while the landlord pays only water and insurance, helping to maximize net operating income. Ideally located in a prime area close to shopping, restaurants, schools, public transportation, and major highways, this property offers strong rental appeal and long-term investment potential. Whether you are looking to expand your portfolio or acquire a turnkey income-producing asset, this is an opportunity you do not want to miss.
Full Property Details
Full Property Details for 2722 Wallace Ave
General
- Price: $999,000
- Taxes: $4,830
- Status: Active
- Type: Multi-Family
- Source: Long_Island
- MLS ID: 1009825
- Updated: Today (6/5/2026)
- Added to Site: Today
Interior
- Interior Features: First Floor Bedroom, First Floor Full Bath, Other, Primary Bathroom
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 9
Parking
- Parking Features: On Street
Location
- County: Bronx County
School Information
- High School District: Bronx 11
- Elementary School: Baychester Academy
- Middle School: Astor Collegiate Academy
- High School: Bronx Academy Of Health Careers
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Baseboard, Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: See Remarks
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Building Size: 3276
- Square Feet: 3,276
- Year Built: 2002
Lot Features
- Lot Size (Acres): 0.0482
- Lot Size (Sq. Ft.): 2,100
Financial Considerations
- Tax Amount: $4,830
Disclosures and Reports
- Special Conditions: None
- Property ID: 04512-0008
Listed by Link NY Realty
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Schools
Schools serving 2722 Wallace Ave
School District:New York City Geographic School District 11
| Name | Grades | Distance |
|---|---|---|
Ps 76 The Bennington School 900 Adee Ave, The Bronx, NY 10469 | K-5 | 0.3 mi |
Pelham Academy Of Academics And Community Engageme 2441 Wallace Ave, The Bronx, NY 10467 | 6-8 | 0.3 mi |
Bronx Green Middle School 2441 Wallace Ave, The Bronx, NY 10467 | 6-8 | 0.3 mi |
Bronx Park Middle School 2441 Wallace Ave, The Bronx, NY 10467 | 6-8 | 0.3 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 2722 Wallace Ave
Date
Details
Price
Change
Source
6/05/2026
Listed
$999,000
—
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 2722 Wallace Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,950
—
$53,596
6%
2025
$4,950
60%
$50,562
6%
2024
$3,099
110%
$47,700
-25%
2023
$1,479
-1%
$63,900
19%
2022
$1,495
-4%
$53,880
6%
2021
$1,550
-1%
$50,940
2%
2020
$1,559
1%
$49,980
7%
2019
$1,540
—
$46,620
24%
2018
$1,541
3%
$37,500
-7%
2017
$1,501
2%
$40,516
6%
2016
$1,472
2%
$38,223
6%
2015
$1,440
2%
$36,060
—
2014
$1,413
—
$36,060
-6%
2014
$1,413
—
$38,436
—
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 2722 Wallace Ave
2722 Wallace Avenue, Bronx, NY 10467 (MLS# 1009825) is a Multi-Family property with 3 units containing 9 bedrooms and 3 full bathrooms. 2722 Wallace Avenue is currently listed for $999,000 and was received on June 05, 2026. Want to learn more about 2722 Wallace Avenue? 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.
