Thornwood Real Estate Search

Thornwood Multi-Family Properties for Sale

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Newest Thornwood Multi-Family Homes for Sale

$435,000
2 Beds 1 Baths 1049038 MLS
A fantastic Hudson Valley opportunity is waiting for you in the heart of Gardiner! Whether you're looking for an investment property, an owner-occupied home with rental income potential, or a property you can transform into something truly special, this two-family home offers an exciting opportunity to make it your own. Set in the sought-after community of Gardiner, this property puts you close to everything that makes the Hudson Valley so special. Located approximately 90 miles from New York City, Gardiner is surrounded by breathtaking scenery, hiking trails, vineyards, wineries, distilleries, farm-to-table restaurants, boutiques, cafés, and a vibrant arts and music scene. The property features two separate units, each offering a convenient one-level layout with two bedrooms and one full bathroom. Updated flooring throughout provides a fresh and inviting starting point for your finishing touches. Both units feature comfortable living room spaces that flow into the kitchens, with each kitchen offering access to its own rear deck. A privacy wall separates the two outdoor living areas, creating a great space for relaxing or entertaining. A hallway off each kitchen leads to the full bathroom and two bedrooms. The home also includes a full unfinished basement with washer and dryer, offering excellent storage and potential for additional use, subject to applicable approvals. The property does need some additional work and updating, making it an ideal opportunity for a buyer with a vision to add their own style while building equity. With the two-family configuration, updated flooring, outdoor space, and desirable location, the possibilities are exciting. Enjoy all that Gardiner and the surrounding Hudson Valley have to offer, with hiking, vineyards, wineries, distilleries, restaurants, and local attractions just minutes away. Conveniently located approximately 17 minutes from the NYS Thruway. Bring your vision and unlock the potential of this Gardiner gem! Whether you're an investor, owner-occupant, or looking for your next renovation project, this is an opportunity you won't want to miss.

1228 Albany Post Road, Gardiner

$1,599,000
6 Beds 3 Baths 1048630 MLS
Discover a premier investment or ultimate live-with-income residence in the heart of Elmhurst, Queens. Sited on a 25x100 lot, this detached multi-family property will be delivered 100% vacant at closing, allowing you to set premium market rents from day one. The building generates a proven gross annual rental income of $102,000, representing a solid 5.07% Capitalization Rate in a completely free-market, non-rent-stabilized environment. The property underwent a high-end architectural gut renovation in 2008, fully replacing all underlying infrastructure—including modernized electrical wiring, updated plumbing networks, and rich hardwood floors. Fully separate utility meters for the first and second floors drastically minimize landlord oversight and protect operating margins. Intelligent Multi-Level Layout: The home features a main secure entryway that opens into a private interior vestibule, providing dedicated, separate locked entrances to each of the three independent apartments: First Floor: Fully renovated 2-Bedroom (easily reverted to 3-BR) featuring a large living room, eat-in kitchen with brand new appliances, full bathroom, in-unit washer/dryer, and direct access to a paved, secure, gated backyard with an oversized awning. Second Floor: Independent, sun-drenched 3-Bedroom, 1-Bathroom apartment with a spacious living area, modern eat-in kitchen with a dishwasher, and dedicated brand new laundry washer/dryer. Finished Basement: Completely finished with an expansive open loft layout, featuring a legal full bathroom and a dedicated kitchen/bar area. Complete with a private entrance and electric stove, this versatile space is perfect for an owner's suite, guest quarters, home office, or auxiliary recreation. All basement utilities are included. Location & Amenities: - Parking: Secure shared driveway protected by a permanent easement, comfortably accommodating off-street parking for multiple vehicles. - Transit: Unbeatable commuter location just two blocks from Queens Boulevard. A seamless 20-minute commute to Manhattan via the Grand Ave–Newtown M/R subway station and Q29 bus line. - Lifestyle: Moments from Queens Center Mall, Target, Best Buy, Rego Park Shopping Center, and Elmhurst Hospital. - Education: Adjacent to the prestigious P.S. 102 Bayview (holding an elite 9/10 ranking). Gross Rental Income 102,000 Vacancy Loss (5,100) -------------------------------------------- Effective Gross Income 96,900 Property Taxes (7,145) Operating Expenses (9,238) -------------------------------------------- Total Expenses (16,383) ========================= Net Operating Income 80,517

85-25 56th Avenue, Elmhurst

$1,098,000
8 Beds 3 Baths 1048587 MLS
2693 Fulton Street offers a rare combination of commercial visibility, residential income potential, and private parking in one of Brooklyn’s busiest corridors. This semi-detached mixed-use property features a full street-level commercial space with prominent Fulton Street frontage, ideal for retail, professional services, or a neighborhood business. The property also includes two residential apartments, each offering a flexible 2–3 bedroom layout, full bath, generous living space, and the option to convert the dining room into an additional bedroom. Additional highlights include a full basement and a two-car garage—valuable amenities that are increasingly difficult to find in the area. Whether for an investor, owner-occupant, or multi-generational household, this property offers a versatile combination of commercial and residential use with excellent income potential. Located in East New York/Cypress Hills, the property is surrounded by local shops, parks, and community amenities, with exceptional transportation access. The A and C trains are available at Norwood Ave/Crescent St, while the J and Z trains are accessible at Cleveland St/Van Siclen Ave. Multiple bus lines, including the B20, B25, B26, B83, and Q24, are also nearby. Major roadways, including Atlantic Ave, Jamaica Ave, and the Jackie Robinson Parkway, are just minutes away. A strong opportunity to own a well-connected mixed-use property offering flexible residential layouts, commercial potential, and the rare convenience of on-site parking in a thriving Brooklyn neighborhood.

2693 Fulton Street, Brooklyn

$988,000
6 Beds 2 Baths 1046116 MLS
Fully Renovated Two-Family Home with Income-Producing Unit in East Flatbush! Welcome to 341 East 51st Street, a beautifully renovated two-family home offering an excellent combination of comfortable living and immediate rental income. The first-floor unit features 3 bedrooms and 1 full bathroom, including a spacious open-concept kitchen/living area and generously sized bedrooms. The second-floor unit also offers 3 bedrooms and 1 full bathroom and is currently tenant-occupied, generating $3,788 per month in rental income. The property also includes a full basement with recreation/storage space and a separate boiler area, providing valuable additional space. According to the provided floor plan, the first and second floors contain approximately 1,692 sq. ft. combined, with approximately 2,303 sq. ft. including the basement. All dimensions are approximate. With the first floor delivered vacant, this is an outstanding opportunity for an owner-occupant looking to offset their mortgage with rental income, or an investor seeking a renovated two-family property with an existing income stream. Annual real estate taxes are approximately $6,020. Conveniently located in East Flatbush between Linden Boulevard and Church Avenue, the property offers access to neighborhood shopping, supermarkets, restaurants and everyday services. Nearby transportation includes the B35 and B46 bus lines, with access to the 2, 3, 4 and 5 subway lines in the surrounding area. The area also offers convenient access to neighborhood parks, schools and shopping; the immediate area scores particularly well for access to groceries, shopping and park space.

341 East 51 Street, Brooklyn

$965,000
5 Beds 4 Baths 1046687 MLS
Rare Side-by-Side Legal 2-Family on a Picturesque Cul-de-Sac Discover a rare opportunity to own a legal two-family home in Glen Cove, ideally situated on a quiet cul-de-sac with exceptional curb appeal and beautifully maintained landscaping. The unique side-by-side, townhouse-style design features two separate two-story units, offering an ideal combination of privacy, space, and flexibility rarely found in a two-family property. The first unit features 3 bedrooms, 1.5 bathrooms, a finished basement, living room, dining room, and kitchen, providing a spacious and versatile layout with additional room for recreation, a home office, storage, or entertaining. The second unit offers 2 bedrooms, 1.5 bathrooms, a living room, dining room, and kitchen, creating a comfortable and well-proportioned living space of its own. The exceptional layout and townhouse-style configuration provide tremendous potential for an owner-occupant, extended family, or investor looking to create value over time. The location is equally appealing, with the Glen Street LIRR station just approximately half a mile away, making commuting convenient. The home is also just moments from Glen Cove’s vibrant downtown, offering an array of restaurants, cafés, shops, fitness studios, and everyday conveniences. Glen Cove residents can also enjoy access to the city’s beautiful parks, beaches, and recreational amenities. Outside, the property truly shines. The immaculate lawn and meticulously maintained landscaping create outstanding curb appeal and a warm, welcoming first impression. Tucked away on a peaceful cul-de-sac, this is a unique opportunity to own a versatile legal two-family home with an exceptional layout, desirable location, and plenty of potential to make it your own.

5 Conway Court, Glen Cove

$875,000
4 Beds 2 Baths 1048533 MLS
Versatile Split-Level Ranch with Flexible Living Space, Outdoor Areas & Single-Family Potential Conveniently located in the village and an array of attractions, this distinctive split-ranch-style home offers exceptional flexibility, generous space, and an opportunity to create a home tailored to your individual needs. With more than 2,400 square feet of living and storage space spanning four levels, the property is currently designated as a two-family home, yet its existing layout provides an excellent opportunity to restore it to a spacious single-family residence. The main portion of the home offers approximately 1,500 square feet of living space over two levels. The first level features a generously sized living room with a wood-burning stove, a formal dining room, and a welcoming eat-in kitchen with a convenient pass-through opening to the living room. Two separate screened porches provide wonderful spaces to relax, dine, or enjoy views of the backyard. Just six steps up, the bedroom level offers three nicely proportioned bedrooms, each filled with natural light, along with a full bathroom. The thoughtful split-level design creates comfortable separation between living and sleeping areas while maintaining an easy, connected flow throughout the home. The second living unit, with its own exterior entrance, encompasses approximately 1,000 square feet. It includes a comfortable living/dining area, a pleasant kitchen, and a bedroom with direct access the screened porch. Six steps down from this level is a substantial multi-purpose room, along with access to the laundry area, providing additional space for a home office, recreation room, studio, workshop, or storage. For those seeking a single-family home, the property offers an especially exciting opportunity. The existing interior stairwell provides a straightforward foundation for reconnecting the two portions of the home, allowing the residence to be renovated and reimagined as one cohesive property. Whether your vision is a traditional single-family home, a multigenerational residence, or a home with dedicated guest, office, or studio space, the existing footprint offers tremendous potential to customize the layout to suit your lifestyle. Outside, the fenced backyard is framed by lovely mature shade trees and offers open lawn areas ideal for outdoor enjoyment. Easy-care landscaping keeps maintenance manageable, while the screened porches extend the living space outdoors and create inviting spots to enjoy the changing seasons. A single-car garage adds valuable convenience and storage. With its generous square footage, flexible configuration, outdoor spaces, and proximity to the village and cultural destinations, this home offers a rare combination of location, space, versatility, and opportunity. Bring your vision and transform this unique property into a home that truly reflects the way you want to live.

1 Cramer Road, Rhinebeck

$1,199,000
6 Beds 4 Baths 1048760 MLS
Welcome home to 1321 Balcom Avenue, located in the desirable Pelham Bay section of the Bronx. This fully renovated multifamily townhouse offers modern finishes, strong curb appeal, and flexible living space throughout. The exterior features new front steps, custom iron railings, new windows, a new flat roof, and new solar panels. Inside, the main residence opens through a foyer into a bright open floor plan with new vinyl floors, recessed lighting, custom doors, and beautifully updated bathrooms with custom tile, stone floors, rain showers, and handheld massage shower fixtures. The new eat-in kitchen is designed with stainless steel appliances, white oak cabinetry, quartz countertops, and a waterfall-style design. The family room and den offer walkout access to the rear deck, backyard, slate patio, and storage sheds, creating a great indoor-outdoor setup for entertaining or everyday living. The second level features a large primary en-suite with a custom tiled bathroom, rain shower, handheld massage fixture, stone tile floor, and walkout access to a private second-floor balcony. This level also includes two guest bedrooms, a home office, laundry room, renovated hall bathroom, and new skylights that bring in plenty of natural sunlight. The first-floor rental apartment has also been fully updated and offers new floors, two bedrooms, an updated full bathroom, an updated kitchen with stainless steel appliances, plus front and rear access. Additional major upgrades include a new oil boiler, new Roth stainless steel above-ground oil tank, new radiators supplying steam heat throughout, two sump pumps, additional storage, and a new side entryway. Conveniently located close to major highways, public transportation, shopping, dining, and neighborhood conveniences. A beautifully updated Pelham Bay multifamily home and a must-see opportunity.

1321 Balcom Avenue Unit #1, Bronx

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.