Welcome to 1241 College Ave, Bronx, NY 10456 — an exceptional investment opportunity offering strong income potential. This solid brick property features three residential units and a ground-floor storefront, along with a full unfinished basement that provides excellent storage space or potential for future customization.
The building includes two spacious two-bedroom, one-bath apartments and one one-bedroom, one-bath apartment, all with comfortable layouts and great rental appeal. The storefront adds an additional income source or can be used for your own business. With a projected total rental income of approximately $10,000 per month and an estimated 10–11% CAP rate, this property offers impressive returns and reliable cash flow.
Whether you’re an investor looking for a high-yield opportunity or a buyer interested in living in one unit while your tenants cover most of the mortgage, 1241 College Ave offers flexibility and long-term value. Conveniently located near major transportation, schools, shopping, and local amenities, this property provides both convenience and potential in one of the Bronx’s most active neighborhoods.
Don’t miss your chance to own this income-generating property in a prime Bronx location. Contact Emran Bhuiyan at Emran Estates Realty for more details or to schedule a private showing.
Listed by Emran H. Bhuiyan
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Emran Estates Realty
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347-261-7671
Last updated November 20, 2025
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Source: OneKey #933219
Listing Facts
TypeMulti-family
NeighborhoodConcourse
Bedrooms5
Bathrooms4
Days on Prevu32
Taxes$3,374.28/year
Amenities
Parking
Location
Mortgage Calculator
Listing History
11/10/2025
Status changed to Active
$835,000
11/10/2025
Listed by Emran Estates Realty
$835,000
Estimated Closing Costs
Total
$26,117
Attorney Fees
$4,000
Title Insurance
$3,758
Bank Attorney
$1,500
Mortgage Recording Tax
$12,859
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $835,000 and a 20% downpayment. These estimates are for indicative purposes only. Actual closing costs may vary for each transaction. See the Closing Costs Calculator for calculations specific to your situation.
Property Details for 1241 College Avenue
Exterior
Construction
Number Of Units Total: 3
Property Attached: Yes
Year Built: 1905
Architectural Style: Mini Estate
Construction Materials: Brick
Measurements
Building Area Total: 2,492
Building Area Units: Square Feet
Lot Size Acres: 0.03
Lot Size Square Feet: 1,700
Financial
Taxes
Parcel Number: 02439-0068
Tax Annual Amount: $3,374.28
Tax Assessed Value: $52,980.00
Tax Year: 2024
Interior
Features
Interior Features: First Floor Bedroom, First Floor Full Bath
Rooms
Basement: Full, Partially Finished
Has Basement: Yes
Bathrooms Full: 4
Bathrooms Total Integer: 4
Bedrooms Total: 5
Parking
Parking
Parking Features: Off Street
Schools
Elementary School
Elementary School: Ps 53 Basheer Quisim
Elementary School District: Bronx 9
High School
High School: Dreamyard Preparatory School
High School District: Bronx 9
Middle or Junior School
Middle Or Junior School: Jhs 22 Jordan L Mott
Middle Or Junior School District: Bronx 9
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Radiant
Sewer: Public Sewer
Utilities: Electricity Available, Natural Gas Available
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 5 bedrooms and 4 bathrooms in this multi-family home at 1241 College Avenue.
What schools are nearby to 1241 College Avenue?
Nearby schools include the Ps 53 Basheer Quisim Elementary School, Jhs 22 Jordan L Mott Middle School, and Dreamyard Preparatory School High School.
What are the annual taxes for 1241 College Avenue?
Annual taxes for this multi-family home are estimated at $3,374.
How does 1241 College Avenue compare to other multi-family homes in Concourse?
This multi-family home is listed 25% below the average price for multi-family homes in Concourse and has been on the market for 133 less days than the typical home in this area.
1241 College Avenue is a 5-bedroom, 4-bath multi-family home for sale in Bronx NY 10456. Listed on Prevu for 32 days at $835,000. This residence is located in Concourse. The median listing price for multi-family homes in this area is $849,000. Nearby schools include Ps 53 Basheer Quisim Elementary School, Jhs 22 Jordan L Mott Middle School, and Dreamyard Preparatory School High School. Property amenities include parking. View other multi-family home listings in Bronx.
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