Welcome to 1858 Wallace Ave, Bronx, NY 10462—a versatile and well-maintained two-family brick home located in the desirable Morris Park neighborhood. This property offers the perfect opportunity for both homeowners and investors looking to generate rental income or accommodate extended family.
The first-floor unit features two spacious bedrooms, one full bathroom, a comfortable living room, and a large eat-in kitchen. Upstairs, the second-floor unit offers three generously sized bedrooms, a full bathroom, a bright living area, and a separate kitchen and dining space—ideal for larger households.
The home also includes a full basement with high ceilings, offering excellent potential to be transformed into additional living or recreational space. Whether used as a bonus area, office, or storage, it provides a great opportunity to add value to the property.
Situated close to public transportation (2/5 subway lines), major highways, schools, shops, and restaurants, this home is conveniently located for everyday living. With strong rental demand in the area and great long-term upside, 1858 Wallace Ave is a smart investment in a growing Bronx neighborhood.
Listed by Carmen E. Fuentes
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Locqube New York, Inc.
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646-641-2630
Listed by Manuel Perez
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Locqube New York, Inc.
Last updated September 05, 2025
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Source: OneKey #891027
Listing Facts
TypeMulti-family
NeighborhoodVan Nest
Bedrooms5
Bathrooms2
Days on Prevu50
Taxes$6,564.2/year
Location
Mortgage Calculator
Listing History
07/18/2025
Listed by Locqube New York, Inc.
$1,175,000
Estimated Closing Costs
Total
$44,633
Attorney Fees
$4,000
NYC Mansion Tax
$11,750
Title Insurance
$5,288
Bank Attorney
$1,500
Mortgage Recording Tax
$18,095
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,175,000 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 1858 Wallace Avenue
Exterior
Construction
Number Of Units Total: 2
Year Built: 1899
Construction Materials: Brick
Measurements
Building Area Total: 3,113
Building Area Units: Square Feet
Lot Size Acres: 0.05
Lot Size Square Feet: 2,375
Financial
Taxes
Parcel Number: 04053-0029
Tax Annual Amount: $6,564.20
Tax Assessed Value: $47,280.00
Tax Year: 2024
Interior
Features
Interior Features: First Floor Full Bath, Original Details, Walk-In Closet(s)
Rooms
Basement: Full, Unfinished, Walk-Out Access
Has Basement: Yes
Bathrooms Full: 2
Bathrooms Total Integer: 2
Bedrooms Total: 5
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Oil
Sewer: Public Sewer
Utilities: Electricity Available, Natural Gas Available
Water Source: Public
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