Exceptional fully updated 2-family home in the heart of Fresh Meadows, ideally located near parks, transportation, shopping, and dining.
Perfect for end-users seeking rental income or investors looking for a turnkey opportunity. Renovated just two years ago, this property features modern kitchens, updated bathrooms, and a fully finished basement with a laundry room. The first-floor unit offers access to the finished basement and includes a spacious living room, formal dining area, and an updated kitchen with direct access to the driveway and private backyard. Two generously sized bedrooms and a full bathroom complete the layout.
The second-floor unit mirrors the first, offering a well-designed layout with a large living room, dining area, updated kitchen, two spacious bedrooms, and a beautifully renovated bathroom.
The property is fully occupied by reliable tenants, making it an excellent income-producing asset.
Located just two blocks from Cunningham Park, a 358-acre green space featuring sports fields, trails, and recreational areas. Conveniently situated near Union Turnpike and Francis Lewis Blvd, with easy access to multiple bus lines, the Long Island Expressway, and the Grand Central Parkway. Close to schools, shopping, and restaurants.
Listed by Gregory R. Schmidt
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Mark International R E Corp
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718-987-4500
Last updated May 17, 2026
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Source: OneKey #994495
Listing Facts
TypeMulti-family
NeighborhoodFresh Meadows
Bedrooms4
Bathrooms3
Days on Prevu41
Taxes$11,373.72/year
Amenities
Parking
Location
Mortgage Calculator
Listing History
05/05/2026
Listed by Mark International R E Corp
$1,588,888
Estimated Closing Costs
Total
$57,006
Attorney Fees
$4,000
NYC Mansion Tax
$15,888
Title Insurance
$7,150
Bank Attorney
$1,500
Mortgage Recording Tax
$24,468
Other Closing Costs
$4,000
Estimated closing costs are based on the list price of $1,588,888 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 7345 197th Street
Exterior
Construction
Number Of Units Total: 2
Property Attached: Yes
Property Condition: Updated/Remodeled
Year Built: 1955
Architectural Style: Colonial
Construction Materials: Brick
Measurements
Building Area Total: 1,848
Building Area Units: Square Feet
Lot Size Acres: 0.07
Lot Size Square Feet: 3,089
Financial
Taxes
Parcel Number: 07185-0062
Tax Annual Amount: $11,373.72
Tax Assessed Value: $73,800.00
Tax Year: 2025
Interior
Features
Interior Features: First Floor Bedroom, First Floor Full Bath
Rooms
Basement: Finished, Full
Has Basement: Yes
Bathrooms Full: 3
Bathrooms Total Integer: 3
Bedrooms Total: 4
Other
Location
Tax Block: 7185
Tax Lot: 62
Parking
Parking
Parking Features: Driveway
Schools
Elementary School
Elementary School: Ps 26 Rufus King
Elementary School District: Queens 26
High School
High School: Francis Lewis High School
High School District: Queens 26
Middle or Junior School
Middle Or Junior School: Jhs 216 George J Ryan
Middle Or Junior School District: Queens 26
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Sewer: Public Sewer
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 4 bedrooms and 3 bathrooms in this multi-family home at 7345 197th Street.
What schools are nearby to 7345 197th Street?
Nearby schools include the Ps 26 Rufus King Elementary School, Jhs 216 George J Ryan Middle School, and Francis Lewis High School.
What are the annual taxes for 7345 197th Street?
Annual taxes for this multi-family home are estimated at $11,373.
How does 7345 197th Street compare to other multi-family homes in Fresh Meadows?
This multi-family home is listed 9% below the average price for multi-family homes in Fresh Meadows and has been on the market for 12 less days than the typical home in this area.
7345 197th Street is a 4-bedroom, 3-bath multi-family home for sale in Fresh Meadows NY 11366. On Prevu for 41 days at $1,588,888. This property is located in Fresh Meadows. The median listing price for multi-family homes in this area is $1,059,000. Nearby schools include Ps 26 Rufus King Elementary School, Jhs 216 George J Ryan Middle School, and Francis Lewis High School. Property amenities include parking. View other multi-family home listings in Queens.
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