Thomas Smith
BEDS5
BATHS2 full
MLS#997778
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLQueens 28
Property Description
Investor opportunity in the heart of South Richmond Hill! 10138 131st Street is a fully income-producing duplex offering strong cash flow, making it an excellent addition to an investment portfolio. This property presents an ideal setup for investors seeking immediate rental income with future upside potential.Configured as a legal 2-family residence, the first level features a spacious 2-bedroom, 1-bath layout, while the second level offers a generous 3-bedroom, 1-bath apartment. Both units provide practical layouts with well-proportioned living spaces and ample natural light throughout. The property includes 3 electric meters, offering convenience for separate utilities and streamlined management.The home has been maintained in good overall condition and offers strong long-term value in a desirable Queens location. Whether you are expanding your real estate portfolio or seeking a multi-unit income-producing property with solid returns, this is an opportunity not to be missed. Conveniently located near shopping, restaurants, schools, parks, major roadways, public transportation, and neighboring communities, providing tenants with easy access to everyday essentials and commuting options.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Baseboard, Natural Gas, Steam
Lot Size: 0.06 Acres
Taxes: $6,523
Year Built: 1920
Amenities
First Floor Bedroom
First Floor Full Bath
Feature Descriptions
Building Area Total: 1446
Exterior: Brick, Vinyl Siding
Flooring: Vinyl
Heating Units: 1
On Market Date: 2026-05-11
Parcel Number: 09498-0020
Parking Features: Driveway
Rental Term: Monthly
Separate Electric Meters: 3
Separate Gas Meters: 1
Sewer: Public Sewer
Units: 2
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public
Water: Public
Local Schools
High School: Queens High School For The Sciences At York Colle
Middle School: Jhs 157 Stephen A Halsey
Elementary School: Ps 55 Maure
School District: Queens 28
Estimate Your Payment
Estimated Payment
$ 5,886.45 per month $5,051.49 Principal & Interest $543.58 Property Tax $291.38 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Redfin Real Estate
Agency Contact: 631-337-8238
Shown By
Agent Name: Thomas Smith
Agent Phone: (516) 223-2525
Agency Title: Coldwell Banker American Homes
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10138 131st Street | MLS# 997778
This multi-family property located at 10138 131st Street , Richmond Hill, NY 11419 is currently listed for sale with an asking price of $999,000. 131st Street is located within the Queens 28 school district. Search Richmond Hill real estate on thomassmith.cbamhomes.com today.