751 E 224TH Street #ALL
MLS® #RLS20057518
Listing by Douglas Elliman Real Estate
9
Bedrooms
7
Baths
—
Sq. Ft.
1930
Year Built
Quick Summary
Property Highlights
- Style: WalkUp architecture
- Character: Pre-war building (1930)
Property Details
Description
The Lennon Team presents an attractive value-add investment opportunity in the northern Bronx: this 7-unit building, situated at 751 E 224th St in the Wakefield, Bronx neighborhood, offers strong income potential with a nearly 100-year-old structure and favorable positioning for long-term investors.
Key facts:
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7 residential units in total.
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3 stories, built in 1930.
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Approximate building area: 4,800 sq ft.
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Lot size: approx. 2,860 sq ft.
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Zoning R4; building class C1 (Walk-up apartments over six families, no stores).
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Located within ZIP code 10466, Bronx Community District 12.
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Multi-Unit Format with Scale - At 7 units, the building offers scale beyond a typical small investor duplex or triplex, enabling better amortization of operating expenses and management overhead.
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Value-Add Opportunity - Built in 1930, this property likely presents opportunities for modernization (interiors, appliances, finishes), thereby increasing rental premiums and overall NOI.
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Northern Bronx Location - The Wakefield neighborhood of the Bronx offers access to NYC transit and a relatively lower entry cost compared to Manhattan, Brooklyn or more prominent Bronx sub-markets.
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Zoning and Conversion Flexibility - R4 zoning supports multi-unit usage; potential exists (subject to approvals) for repositioning amenities, enhancing curb appeal, or optimizing unit layouts.
Features & Amenities
Interior Features
Exterior Features
Building Information
Financial Details
About Wakefield
View All Wakefield ListingsWakefield provides a rising environment for those seeking space and value within New York City. The area is known for its expansive atmosphere and a real estate market that features a blend of rising cooperatives and traditional multi-family residences.
Wakefield Live Market Data
View NeighborhoodActive Listings
5
Median Asking Price
$785K
Median $/Sqft
$435
Avg Days on Market
N/A
New This Week
0
Price Reduced
20%
Sold (30 Days)
3
Median Sale Price
$770K
Live data from RLS at REBNY • Updated 2/16/26, 12:04 PM EST
Similar Listings in Wakefield
View AllLocation
751 E 224TH Street #ALL, Wakefield, Bronx County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
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Listing Courtesy of Douglas Elliman Real Estate - Robin J Lennon
Listing Contact: (917) 202-8996
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Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 5:04 PM UTC