2302 Beaumont Ave 13 Unit Apartment Building $1,800,000 ($138,462/Unit) 10.60% Cap Rate Bronx, NY 10458

2302 Beaumont Avenue presents the opportunity to acquire a 13-unit multifamily asset in the Belmont neighborhood of the Bronx. The four-story walk-up building contains 13 apartments across a well-established residential corridor positioned between East 183rd Street and East 187th Street. Constructed in 1931, the property occupies a sizable lot and benefits from a location surrounded by neighborhood retail, dining establishments, and everyday services that support consistent residential demand.
The property's Belmont location places residents within close proximity to public transportation, including nearby subway service, providing convenient access throughout the Bronx and the greater New York City metropolitan area. The surrounding area is characterized by a mix of residential and commercial uses that contribute to the neighborhood's long-standing appeal and active street presence.
From an investment perspective, the asset offers in-place residential income generated by 13 apartment units and benefits from an established operating history. The building's existing residential configuration, substantial apartment count, and favorable location within one of the Bronx's recognized residential neighborhoods create an opportunity for investors seeking multifamily exposure in New York City. The property's zoning and built FAR metrics may also warrant further review by prospective purchasers evaluating long-term ownership strategies.