746 E 215th St 5 Unit Apartment Building Offered at $1,250,000 at a 10.24% Cap Rate Bronx, NY 10467

746 E 215th Street is a rare, fully detached 4-family property offering scale, flexibility, and serious upside in a strong R6A zoning district in the Bronx.
Set on an expansive 27' x 125' lot, the property features a 20' x 68' building with a private front driveway and garage—an increasingly scarce amenity that immediately boosts both tenant appeal and long-term value. The building’s detached configuration provides excellent light, air, and privacy across all units, enhancing livability and rental demand.
A standout feature is the fully above-grade ground floor that is legal commercial space and spans the entire footprint of the building, complete with windows and natural light throughout. This space offers strong potential for a variety of uses, including commercial, live/work setup, or additional income-producing configuration (subject to approvals). With strong R6-A zoning, the property offers approximately 10,125 buildable square feet. With only about 2,700 square feet currently built, there are roughly 7,400 square feet of additional development potential.
The property’s layout and structure support stable multifamily ownership with clear upside through repositioning, rent optimization, or adaptive use of the lower level. Whether held as a long-term income asset or upgraded for higher-end tenancy, the fundamentals are solid: detached construction, parking, zoning depth, and usable square footage in a growing residential corridor.
A true value-add opportunity where location, zoning, and physical layout combine to create multiple paths to increase income and long-term equity.