Excellent investment opportunity in the heart of Corona, Queens! This 2004-built, well-maintained 4-family property offers approximately 4,480 SF of total building area, with each floor approximately 1,120 SF, and strong, stable rental income.
The property consists of 4 residential units:
• 1 Two-Bedroom / 1 Bath unit
• 3 Three-Bedroom / 2 Bath units
Additionally, the basement is fully finished.
Total rental income is $11,200/month, approximately $134,400/year. All tenants are long-term, stable, and well-qualified.
Property comes with 5 years remaining on tax abatement, significantly reducing carrying costs. Current property tax is $150/month, or $1,800/year. Water expense is $1,350 every 3 months, and garbage expense is $200/month. Tenants pay their own electricity and gas; landlord is responsible for water, property tax, and garbage only, keeping operating expenses low.
Conveniently located just 5 minutes’ walk to the 7 Train station, offering easy access to Flushing and Manhattan. Close to shopping, schools, and neighborhood amenities.
This is a turnkey investment — sold with all tenants in place as a package deal, as-is. No vacancies. Ideal for investors seeking immediate cash flow and long-term appreciation.
A rare high-income-producing 4-family opportunity in Corona — don’t miss it!
139 days
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155
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5
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Zillow last checked:
Listing updated:
Listed by:
Chase Global Realty Corp718-355-8788,
Lei Qiu646-853-3095
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 965014
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 11
Bathrooms: 7
Full bathrooms: 7
Heating
Electric, Natural Gas
Cooling
Wall/Window Unit(s)
Features
First Floor Bedroom
Basement: Finished,Full,Walk-Out Access
Interior area
Total structure area: 4,480
Total interior livable area: 4,480 sqft
Property
Parking
Total spaces: 1
Parking features: Driveway, Garage
Garage spaces: 1
Has uncovered spaces: Yes
Lot
Size: 2,217 Square Feet
Dimensions: 22.17 x 100
Details
Parcel number: 017710027
Special conditions: None
Construction
Type & style
Home type: MultiFamily
Property subtype: Quadruplex, Multi Family
Materials
Brick
Condition
Year built: 2004
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Location
Region: Corona
Financial & listing details
Price per square foot: $399/sqft
Annual tax amount: $1,800
Date on market: 2/25/2026
Cumulative days on market: 140 days
Listing agreement: Exclusive Right To Sell
Electric utility on property: Yes
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
7/2/2026
Price change
$1,788,000-5.3%$399/sqft
Source: OneKey® MLS as distributed by MLS GRID #965014Report a problem
6/26/2026
Price change
$1,888,000+5.6%$421/sqft
Source: OneKey® MLS as distributed by MLS GRID #965014Report a problem
5/22/2026
Price change
$1,788,000-10.6%$399/sqft
Source: OneKey® MLS as distributed by MLS GRID #965014Report a problem
2/25/2026
Listed for sale
$1,999,999$446/sqft
Source: OneKey® MLS as distributed by MLS GRID #965014Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.