Turn-Key 2-Family Investment Opportunity in University Heights – Fully Renovated & Cash-Flowing
Welcome to 62 Buchanan Place, a beautifully renovated 2-family brick home with R7B zoning, located in the thriving University Heights section of the Bronx. This is a prime opportunity for both investors and end-users seeking strong rental income and future development potential.
The entire property has been fully renovated from top to bottom, featuring modern finishes, updated systems, and thoughtful layouts throughout.
Property Breakdown:
First Floor: A spacious 3-bedroom, 1-bath apartment with an open-concept layout currently operated as a daycare business. Tenant pays $3,600 cash, not on a lease, offering flexibility for new ownership.
Second Floor Duplex: A sleek and modern 4-bedroom, 1-bathroom duplex apartment featuring open-concept living/dining space and contemporary finishes. Section 8 HPD tenant in place, generating $3,800/month.
Ground Floor (Basement): A well-maintained 3-bedroom, 1-bathroom unit currently occupied by a cash-paying tenant at $2,600/month.
With a total monthly income of $10,000, this property is not only fully renovated but also fully occupied, making it an ideal turn-key investment. Zoned R7B, it also holds potential for future development or expansion.
Located close to public transportation, schools, parks, and major roadways, this property blends immediate cash flow with long-term upside.
Don’t miss out on this rare Bronx multi-family gem—schedule your private tour today!
For sale
$1,200,000
62 Buchanan Place, Bronx, NY 10453
10beds
3,000sqft
Duplex, Multi Family
Built in 1901
-- sqft lot
$-- Zestimate®
$400/sqft
$-- HOA
What's special
- 72 days
- on Zillow |
- 182 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: June 18, 2025 at 12:27pm
Listing by:
Keller Williams Realty Group 914-713-3270,
Jampa Nyandak 929-291-9133
Source: OneKey® MLS,MLS#: 876454

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard
Cooling
- Central Air
Features
- First Floor Bedroom, First Floor Full Bath, Open Floorplan
- Flooring: Hardwood, Vinyl
- Basement: Finished,Full,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Property
Lot
- Size: 2,442 Square Feet
Details
- Parcel number: 032080013
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: A-Frame
- Property subtype: Duplex, Multi Family
- Attached to another structure: Yes
Materials
- Advanced Framing Technique, Vinyl Siding
Condition
- Year built: 1901
Utilities & green energy
- Gas: Separate Gas Meters: 2
- Sewer: Public Sewer
- Water: Public
- Utilities for property: See Remarks
Community & HOA
Location
- Region: Bronx
Financial & listing details
- Price per square foot: $400/sqft
- Tax assessed value: $36,600
- Annual tax amount: $3,778
- Date on market: 6/11/2025
- Listing agreement: Exclusive Right To Sell
- Tenant pays: Electricity, Gas, Heat
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