$1,100,000
- 7 Beds
- 4 Baths
- 2,016 sqft
1038 E 224th Street, Bronx, NY 10466
Est. Mortgage $6,766/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1940
$546/sqft
Local Information
-- mins to
About this House
Prime 3-Family Cash-Flow Investment Opportunity in Wakefield
Positioned in the vibrant Bronx neighborhood of Wakefield, 1038 East 224th Street is a versatile 3-family property designed to maximize rental yields. Whether you are looking to expand your portfolio or live in one unit while collecting substantial rent from the others, this property delivers the ideal layout and location.
The home features three spacious units—a generous 4-bedroom unit, a comfortable 2-bedroom unit, and an efficient 1-bedroom unit—allowing for a diverse tenant base and minimized vacancy risk. The lower level includes a convenient walk-out unit, perfect for additional storage, recreational space, or utility access.
All units were fully renovated prior to renting.
Situated "close to all," residents enjoy easy access to local retail, public transportation (including nearby subway lines and bus routes), schools, and neighborhood parks—ensuring consistently high tenant demand.
Positioned in the vibrant Bronx neighborhood of Wakefield, 1038 East 224th Street is a versatile 3-family property designed to maximize rental yields. Whether you are looking to expand your portfolio or live in one unit while collecting substantial rent from the others, this property delivers the ideal layout and location.
The home features three spacious units—a generous 4-bedroom unit, a comfortable 2-bedroom unit, and an efficient 1-bedroom unit—allowing for a diverse tenant base and minimized vacancy risk. The lower level includes a convenient walk-out unit, perfect for additional storage, recreational space, or utility access.
All units were fully renovated prior to renting.
Situated "close to all," residents enjoy easy access to local retail, public transportation (including nearby subway lines and bus routes), schools, and neighborhood parks—ensuring consistently high tenant demand.
Last check for updates: about 11 hours ago
Listing by: EXIT Realty Private Client, (914) 222-1000
Jose J. Flores, (917) 353-8808
Source: OneKey® MLS as distributed by MLS GRID, MLS#1049290

Also Listed on EXIT Realty broker feed, OneKey® MLS as distributed by MLS GRID.
Home Details for 1038 E 224th Street
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Interior Details Basement: Partially Finished,See Remarks,Walk-Out Access |
Beds & Baths Number of Bedrooms: 7Number of Bathrooms: 4Number of Bathrooms (full): 4 |
Appliances & Utilities Utilities: Electricity Connected, Natural Gas Connected |
Heating & Cooling Heating: BaseboardNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Baseboard |
Gas & Electric Gas: Separate Gas Meters: 3Has Electric on Property |
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Parking & Garage No CarportNo GarageParking: None |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 386Days on Market: 12 |
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Year Built Year Built: 1940 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Triplex, Multi Family |
Building Construction Materials: BrickNot Attached Property |
Property Information Parcel Number: 048700055 |
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Price List Price: $1,100,000Price Per Sqft: $546 |
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MLS Status: Active |
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Direction & Address City: Bronx |
School Information Elementary School: Contact AgentJr High / Middle School: Call Listing AgentHigh School: Contact AgentHigh School District: Contact Agent |
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Listing Agent Listing ID: 1049290 |
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Building Area Building Area: 2016 Square Feet |
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Not Senior Community |
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Lot Area: 2736 sqft |
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Special Conditions: None |
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Listing Agreement Type: Exclusive Right To Sell |
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BasementMls Number: 1049290Attribution Contact: 914-222-1000Showing Requirements: 24 Hour Notice, Call Listing Agent |
Around this home
What Locals Say about Wakefield
At least 852 Trulia users voted on each feature.
91 % Say there are sidewalks
85 % Say it's walkable to grocery stores
74 % Say it's dog friendly
71 % Say it's walkable to restaurants
67 % Say streets are well-lit
65 % Say yards are well-kept
59 % Say there's holiday spirit
56 % Say kids play outside
52 % Say car is needed
49 % Say people would walk alone at night
45 % Say neighbors are friendly
45 % Say they plan to stay for at least 5 years
43 % Say it's quiet
40 % Say parking is easy
40 % Say there's wildlife
30 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in New York
Last updated August 2026
Avg. sale price
$818K
$21.67KMoM
Sale-to-List Price
98.1%
0.1%MoM
Price per sq ft
$704
$22MoM
Available listings
16526
1221MoM
Home Value
Trulia Estimate
$1.1MSince last month
Increased$16K (+1.5%)Since last year
Decreased$157K (-12.5%)Since last sale
Increased$323K (+41.4%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +110% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $1.1M |
| August 2026 | $1.09M |
| July 2026 | $1.09M |
| June 2026 | $1.19M |
| May 2026 | $1.22M |
| April 2026 | $1.24M |
| March 2026 | $1.25M |
| February 2026 | $1.26M |
| January 2026 | $1.27M |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.12 | Multi-Family Home | $850,000 | 03/12/26 | 7 | 3 | 2,508 | |
0.04 | Multi-Family Home | $1,180,000 | 04/15/26 | 7 | 5 | 3,387 | |
0.16 | Multi-Family Home | $825,000 | 09/18/26 | 6 | 3 | 3,100 | |
0.07 | Multi-Family Home | $850,000 | 05/05/26 | 5 | 2 | 2,760 | |
0.11 | Multi-Family Home | $950,000 | 03/10/26 | 4 | 3 | 2,600 | |
0.21 | Multi-Family Home | $855,000 | 04/27/26 | 5 | 2 | 2,016 | |
0.22 | Multi-Family Home | $1,165,000 | 05/29/26 | 6 | 3 | 2,560 | |
0.28 | Multi-Family Home | $770,000 | 11/17/25 | 5 | 3 | 1,912 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.07 | $850,000 | 5 | 2 | 2,760 | Recently Sold | |
0.04 | $1,010,600 | 7 | 3 | 3,387 | Off Market | |
0.04 | $1,180,000 | 7 | 5 | 3,387 | Recently Sold | |
0.07 | $878,900 | Studio | - | 3,666 | Foreclosure | |
0.11 | $602,200 | 3 | 2 | 2,000 | Off Market | |
0.11 | $1,179,000 | 8 | 3 | 2,304 | For Sale | |
0.10 | $670,000 | 3 | 1.5 | 1,539 | Off Market | |
0.11 | $951,900 | 6 | 2 | 2,300 | Off Market | |
0.08 | $915,000 | 6 | 3.5 | 2,125 | Off Market | |
0.08 | $885,400 | 6 | 3 | 2,125 | Off Market | |
0.11 | $950,000 | 4 | 3 | 2,600 | Recently Sold |
Price and Tax history
| Date | Event | Price |
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Sep 10, 2026 Source: OneKey® MLS as distributed by MLS GRID #1049290 | Listed For Sale | $1,100,000 |
Aug 14, 2026 Source: OneKey® MLS as distributed by MLS GRID #1019347 | ListingRemoved | $1,099,000 |
Jul 6, 2026 Source: OneKey® MLS as distributed by MLS GRID #1019347 | PriceChange | $1,099,000 Price decreased by 3% |
Jun 30, 2026 Source: OneKey® MLS as distributed by MLS GRID #1019347 | PriceChange | $1,138,000 Price decreased by 3% |
Jun 27, 2026 Source: OneKey® MLS as distributed by MLS GRID #1019347 | Listed For Sale | $1,178,000 |
Jun 27, 2026 Source: OneKey® MLS as distributed by MLS GRID #971933 | ListingRemoved | $1,178,000 |
Jun 23, 2026 Source: OneKey® MLS as distributed by MLS GRID #971933 | PriceChange | $1,178,000 Price decreased by 6% |
Mar 16, 2026 Source: OneKey® MLS as distributed by MLS GRID #971933 | Listed For Sale | $1,248,000 |
Mar 5, 2026 Source: OneKey® MLS as distributed by MLS GRID #887992 | ListingRemoved | $1,294,500 |
Jan 30, 2026 Source: OneKey® MLS as distributed by MLS GRID #887992 | PriceChange | $1,294,500 Price decreased by 0% |
Sep 15, 2025 Source: OneKey® MLS as distributed by MLS GRID #887992 | PriceChange | $1,298,500 Price decreased by 4% |
Aug 3, 2025 Source: OneKey® MLS as distributed by MLS GRID #887992 | PriceChange | $1,354,000 Price decreased by 3% |
Jul 11, 2025 Source: OneKey® MLS as distributed by MLS GRID #887992 | Listed For Sale | $1,399,000 |
Jun 16, 2022 Source: OneKey® MLS as distributed by MLS GRID #H6125283 | Sold | $780,000 |
Aug 19, 2021 Source: OneKey® MLS as distributed by MLS GRID #H6125283 | Pending | $839,000 |
Feb 1, 2020 Source: Agent Provided | ListingRemoved | $725,000 |
Nov 7, 2019 Source: Agent Provided | Listed For Sale | $725,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $7,450 | $829,000 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jose J. Flores, EXIT Realty Private Client, (914) 222-1000
Agent Phone: (917) 353-8808

Based on information submitted to the MLS GRID as of 2026-09-21 23:38:24 PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
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Frequently asked questions about 1038 E 224th Street
- What is the estimated monthly payment for 1038 E 224th Street?Based on a $1,100,000 list price with 20% down at today's rates, the estimated monthly payment for 1038 E 224th Street in Bronx, NY is approximately $6,899 (about $5,935 principal & interest, $889 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 1038 E 224th Street compare to homes in Bronx?1038 E 224th Street in Bronx, NY is listed at $1,100,000, about 34% above the $818K median sale price in Bronx.
- What do residents say about the Wakefield neighborhood?Residents describe the Wakefield neighborhood in Bronx, NY as pedestrian-friendly, walkable to grocery stores, and dog-friendly. See homes for sale in Wakefield, Bronx.
- What are the closest schools to 1038 E 224th Street?The closest schools to 1038 E 224th Street in Bronx, NY are Jhs 144 Michelangelo (Middle, rated 7/10), New World High School (rated 2/10), Pelham Gardens Middle School (rated 5/10).
1038 E 224th Street, Bronx, NY 10466 is a 7 bedroom, 4 bathroom, 2,016 sqft multi-family built in 1940. 1038 E 224th Street is located in Wakefield, Bronx. This property is currently available for sale and was listed by OneKey® MLS as distributed by MLS GRID on Sep 10, 2026. The MLS # for this home is MLS# 1049290.

