$890,000
Updated a year ago
Sold

1961 Wallace Ave

Van Nest, Bronx | Rhinelander Ave & Bronxdale Ave

9 Rooms4 Beds3 Baths2,112 Square FeetMulti-Family

$890,000
floors / apts3 / 2
Lot Size25'x95'
Built Size22'x48'
ZoneR5
Building TypeHouse
RE Taxes$6,120
Price Per SF
$421

This property was sold for $890,000 on 05/06/25.

Outdoor space and views

  • Backyard

Building Amenities

  • Laundry Room

Property Description for 1961 Wallace Ave

Introducing the perfect multi-family investment opportunity offering 3,216 sq. ft. of finished space. The finished walkout basement is 1,032 sq. ft. With 4 bedrooms and 3 bathrooms, this residence provides ample room for versatile living! Enjoy the elegance of hardwood floors and recessed lighting throughout. The kitchen features essential appliances, including a dishwasher, gas stove, and refrigerator. Step outside to a charming deck and back yard, ideal for relaxation and entertaining. The finished walkout basement has a guest room/office, recreational room, full bathroom, and summer kitchen making it your ideal entertainment area. The backyard is accessible from the 1st floor unit or the basement. Additional notes: 1 storage shed, efficient baseboard heating, wall units for cooling, and the convenience of a washer and dryer. Street parking is available for added accessibility. There are 3 electric meters, 2 gas meters, 2 boilers, and 2 hot water heaters. Seize the opportunity to own this terrific investment home!

Listing History for 1961 Wallace Ave

Now
05/06/2025
$890,000
Sold and Closed by Lorena Espaillat
Compass
03/12/2025
Contract Signed by Lorena Espaillat
Compass

Building Details for 1961 Wallace Ave

OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1905
Floors/Apts3/2
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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 99607TH