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$1,499,888
970905 MLS
Introducing a rare investment opportunity in the heart of South Richmond Hill — an all-brick, legal 3-family residence situated in one of Queens’ most dynamic and fast-appreciating neighborhoods. South Richmond Hill has been experiencing a surge in property development, with values steadily climbing and rental demand consistently outpacing supply. This property offers investors both immediate cash flow and long-term equity growth in a thriving market. The building spans approximately 2,500 sq ft and delivers a strong, reliable rent roll of over $11,000 per month (annual gross income of roughly $132,000). Each of the three floors features a minimum of 4 bedrooms and 2 bathrooms, along with spacious living areas and kitchens, making them highly attractive for long-term tenants. Adding to the value, the basement is fully finished with its own private entrance, providing excellent flexibility for storage, recreation, or additional income potential. Stability is already in place: the current tenants have occupied the property for over a decade, all pay on time, and receipts are available for verification. This ensures an investor steps into a turnkey scenario with zero downtime or tenant concerns. Brick construction keeps maintenance costs low, while the presence of a private garage — rare for the area — plus an additional outdoor parking space, further enhances the property’s appeal and functionality. Location is unbeatable. The home is just minutes from major highways, multiple public transportation options including trains, and an array of local shopping, dining, and community amenities. South Richmond Hill is a lively, diverse neighborhood that continues to attract professionals seeking quality housing. Demand for rental units here remains exceptionally strong, giving an investor confidence in consistent occupancy and income. This is not just another multifamily — it is a prime cash-flowing asset with stable tenants, minimal upkeep, and significant appreciation upside. Whether you are a seasoned investor looking to expand your portfolio with a dependable earner, or a first-time buyer seeking a property that pays for itself, 94-40 121st Street offers the ideal combination of income, stability, and growth in one of Queens’ most promising investment corridors.

9440 121st Street, Richmond Hill S.

$999,999
3 Beds 3 Baths 971511 MLS
Welcome to 103-12 113th Street, nestled in the heart of vibrant South Richmond Hill. A well-maintained, fully occupied two-family home that blends reliable income with long-term potential. Currently generating $7,500 per month, this property offers immediate cash flow and built-in stability, with Unit 1 leased through December and Unit 2 through October. Whether you're an investor seeking dependable returns or a future owner-occupant planning ahead, this home presents a wonderful opportunity with flexibility for the years to come. Inside, the home features separate mechanical systems, providing added efficiency and ease of management for both units. Step outside and you’ll find a private backyard, a welcoming space perfect for relaxing evenings, weekend gatherings, or simply enjoying a quiet moment outdoors. The private driveway adds everyday convenience an invaluable feature in Queens. The functional basement offers additional space ideal for storage, recreation, or future possibilities. Ideally located near shopping, restaurants, and major transportation, this home places you right in the center of a lively and convenient neighborhood. Combining strong income potential with the warmth of a well-connected community, 103-12 113th Street is not just a smart investment; it’s a property you can truly feel confident and proud to own.

103-12 113th Street, Richmond Hill S.

$998,000
3 Beds 3 Baths 975055 MLS
Great opportunity to own a two-family home in the heart of the sought-after Richmond Hill South neighborhood! This attached brick townhouse offers incredible potential for both homeowners and investors alike. Featuring two spacious apartments, this property provides the perfect setup for generating rental income to help offset your mortgage. The home also includes a full basement with two separate entrances, offering endless possibilities for storage, recreation, or future customization. A private backyard provides outdoor space ideal for entertaining or relaxing, while the attached garage and long driveway offer convenient parking for multiple vehicles. With solid structure and great bones, this home is ready for your personal touch and updates, making it a true value-add opportunity. Conveniently located near shopping, restaurants, grocery stores, public transportation, and major highways, this is a rare chance to create and capitalize on a high-income producing property in a prime location!

10130 121st Street, Richmond Hill S.

$900,000
4 Beds 3 Baths 1006891 MLS
Rare legal 2-family home in the heart of South Richmond Hill! Whether you're looking for a place to call home, a multi-generational living setup, or an investment property with strong income potential, this well-maintained residence offers exceptional flexibility and value. The home features 4 bedrooms, 3 full bathrooms, a fully finished basement with a private entrance, and a private garage. The versatile layout provides multiple options for owner-occupants and investors alike, with excellent potential for rental income with proper permits and long-term appreciation. Located in one of Queens' most convenient neighborhoods, you'll enjoy nearby public transportation, grocery stores, shopping, schools, parks, and a diverse selection of local restaurants. JFK International Airport, Resorts World Casino, the Belt Parkway, and the Van Wyck Expressway are all easily accessible, making commuting and travel a breeze. Well cared for and move-in ready, this is a rare chance to secure a legal two-family property in a high-demand area with strong potential.

10327 109th Street, Richmond Hill S.

$899,000
1005332 MLS
Welcome to this unique and versatile colonial-style home situated on an oversized corner lot in the heart of Richmond Hill South Queens. Also known as 124-20 94th Avenue, this legal 2-family property offers flexibility for end users or investors alike. This well-maintained home features a detached 2-car garage and an exceptional location directly across from the park, while remaining conveniently close to shopping, major highways, and public transportation. The first floor offers a comfortable layout with a bright living room, kitchen, full bathroom, one bedroom, and an enclosed sunroom currently used as a potential second bedroom or flexible living space. The second floor features another full bathroom, kitchen currently being used as a bedroom, living room currently used as a bedroom, and an additional bedroom — providing multiple possibilities for customization and use. The unfinished basement includes a large open room, laundry area, and gas boiler room, offering excellent storage and future potential. The attic is open and currently used for additional storage space. With its oversized corner property, flexible layout, detached garage, and prime location, this home presents a rare opportunity with endless potential.

94-02 125th Street, Richmond Hill S.

$799,999
3 Beds 1 Baths 918899 MLS
This well-maintained home offers a large living room and a formal dining room, ideal for entertaining. The eat-in kitchen features a charming breakfast nook, a spacious pantry, and a separate mudroom with an additional outside entrance directly from the kitchen. The open basement provides excellent flexibility and includes two separate rooms, ample storage space, and an additional exterior entrance, making it perfect for storage, recreation, or future customization. The property boasts a spacious backyard with a patio, a storage shed for supplies, and a private driveway accommodating up to three vehicles. Additional highlights include three bedrooms, one full bathroom, and a pull-down attic for extra storage. Conveniently located just blocks from the Van Wyck Expressway and minutes from Sybil’s Restaurant on Liberty Avenue, offering easy access to transportation, dining, and local amenities!

13305 107th Avenue, Richmond Hill S.

$799,000
3 Beds 2 Baths 997758 MLS
Welcome to South Richmond Hill — this detached two-family home at 107-17 126th Street offers exceptional space, versatility, and value. Perfect for both investors and end-users, this property features a spacious layout with a full finished basement, providing additional living or recreational space to suit your needs. The first floor includes a comfortable bedroom, full kitchen, and full bathroom, ideal for extended family or flexible living arrangements. Upstairs, enjoy added comfort and outdoor relaxation with a private balcony on the top floor. Situated on a quiet residential block with convenient access to shopping, transportation, schools, and local amenities, this is an outstanding opportunity to own a detached multi-family home in one of Queens’ most convenient neighborhoods. Please Note: Property is an Estate sale being sold 100% AS-IS. While physically configured as a 2-family home, an open 20-year-old conversion permit remains unfinalized without a Certificate of Occupancy; buyers must conduct their own due diligence.

107-17 126 Street, Richmond Hill S.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . 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.