5427 Arnold Ave Flushing, NY 11378
Maspeth NeighborhoodEstimated payment $9,299/month
About This Home
Rare Sunny 6-Family Corner Property in Maspeth – $110K Income!
5 Units Rented + 1 Vacant | Backyard, Partially Finished Basement & 2-Car Driveway Exceptional opportunity to own a 6-family, income-producing property in Maspeth, Queens—one of the most desirable and stable rental markets in the borough. Known for its low-density character and strong tenant demand, Maspeth is primarily composed of 1–4 family homes, making a property of this size a rare find. This sunny, 3-story corner building offers excellent natural light throughout and strong long-term investment value. The property is currently generating approximately $110,000 in annual income, with 5 rent-stabilized apartments at legal rents, ensuring consistent and reliable cash flow. The 6th unit is owner-occupied and will be delivered vacant at closing—perfect for an end-user or for increasing rental income. Key Features:
6 total units (5 rented, 1 delivered vacant)
Strong, stable income with upside potential
Rare building size for Maspeth
Sunny corner property with great natural light exposure
Full basement (partially finished) – ideal for storage or additional use
Private backyard Fenced private driveway – parking for 2 cars (very limited in the area) Conveniently located near major highways, shopping, and local amenities, making it attractive to both tenants and investors. Perfect for investors seeking steady returns or buyers looking to live in one unit while generating income from the rest.
Listing Agent
BLT Minimax Realty Inc Brokerage Phone: 718-609-0800 License #10401294828 Listed on: 04/25/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,215
Year Built
- Built in 1915
Lot Details
- 2,500 Sq Ft Lot
- Back Yard Fenced
Home Design
- Triplex
- Brick Exterior Construction
- Vinyl Siding
Interior Spaces
- Open Floorplan
- Partially Finished Basement
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Ceramic Tile
- Vinyl
Parking
- 2 Parking Spaces
- Private Parking
Utilities
- No Cooling
- Heating System Uses Natural Gas
- Cable TV Available
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 02638-0036
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $12,335 | $106,577 | $29,011 | $77,566 |
| 2025 | $12,337 | $98,683 | $32,220 | $66,463 |
| 2024 | $12,337 | $98,682 | $38,664 | $60,018 |
| 2023 | $11,945 | $95,547 | $42,446 | $53,101 |
| 2022 | $10,830 | $201,600 | $107,550 | $94,050 |
| 2021 | $10,057 | $161,100 | $107,550 | $53,550 |
| 2020 | $9,468 | $198,000 | $107,550 | $90,450 |
| 2019 | $9,574 | $247,320 | $107,550 | $139,770 |
| 2018 | $9,348 | $73,498 | $25,569 | $47,929 |
| 2017 | $8,661 | $68,092 | $26,291 | $41,801 |
| 2016 | $8,130 | $68,092 | $26,291 | $41,801 |
| 2015 | $5,277 | $58,392 | $27,046 | $31,346 |
| 2014 | $5,277 | $58,392 | $25,328 | $33,064 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/25/2026 04/25/26 | For Sale | $1,530,000 | -- | $371 / Sq Ft |
Source: OneKey® MLS
MLS Number: 990773
APN: 02638-0036
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