5 Beds
3 Baths
3,267 Sqft Lot
5 Beds
3 Baths
3,267 Sqft Lot
Open House
Sun Oct 26, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 928447
Style Hi Ranch
Bedrooms 5
Full Baths 3
Rental Info No
Year Built 1940
Annual Tax Amount $3,929
Lot Size 3,267 Sqft
Acres 0.075
Property Sub-Type Duplex
Source onekey2
Property Description
This home gives you options! Offering rental income, future equity, and a stake in a rapidly growing beachside community. 318 Beach is perfect for the 1st time buyer & long term Investor looking for a lower cost of entry with long term returns in equity & passive income all while enjoying the laid back energy of beach a lifestyle.
Welcome to this well-kept legal two-family, 5-bedroom, 3-bath Hi-ranch, located just blocks from the beach in the heart of Far Rockaway, Queens. This spacious home offers the warmth of classic design combined with the convenience of multi-level living.
Step inside to find a bright and inviting living room glowing with natural light throughout the day, and a cozy layout perfect for relaxing or entertaining. The eat-in kitchen features plenty of cabinet space, tiled countertops, and full-sized appliances — ready for your personal touch or modern update.
Upstairs, you'll find comfortable bedrooms and a full bath, while the lower level provides excellent flexibility — featuring a separate apartment ideal for rental income or extended family. The additional 1 bedroom unit helps offset monthly expenses, making this both a comfortable home and a smart investment. Plus, there's room to easily convert the space to a 2 bedroom unit for stronger rental income.
Outside, the property features a large driveway with ample parking, a covered front porch, and a fenced yard area perfect for gatherings or gardening.
Located near public transportation, schools, shops, and just minutes from the boardwalk and Rockaway Beach, this home combines coastal living with NYC convenience — especially with Manhattan just a ferry ride away. How can you beat it?
Whether you're looking for a long-term home near the beach or an income-producing property, 318 Beach 42nd Street delivers comfort, value, and potential. Take a tour today!
Location
State NY
County Queens
Interior
Interior Features First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Eat-in Kitchen, In-Law Floorplan
Heating Baseboard, Hot Water
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public
Waterfront Description Beach Access
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Ps 43
Middle Schools Channel View School For Research
High Schools Queens 27
School District Queens 27
Others
Senior Community No
Special Listing Condition Probate Listing
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