79-20 Kneeland Avenue, Elmhurst, NY 11373 (MLS # 989759)

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View Virtual Tour PRICE $1,900,000 BEDS 7 BATHS 5 HOME SIZE 4,400 sqft LOT SIZE 2,396 sqft Request More Info Schedule a Showing

Elmhurst Queens 3-Unit Multi-Family - Legal 2-Family with Accessory Unit, Garage & Backyard Welcome to this well-maintained brick 3-unit property in Elmhurst, Queens, offering approximately 4,400 sq ft of living space and exceptional flexibility for both investors and end-users. Configured as a legal 2-family with an accessory unit (C/O in place), this home delivers strong income potential in one of Queens' most in-demand neighborhoods. Property Highlights: Building Size: 21' x 55' Approx. 4,400 Sq Ft Interior 3-unit layout (legal 2-family + accessory unit) Gas heating system Roof, boiler, and hot water heater updated within the last 3 years Private garage + backyard Multiple balconies for added outdoor space Layout Overview: First Floor: Garage + 1-bedroom, 1-bathroom unit (3 rooms) Second Floor: Spacious 3-bedroom, 1.5-bathroom unit with balcony (6 rooms) - Delivered vacant at closing Third Floor: 3-bedroom, 1.5-bathroom unit with balcony (6 rooms) Finished Basement: Additional living space featuring laundry room, 1 bedroom, and 1.5 bathrooms Rental Income & Value-Add Opportunity: 1st Floor: $2,000/month (month-to-month) 3rd Floor: $3,300/month (month-to-month) 2nd Floor: Vacant - ideal for owner-occupancy or market-rate rental to maximize cash flow This is a standout opportunity for buyers searching for an Elmhurst multi-family home, Queens income property, or a 3-unit investment property in NYC. Live in one unit while generating income from the others, or fully lease for strong long-term returns. Prime Elmhurst Location: Conveniently located near shopping, restaurants, schools, and public transportation, with easy access to subways, buses, and major highways, making commuting throughout Queens, Manhattan, and NYC seamless. Elmhurst continues to be a high-demand rental market, making this a smart and strategic investment.