Investor opportunity in the heart of South Richmond Hill! 10138 131st Street is a fully income-producing duplex offering strong cash flow, making it an excellent addition to an investment portfolio. This property presents an ideal setup for investors seeking immediate rental income with future upside potential.
Configured as a legal 2-family residence, the first level features a spacious 2-bedroom, 1-bath layout, while the second level offers a generous 3-bedroom, 1-bath apartment. Both units provide practical layouts with well-proportioned living spaces and ample natural light throughout. The property includes 3 electric meters, offering convenience for separate utilities and streamlined management.
The home has been maintained in good overall condition and offers strong long-term value in a desirable Queens location. Whether you are expanding your real estate portfolio or seeking a multi-unit income-producing property with solid returns, this is an opportunity not to be missed. Conveniently located near shopping, restaurants, schools, parks, major roadways, public transportation, and neighboring communities, providing tenants with easy access to everyday essentials and commuting options.
Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public
SEWER
Public Sewer
WATER SOURCE
Public
Year Built
1920
Parking Features
Driveway
CITY
Richmond Hill S.
COUNTY
Queens
STATE
NY
SENIOR COMMUNITY
No
TAX AMOUNT
6523.2
LATEST UPDATE
2026-05-31T15:23:31.430Z
DAYS ON MARKET
20
PRICE CHANGE(S)
$999,000 May 11, 2026
CUMULATIVE DAYS ON MARKET
20
Property Details
Property TypeResidential Income
StatusActive
Bedrooms5
Bathrooms (Full)2
Property Sub TypeDuplex
MLS #997778
FlooringVinyl
HeatingBaseboard, Natural Gas, Steam
CoolingWall/Window Unit(s)
Utility FeaturesElectricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public
SEWERPublic Sewer
WATER SOURCEPublic
Year Built1920
Parking FeaturesDriveway
CITYRichmond Hill S.
COUNTYQueens
STATENY
SENIOR COMMUNITYNo
TAX AMOUNT6523.2
LATEST UPDATE2026-05-31T15:23:31.430Z
DAYS ON MARKET20
PRICE CHANGE(S)
$999,000 May 11, 2026
CUMULATIVE DAYS ON MARKET20
Market Trends
New Properties On Market
20
18%
Increase In New Listings
Average Asking Price
$766,944
$32,333 Increase In Avg Asking Price
Average Asking Price / Sq. Ft.
$661
$131 Increase In List Price/Sq. Ft.
Average Days On Market
6
21 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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