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859 Penfield Street, 
Bronx, NY 10470

$925,000


5

Beds


4

Baths


2,020

Sq Ft


Multi-Family

Active

Listed by

Justin Simmons

Exit Realty Dkc

Last updated:

October 31, 2026, 03:11 PM

MLS#

1062333

Source:

OneKey MLS

About This Home

859 Penfield Street

WELCOME HOME to this rare package sale in the heart of Wakefield. 857 and 859 Penfield Street are two semi-detached brick 2-family homes on a single tax lot, so they must be sold together. The sale also includes 4709 Murdock Avenue, a separate lot with a 3-car garage. Both lots are zoned R4, giving a buyer 4 legal units, a garage, and room to grow in one purchase. Built in 1935, both Penfield buildings have classic brick and stone construction, hardwood floors, and good natural light throughout. Both are legal 2-family homes. 857 Penfield (electric stoves): 1st floor: 1-bedroom, tenant occupied, $1,350/month 2nd floor: Studio, vacant 859 Penfield (gas stoves): 1st floor: 2-bedroom, tenant occupied, $1,650/month 2nd floor: 2-bedroom, tenant occupied, $1,750/month Basement: half bathroom, bonus room, mechanicals, and a separate exit Attic: additional storage Current rents total $4,750 per month and are below market value, so a buyer has room to increase income over time. The 859 tenants are month-to-month, and the 857 lease runs through December 31, 2026, which gives a buyer flexibility. The vacant studio can be rented right away or used by an owner-occupant. Major updates are already done, including a renovated roof and a new gas boiler. Owner pays heat and hot water. All tenants pay their own electric, and 859 tenants have individual gas meters. The Penfield lot includes the yard space. There is no alternate side parking on the street. The 3-car garage sits on its own 2,375 sq ft lot on Murdock Avenue. It needs repair work, but it offers off-street parking, garage rental income, or future development potential. The property is minutes from the 2 and 5 trains, the Wakefield MetroNorth station, and the Bronx River Parkway, with easy access to Westchester, shopping, and parks. This is an ideal opportunity for investors looking for steady income with upside, or for buyers who want to own and live in a multi-unit property. Schedule your viewing today!

Home Facts

Multi-Family

4 Baths

5 Bedrooms

Built in 1935

Price Summary

925,000

$457 per Sq. Ft.

MLS #:

1062333

Last Updated:

October 31, 2026, 03:11 PM

Added:

17 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

4

Full Bathrooms:

4


Structure

Structure

Building Area:

2,020 Sq. Ft.

Year Built:

1935


Lot

Lot Size (Sq. Ft):

2,650


Finances & Disclosures

Finances

Price:

$925,000

Price per Sq. Ft:

$457 per Sq. Ft.

Source:OneKey MLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.