318 Beach 42nd Street, Arverne, NY 11691

• 5 beds |
• 3 baths |
• 1,764 sqft

Property Description

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!

Listing Status:

Active

Listing Office:

D Network Realty Inc : 718-285-0722

MLS ID:

928447

Interior

• General: First Floor BedroomFirst Floor Full BathCeiling Fan(s)Eat-in KitchenIn-Law Floorplan
• A/C: None
• Heating: BaseboardHot Water

Exterior

• Style: Hi Ranch
• Parking: Driveway

Location

• Originating MLS: onekey2
• School District: Queens 27
• County: Queens

Lot

• Zoning: 15831-0015

Utilities

• Utilities: Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedTrash Collection Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2

This listing courtesy of D Network Realty Inc