318 Beach 42nd Street
Arverne, NY, 11691 $ 649,999
Bedrooms5 Baths3.0 Sq 1,764 Monthly Estimate*
$ 4,055
for $649,999 with 5 bedrooms and 3 full baths. This 1,764 square foot home was built in 1940 on a lot size of 0.075.
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!
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FeaturesInteriorInterior Amenities First Floor Bedroom First Floor Full Bath Ceiling Fan(s) Eat-in Kitchen In-Law Floorplan
Basement (Y/N) N
Total Bedrooms 5
Total Baths 3
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GeneralSewer Public Sewer
Heating Baseboard Hot Water
Cooling None
Utilities Cable Connected Electricity Connected Natural Gas Connected Phone Available Sewer Connected Trash Collection Public
Architectural Style Hi Ranch
Construction Materials Frame
Year Built 1940
Tenant Pays Electricity Gas
Property Subtype Duplex
Tax Year 2024
Parcel Number 15831-0015
Waterfront Features Beach Access
County Queens
Property Type Residential Income
Garage Y/N N
Full Baths 3
High School Channel View School For Research
City New York
Senior Community Y/N N
High School District Queens 27
Number Of Units Total 2
Carport Y/N N
Elementary School Ps 43
Property Attached Y/N Y
Tax Annual Amount 3929.04
Middle/Junior High School Channel View School For Research
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Queens 27
Elementary School District Queens 27
Tax Assessed Value 35880
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ExteriorParking Features Driveway Driveway
Water Source Public
Building Area Total 1764
Waterfront Y/N N
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* Excluded FeaturesList ByDavid A. Garth CBRListing Agent
D Network Realty IncBroker
Affordability Calculator
- Monthly Principal & Interest
- $4,055
- Monthly Property Taxes
- $327
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Arverne, NY
Average List Price $935,389
Percent of Sale Price 44%
About Arverne, NY 20,397 Population
24% Since 2002
$ 45,232 Median Income
34.62 Median Age
36% Households with Children
Trends Information provided by ATTOM Data Solutions.
4100309 Elementary School
4098724 Middle School
Channel View School For Research High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/24/2025 | $649,999 | | Listed Price |