318 Beach 42nd Street, Far Rockaway, NY 11691
Local realty services provided by:ERA Top Service Realty
318 Beach 42nd Street,Arverne, NY 11691
$649,999
- 5 Beds
- 3 Baths
- 1,764 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sun, Oct 2601:00 pm - 03:00 pm
Listed by:david a. garth cbr
Office:d network realty inc
MLS#:928447
Source:OneKey MLS
Price summary
- Price:$649,999
- Price per sq. ft.:$368.48
About this home
Investors are buying the Rockaways! Why aren’t you?
This home gives you options! 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!
Contact an agent
Home facts
- Year built:1940
- Listing ID #:928447
- Added:1 day(s) ago
- Updated:October 26, 2025 at 07:40 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Living area:1,764 sq. ft.
Heating and cooling
- Heating:Baseboard, Hot Water
Structure and exterior
- Year built:1940
- Building area:1,764 sq. ft.
- Lot area:0.08 Acres
Schools
- High school:Channel View School For Research
- Middle school:Channel View School For Research
- Elementary school:Ps 43
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$649,999
- Price per sq. ft.:$368.48
- Tax amount:$3,929 (2024)
New listings near 318 Beach 42nd Street
- New
$829,000Active6 beds 4 baths2,844 sq. ft.134 Beach 27th Street, Far Rockaway, NY 11691
MLS# 928500Listed by: LYNX REALTY INC - Open Sun, 12 to 1:30pmNew
$598,888Active3 beds 2 baths1,800 sq. ft.21 Van Brunt Road, Broad Channel, NY 11693
MLS# 927803Listed by: VORO LLC - New
$1,500,000Active4 beds 4 baths12&14 W 5th Road, Broad Channel, NY 11693
MLS# 927398Listed by: CENTURY 21 AMIABLE RLTY GRP II - New
$399,900Active4 beds 1 baths648 sq. ft.38 Marvin Street, Far Rockaway, NY 11691
MLS# 926434Listed by: ISLAND ADVANTAGE REALTY LLC - New
$1,300,000Active5 beds 4 baths3,000 sq. ft.168 Beach 96th Street, Rockaway Beach, NY 11693
MLS# 926632Listed by: PRIME REALTY - Open Sun, 2 to 4pmNew
$650,000Active3 beds 2 baths1,139 sq. ft.12-67 Waterview Street, Bayswater, NY 11691
MLS# 927617Listed by: EXP REALTY - New
$799,000Active6 beds 4 baths2,120 sq. ft.1125 Gipson Street, Far Rockaway, NY 11691
MLS# 927400Listed by: WEISSMAN REALTY GROUP LLC - New
$900,000Active-- beds 4 baths2,073 sq. ft.1120 Beach Channel Drive, Far Rockaway, NY 11691
MLS# 926501Listed by: ROCKAWAY PROPERTIES - New
$500,000Active3 beds 1 baths871 sq. ft.22 W 10th Road, Broad Channel, NY 11693
MLS# 926895Listed by: BRAITHWAITE REALTY LLC