#881667, Listing office: Realty Executives Today
Property details
About 5834 Catalpa Ave
For Sale: 58-34 & 58-36 Catalpa Avenue – Mixed-Use Investment Property with Strong Upside. Both Building Together priced at $3,175,000. An excellent opportunity to acquire two mixed-use buildings situated on a single lot in a desirable location. Located at 5834 and 5836 Catalpa Avenue, this property features a total of four residential units and a commercial space currently operated as a funeral home. Each building offers three stories plus a fully finished basement, maximizing usable space and income potential. Property Overview: Lot includes two attached buildings Each building has: Three stories + full finished basement Ground Floor & Basement: Combined commercial use (Funeral Home – approx. 2,200 sq ft) Second Floor: Two 3-bedroom, 1-bath apartments (one per building) Third Floor: Two additional 3-bedroom, 1-bath apartments (one per building) Basement: Finished and utilized as part of the funeral home Current Income: Commercial Tenant (Funeral Home):$6,000/month Lease expires January 2026 Residential Units:Three units rented with a total of $5,550/month One unit currently vacant Total Current Income: $11,550/month Potential Rental Income: Commercial Space (Funeral Home): Estimated market rent: $8,000/month Four 3-Bedroom Apartments: Estimated total market rent: $13,200/month (~$3,300/month per unit) Total Potential Income: $21,200/month This property offers immediate income with significant upside through leasing the vacant unit and adjusting below-market rents upon turnover. Ideal for investors seeking a value-add opportunity with stable tenancy and flexible future use.
Highlights
Home typeTriplex
HeatingNatural Gas, Other
StatusActive
CoolingWall/Window Unit(s)
BasementYes
Year built1925
MLS #880094
Summary
- Full Bathrooms: 4
- Basement: Yes
- Interior: Other
- Total Bedroom Count: 6
- Private Pool: No
- Exterior: Back Fence
- Architectural Style: Other
- Heating: Natural Gas, Other
- Cooling: Wall/Window Unit(s)
- List Price: $1,587,500
- Directions: GPS
- Year Built: 1925
- MLS Number: 880094
- MLS Name: ONEKEY2
- Office Name: Realty Executives Today
- Office Phone: (718) 274-2400
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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Last updated on: 7/30/2025, 10:41:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
5
P.S. 239 Queens
Public District KG-5
0.2 mi
•1715 Weirfield St
5
P.S. 88 Seneca School
Public District PK-5
0.3 mi
•6085 Catalpa Ave
4
P.S. 68 Cambridge
Public District PK-5
0.4 mi
•5909 Saint Felix Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $54,360. Typical income of Ridgewood, NY residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
38%
<35k
47%
35k-100k
13%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
9%
Single, with Kids
22%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
27%
18-34 yrs old
43%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
H&M
Foot Locker
Burlington
Where do the neighbors go to eat?
Popeyes
Boston Market
Little Caesars
What do the neighbors drive?
Nissan
Honda
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5834 Catalpa Ave
The listing price of 5834 Catalpa Ave property is $1,587,500.
The property 5834 Catalpa Ave is a multi located in Ridgewood, New York, 11385.
Active Listing: 5834 Catalpa Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5834 Catalpa Ave are: P.S. 239 Queens (GreatSchools Rating 5/10), P.S. 88 Seneca School (GreatSchools Rating 5/10), P.S. 68 Cambridge (GreatSchools Rating 4/10), I.S. 77 School (GreatSchools Rating 2/10), I.S. 93 Ridgewood (GreatSchools Rating 5/10), Bushwick Ascend Charter School (GreatSchools Rating 7/10), Brooklyn School for Social Justice (The) (GreatSchools Rating 2/10), Academy for Excellence in Leadership (GreatSchools Rating 2/10), Academy of Urban Planning and Engineering (The) (GreatSchools Rating 5/10).
The year of construction for 5834 Catalpa Ave is 1925.
This home is located at 5834 Catalpa Ave in Ridgewood, NY and zip code 11385 in the Ridgewood neighborhood. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 24, 2025 and is currently priced at $1,587,500.
Over 232 listings were sold over their listed price in June 2025 in Ridgewood, NY. In the same period over 715 listings were sold below the listed price and 1007 listings were sold for the listed price. The inventory of homes for sale in Ridgewood, NY between May and June 2025 decreased by 4.3%. Listings spent 99 days on the market in June 2025, and had a median list price of $881,252 during the same period.
From Rocket Homes Real Estate and based on county public records data.