Description

Central Harlem | 3-Family Townhouse

This elegant three-family townhouse in Central Harlem offers over a 4% cap rate—a rare opportunity to own a fully leased, 100% free-market property with strong income and long-term growth potential. It can also be reimagined as a beautiful single-family home.

With 3,552 sq ft of interior space (including an 888 sq ft finished basement with a half bath), the residence features soaring ceilings, expansive rooms, and individual central AC controls for each unit.

Set on a charming tree-lined street, the property combines old-world Harlem character with modern convenience. Just moments from the 2/3 and A/B/C trains and multiple bus lines (M1, M2, M7, M102), it offers effortless access to Midtown and beyond. Located in a rapidly appreciating pocket of Harlem, it represents both stability and upside for investors and end-users alike.

Behind its stately 1910 façade and welcoming front stoop, the triplex offers three spacious bedrooms, two bathrooms, and an open kitchen that flows seamlessly to a sun-filled dining area and private garden—perfect for entertaining or quiet reflection. A full-size washer/dryer and abundant storage complete the home.

The newly finished basement includes a half bath and is currently configured as an art studio, easily adaptable to a home office or recreation room. Updated mechanicals and a separate utility room add function and peace of mind.

Beyond the property itself, this neighborhood tells a story of culture, community, and momentum. Around the corner are Harlem’s celebrated landmarks—the Schomburg Center, local theaters, and galleries—alongside everyday conveniences and Harlem’s vibrant culinary scene. Enjoy destinations like Red Rooster, Renaissance Harlem, Ponty Bistro, Maison Harlem, and Lido, each reflecting the spirit of Harlem’s creative renaissance.

This townhouse embodies the best of historic charm, income potential, and modern Harlem living—a smart, soulful investment. Listing courtesy of Compass ...
More