Investment Property Realty Group (IPRG) is pleased to present the exclusive offering of 479 Woodward Avenue in Ridgewood, Queens.
This well-located 4-unit multifamily property offers a steady income with significant value-add potential. The building consists of four spacious units, with one unit currently vacant—ideal for owner-occupancy or for renovating to increase to market rent.
The remaining three units are occupied on month-to-month leases, providing flexibility for rent adjustments or future renovations. This setup presents a clear path to reposition the asset and enhance overall cash flow.
Whether you’re looking to renovate and raise rents or hold for long-term appreciation, this property offers strong fundamentals and built-in upside.
The property is located within walking distance from the L and M subway lines.