#874901, Listing office: Henry Djonbalaj Real Estate
Property details
About This Home
Incredible Investment Opportunity – Legal 3-Family Home with Massive Income Potential! Perfect for first-time home buyers looking to live and earn, or investors ready to build wealth through real estate! This legal three-family property offers flexible living arrangements and strong cash flow potential. The layout includes: First Floor: A spacious 4-bedroom, 2-bathroom apartment – ideal for an owner’s unit or high rental income. Second Floor: Two well-maintained 2-bedroom, 1-bathroom apartments, each with solid rental history. Bonus features: Full semi-finished basement with its own private entrance and exit – perfect for storage, a workshop, or future expansion. Private driveway fits up to 4 cars. Large backyard and side yard – ideal for outdoor entertaining or future development. A huge shed currently used as a metal shop plus three attached storage units, fully rented out at $325/month. Separate boilers for each unit – tenants pay all utilities. The only owner expense? Just $20/month for hallway lighting! Current rental income: $3,000/month for the 4BR/2BA unit $2,250/month for each 2BR/1BA unit (These rents are below market – plenty of upside potential!) Whether you’re looking to house hack, live in one unit and rent the others, or add a cash-flowing property to your portfolio, this versatile home checks all the boxes. Delivered vacant or occupied – the choice is yours. Don’t miss out on this rare opportunity to own a true income-generating Asset.
Highlights
Summary
- Full Bathrooms: 4
- Basement: Yes
- Flooring Type: Hardwood, Laminate
- Interior: First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Galley Type Kitchen, Pantry, Washer/Dryer Hookup
- Total Bedroom Count: 8
- Private Pool: No
- Architectural Style: Other
- Heating: Steam
- Cooling: None
- List Price: $1,100,000
- Year Built: 1918
- MLS Number: 895962
- MLS Name: ONEKEY2
- Office Name: Shaw Properties
- Office Phone: (914) 377-2371
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Price information
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Nearby schools
5
School 21
Public Magnet PK-6
0.2 mi
•100 Lee Ave
9
P.S. 81 Robert J. Christen School
Public District KG-6
1.3 mi
•5550 Riverdale Ave
3
P.S. 16 Wakefield School
Public District KG-5
1.4 mi
•4550 Carpenter 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 $105,357. Residents of Yonkers, NY typically earn between $100k-200k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
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Frequently asked questions
Living in Yonkers, NY
Yonkers is well-connected through a network of public transportation options, including buses that serve the city and its surrounding areas. The city's train stations provide convenient access to New York City, making it a popular choice for commuters. While certain areas of Yonkers are more pedestrian-friendly, the city is continuously working to improve walkability and bikeability. Major highways and thoroughfares facilitate travel by car, and ride-sharing services are readily available for residents and visitors.
The city is served by a robust educational system, including a range of public and private schools that cater to various educational needs. Yonkers also boasts several healthcare facilities, offering residents access to comprehensive medical services. The public library system in Yonkers is well-established, providing educational and cultural resources to the community. Retail and dining options are plentiful, with an emphasis on local businesses that contribute to the city's unique character.
Yonkers is a city with a rich cultural tapestry, known for its vibrant arts scene and community events that reflect the area's diversity. The city prides itself on its waterfront district, which has become a hub of entertainment and dining, and its numerous parks and green spaces that offer residents a respite from the urban environment. Seasonal festivals and public art installations are common, fostering a strong sense of community among residents.
Yonkers offers a diverse array of housing options, with single-family homes making up a significant portion of the market. These homes showcase a mix of architectural styles, from classic Victorian to contemporary designs. Multi-family dwellings, including apartments and condominiums, provide alternatives for those seeking a more urban living experience. The housing stock is varied, with many properties dating back to the early 20th century, while newer developments offer modern amenities.
About this property
Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 31, 2025 and is currently priced at $1,100,000.
Yonkers, NY housing market in June 2025 saw over 42 listings sold above listed price, more than 11 sold at listed price and over 27 sold below. The number of listings in Yonkers, NY decreased by 12.2% between May and June 2025. While the average time on the market in June 2025 was 48 days, the median list price was $505,000.