Exceptional Investment Opportunity - Legal 4-Family Property with Two Separate Buildings Rare opportunity to own a legal 4-family property consisting of two separate buildings, offering flexible use, strong rental income, and significant owner-occupant potential. Property Configuration Left Building 2-bedroom residence, currently rented for $2,600/monthCan be used as a 3-bedroomSeparate building provides the flexibility to use as a single-family residence (SFH) Right Building Studio: $2,000/month2-bedroom apartment - 2nd Floor: $2,050/month2-bedroom apartment - Rear: $2,050/monthFinancial HighlightsCurrent Gross Rental Income: $8,700/monthCurrent Gross Annual Income: $104,400 Property Taxes: $22,714/yearCurrent rents are below market, providing potential for future rental growthTwo-building configuration provides exceptional flexibility for investors and owner-occupantsProperty HighlightsLegal 4-family propertyTwo separate buildingsOne building can function as a standalone single-family residenceFlexible layouts with rental upsideStrong current rental income, and tenants pay all their own utilities.Attractive owner-occupant opportunity: live in one building while generating rental income from the otherExcellent opportunity for investors seeking both current cash flow and future rent growth
| MLS # | 1056039 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1914 |
| Days On Site | 25 |
| Listing Provided By | Realmart Realty LLC | Shuai Zheng |
| Bed(s) | 9 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 2,946 |
| Units | 4 |
| Acreage | 0.23 |
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard |
| Interior Features | First Floor Bedroom, First Floor Full Bath |
| Construction Materials | Aluminum Siding |
|---|
| Garage Yes / No | No |
|---|---|
| Parking Features | Off Street, On Street |
| Utilities | Cable Available, Electricity Available, Natural Gas Available |
|---|---|
| Sewer | Public Sewer |
| Tax Year | 2026 |
|---|---|
| Tax Assessed Value | 775700 |
| Tax Annual Amount | 22714 |
| State | NY |
|---|---|
| County | Westchester County |
| City | Ossining |
| Zip Code | 10562 |
| School District | Ossining High School |
| Elementary School | Claremont School |
| High School | Ossining High School |
| Listing VS Median (in 10562) | |
Price: $1,099,000 low | high Med: $489,000 sqft: 2,946 low | high Med: 1,100 $ / sqft: $373 low | high Med: $445 On site: 25 low | high Med: 11 | |
| State | NY |
|---|---|
| County | Westchester County |
| City | Ossining |
| Zip Code | 10562 |
| School District | Ossining High School |
| Elementary School | Claremont School |
| High School | Ossining High School |
| Listing VS Median (in 10562) | |
Price: $1,099,000 low | high Med: $489,000 sqft: 2,946 low | high Med: 1,100 $ / sqft: $373 low | high Med: $445 On site: 25 low | high Med: 11 | |