Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mount Vernon Three-Unit Investment Property Title is generated by Realmo AI

    124 S 11th Avenue, Mount Vernon, NY 10550

    View on Map
    Claim this Listing
    For Sale
    $690,000

    MULTI_FAMILY - Other - Mount Vernon, NY

    Lot size:
    0.08 Acres
    Added:
    May 4, 2026
    Days on Market:
    33
    Last Refresh:
    Jun 5 at 9:06 pm

    Property Features for 124 S 11th Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 4, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Basement, Bedroom 5, Bathroom 3, Bedroom 4
    Parking
    2
    Parking features
    Driveway
    Interior features
    Entrance Foyer
    Fencing
    Perimeter
    Basement
    Partially Finished
    Standard status
    Active
    APN
    0800-165-077-03021-000-0012
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12966

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Baseboard, Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1910
    Number of units
    3
    Flooring type
    Combination
    Architectural style
    Other

    We can help!

    Listing Contact
    Chintan Trivedi
    Chintan Trivedi

    Listing agent Chintan Trivedi License #10311203986

    Listing office RE/MAX In The City 5776 Mosholu Ave, BRONX, NY

    Listing date May 4, 2026

    MLS# 992569 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Three‑unit property with two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit
    • Independent heating systems and hot water tanks for each apartment
    • Utilities paid by tenants: four electric meters (including house meter) and three gas meters
    • Private driveway with parking for two vehicles
    • Public water and public sewer
    • Built in 1910

    Overview

    This well-maintained three-unit property is located in the heart of Mount Vernon. The property at 124 S 11th Ave features two 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit. Designed for easy management, the home boasts independent heating systems and hot water tanks for every apartment. There are four electric meters (including a house meter) and three gas meters, allowing tenants to pay their own utilities. The property also includes a private driveway with parking for two vehicles. The lot size is 0.08 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Westchester
    State
    New York
    Longitude
    -73.842656
    Latitude
    40.906736

    Nearby Similar for Sale

    • $949,000
      4,200 SF

      Pre-War Brick Two-Family Home

      Rare brick two-family with commuter access in Mount Vernon, NY.
      578 E 3rd Street, Mount Vernon, NY 10553
      View Details
    • $1,800,000
      5,000 SF

      Versatile Commercial Asset Near Train

      5,000 SF multi-use commercial asset across from Fleetwood Train Station.
      699 N Macquesten Pkwy, Mount Vernon, NY 10552
      View Details
    • $3,200,000

      Corner Commercial Property For Sale

      Rare corner commercial property with six storefronts and parking.
      200 W 1st Street, Mount Vernon, NY 10550
      View Details
    • $599,900

      Three-Unit Colonial Residential Income

      Spacious 3-family colonial sold AS-IS with water damage, mold, and vacant units—suited for renovation-focused buyers.
      149 Beechwood Avenue, Mount Vernon, NY 10553
      View Details
    • $949,000

      Updated Two-Family Home, Mount Vernon

      Renovated two-family home in Mount Vernon, convenient location.
      106 Hillside Avenue, Mount Vernon, NY 10553
      View Details
    • $1,049,000

      Mount Vernon Commercial Building For Sale

      Commercial building in Mount Vernon's light industrial district.
      317 E 3rd Street, Mount Vernon, NY 10553
      View Details
    • $865,000

      Elevate Bar & Lounge Opportunity

      Bar and lounge in prime location near transportation and shopping.
      130 E 1st Street, Mount Vernon, NY 10550
      View Details
    • $699,999
      1,750 SF

      Mount Vernon Multi-Family A-Frame

      Legal two-family property in Mount Vernon, an investor's dream.
      13 Beach St, Mount Vernon, NY 10550
      View Details
    • $899,999

      Updated Multi-Family Investment Opportunity

      Recently updated multi-family property with strong cash-flow potential.
      50 S 7th Avenue, Mount Vernon, NY 10550
      View Details
    • $795,000
      10,019 SF

      Mount Vernon Redevelopment Opportunity

      Redevelopment opportunity in Mount Vernon, 10,019 SF building.
      208 N 5th Ave, Mount Vernon, NY 10550
      View Details
    • $1,099,000

      Mediterranean Duplex in Fleetwood

      Charming Mediterranean duplex with income potential in Fleetwood.
      35 E Birch Street, Mount Vernon, NY 10552
      View Details
    • $1,224,000

      Two-Family Home with Private Entrances

      Newly built two-unit residence in Mount Vernon offering separate entry apartments and attached indoor parking.
      320 E 4th Street, Mount Vernon, NY 10553
      View Details

    FAQs

    What type of property is this?
    Triplex - Well-maintained three-unit property with income potential in Mount Vernon.
    Where is this triplex located?
    The property is located at 124 S 11th Avenue Mount Vernon, NY.
    What is the asking price?
    The asking price for this property is $690,000.
    What are key features of this property?
    This property features: Three‑unit property with two 2‑bedroom/1‑bath units and one 1‑bedroom/1‑bath unit; Independent heating systems and hot water tanks for each apartment; Utilities paid by tenants: four electric meters (including house meter) and three gas meters
    (917) 637-0161
    We can help!
    Listing Contact
    Chintan Trivedi
    Chintan Trivedi
    Real Estate License ID: 10311203986
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    124 S 11th Avenue, Mount Vernon, NY 10550
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!