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    28 Greenwood Ave Portchester, NY 10573

    Sponsored
    For Sale
    $1,325,000

    MULTI_FAMILY - Port Chester, NY

    Lot size:
    0.13 Acres
    Days on Market:
    46
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 28 Greenwood Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    4801-142-000-00054-002-0020-0000000
    Parking
    8
    Parking features
    Off Street, Garage
    Basement
    Full, Storage Space, Walk-Out Access, Finished
    Appliances
    Electric Range, Refrigerator
    Lot size
    0.13 Acres

    Utilities

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

    Building Details

    Year built
    1915
    Floors in Building
    3
    Number of units
    5
    Flooring type
    Hardwood
    Building materials
    Brick, Stone, Stucco

    Keller Williams NY Realty (914) 437-6100 [email protected]

    Listing agent Christine Ricci (914) 403-0179

    Listing date Nov 21, 2025

    Copyright © 2025 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.

    Overview

    Legal 5-Family Investment Opportunity

    This legal 5-family home presents a rare investment opportunity, available for the first time in over three decades. The property offers value-add potential with ample parking, a garage, and the possibility of developing a laundry room and storage in the lower level to increase revenue. The building comprises three one-bedroom apartments, one two-bedroom apartment, and one studio apartment, each equipped with separate electrical meters, classic hardwood floors, high ceilings, and appealing character. Situated on a quiet and peaceful street, the property provides convenient access to major shopping destinations, including Costco and Whole Foods, as well as various restaurants. Transportation options are readily available, including the New Haven train line and major highways. All units are currently rented below market value, and the property is being sold as is. This property is suitable for savvy investors, 1031 exchange buyers, and those interested in living in one unit while generating rental income. All tenants are currently on month-to-month leases. The projected rent rolls over $150,000. The lot size is 0.1324 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Portchester
    County
    Westchester
    State
    New York
    Longitude
    -73.6641881
    Latitude
    40.9925065

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    FAQs

    What type of property is this?
    Apartment building - Legal 5-family home with value-add potential in Port Chester.
    Where is this apartment building located?
    The property is located at 28 Greenwood Ave Portchester, NY.
    What is the asking price?
    The asking price for this property is $1,325,000.
    What are key features of this property?
    This property features: - Legal 5-family home with value-add potential.; - Projected rent rolls over $150,000.; - Opportunity to increase revenue with laundry room and storage development.
    (914) 403-0179
    Request Owner's contact information
    28 Greenwood Ave Portchester, NY 10573
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    Portchester, NY 10573
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    Realmo Value Estimation

    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.

    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.

    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
    28 Greenwood Ave Portchester, NY 10573
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