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314 S 5th Street Mount Vernon, NY 10550

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For Sale
$1,499,999

MULTI_FAMILY - Mount Vernon, NY

Added:
Apr 18, 2026
Days on Market:
6
Last Refresh:
Apr 23 at 2:06 am

Property Features for 314 S 5th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
4
Rooms
Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 6, Bedroom 7, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 4, Basement
Parking features
Parking Lot
Interior features
First Floor Bedroom, First Floor Full Bath
Basement
Finished
Standard status
Active

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
21000

Utilities

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

Building Details

Year built
1960
Number of units
3
Building materials
Foam Insulation, Stucco

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Listing Contact
Jaswinder Rehal

Listing agent Jaswinder Rehal

Listing office eXp Realty 104 West 40th Street, 4th Fl, Hauppauge, NY

Listing date Apr 18, 2026

MLS# 987284 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.


Overview

Mixed-Use Property in Mount Vernon

This mixed-use property in Mount Vernon, NY, presents an opportunity to own a fully rented building generating approximately $8,800 per month. The property includes residential apartment(s), rented parking spaces, and a garage that generates an additional $950 per month. Three recently vacated parking spaces offer further upside at $125 per month each. Situated on two lots, the property offers potential for future development, expansion, or added value, subject to buyer verification with the township. The building has been well-maintained with numerous updates, including an updated basement and exterior, a new tankless water heater, and renovated apartment interiors featuring modern kitchens and updated flooring throughout. This property is suitable for investors seeking a turnkey property with reliable cash flow and long-term upside.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Parking lots & garages

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
-73.835292
Latitude
40.903453

FAQs

What type of property is this?
Mixed-use property - Fully rented mixed-use property with income and development potential.
Where is this mixed-use property located?
The property is located at 314 S 5th Street Mount Vernon, NY.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Strong Income‑Producing Property: Generates approximately $8,800/month.; Value‑Add Potential: Three recently vacated parking spaces offer immediate upside.; Future Development Opportunity: Situated on two lots, allowing for potential expansion. Buyer to verify.
More about this property
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