Updated Duplex in Pelham
For Sale
$899,999
Pending
57 7th St, Pelham, NY 10803
Charming, updated duplex in Pelham, convenient to amenities.
Property Size2,452 SF
Lot Size0.15 Acres
Days on Market313
Property Features for 57 7th St
General Information
Standard status
Pending
Size
2,452 SF
Lot size
0.15 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$21,307
Building Details
Building Size
2,452 SF
Year Built
1955
Units
2
Listed By:
Joseph Armato Sr.
(914) 960-4577
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 3
Last Checked: Oct 5 at 6:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Joseph Armato Sr.
Investment Insights
Based on property information with market context.
Located in the Village of Pelham, 57 7th Ave is a duplex that has been updated. The property is suitable for homeowners or investors seeking an income-producing asset. Each unit features modern upgrades, including renovated kitchens and baths, and ample natural light. The home has been updated while preserving its original character and curb appeal. This duplex is ideal for multi-generational living, rental income, or living in one unit while leasing the other. The property is located blocks from the Pelham Metro-North station, schools, parks, shopping, and dining.
Key Highlights
- Prime Location: Walkable to Pelham Metro‑North station, schools, parks, shopping, and dining.
- Income‑Producing Potential: Turn‑key duplex ideal for rental income.
- Updated Interiors: Features renovated kitchens and baths.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,760
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,200
$955.2K
Cap Rate 7%
$682,286
$682.3K
Cap Rate 9%
$530,667
$530.7K
Market Conditions
NOI Build-Up for 2,452 SF
Gross rent
$73.0K $29.76/SF
− Vacancy
−$4.7K −$1.93/SF
EGI
$68.2K $27.83/SF
− OpEx
−$20.5K −$8.35/SF
NOI
$47.8K $19.48/SF
Area
Westchester County, NY
Vacancy
6.50%
Lease Rate
$29.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,200
Cap Rate 7%
$682,286
Cap Rate 9%
$530,667
Alternative Uses
Best Use
Multifamily LT 5
$682.3K
$597.0K – $796.0K
NOI $47,760 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$600.8K
$525.7K – $700.9K
NOI $42,056 @ 7.0% cap · market cap 4.67%
Theoretical Best
Retail
$740.7K
$648.1K – $864.1K
NOI $51,846 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
897
Businesses Nearby
Explore this area
Business Placement
Demographics for 10803, NY
13,255
Population
4,360
Households
3
Avg Household Size
40
Median Age
74%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
6,025
Density / Sq Mi
$212,288
Median Household Income
$97,447
Median Earnings
$2,242
Median Rent
$961,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Charming, updated duplex in Pelham, convenient to amenities.
Where is this duplex located?
The property is located at 57 7th St Pelham, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Prime Location: Walkable to Pelham Metro‑North station, schools, parks, shopping, and dining.; Income‑Producing Potential: Turn‑key duplex ideal for rental income.; Updated Interiors: Features renovated kitchens and baths.
