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    Legal Two-Family Residential Income Title is generated by Realmo AI

    123 Oliver Ave, Yonkers, NY 10701

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    Claim this Listing
    New
    For Sale
    $749,900

    Multi-Unit (2-4) - Yonkers, NY

    Property size:
    2,170 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $345/SF
    Added:
    Jun 15, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 17 at 4:06 am

    Property Features for 123 Oliver Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage
    Standard status
    Active
    APN
    000000-001.000-0441-048.000
    Size
    2,170 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Year built
    1900
    Year renovated
    1900
    Architectural style
    Other

    We can help!

    Listing Contact
    Abraham Mathew
    Abraham Mathew

    Listing agent Abraham Mathew

    Listing office CENTURY 21 DAWNS GOLD 646 TUCKAHOE RD, YONKERS, NY

    Listing date Jun 15, 2026

    MLS# 11831418 Listing URL

    Copyright © 2026 My State 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

    • Legal two‑family home
    • Chalet‑style layout with a 3‑bedroom unit over a 2‑bedroom unit
    • Garage parking available
    • Built in 1900
    • Rooms include 5 bedrooms and 2 bathrooms

    Overview

    This legal two-family home offers a three-bedroom unit over a two-bedroom unit, laid out in a chalet-style configuration. The property is described as spacious and is set up as a duplex-style residential income asset, allowing for two separate residences under one roof.

    Located in Yonkers, NY at 123 Oliver Ave on a tree-lined street, the home is presented as centrally located. This setting supports day-to-day convenience for tenants and can simplify resident access compared with more isolated properties.

    For buyers seeking a straightforward rental structure, the primary appeal is the clear 3-bedroom and 2-bedroom arrangement within the same building, providing flexibility for different household sizes. The legal two-family designation is intended to support dependable multi-tenant operation, and the centrally located address can be attractive to renters who want a convenient home base.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $82.0k $37.80
    − Vacancy −$7.0k −$3.23
    EGI $75.0k $34.57
    − OpEx −$22.5k −$10.37
    NOI $52.5k $24.20
    2,170 SF · lease $37.80/SF/yr · vacancy 8.55% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $750.1K
    $656.4K – $875.2K (±1% cap)
    NOI $52,509 @ 7.0% cap · market cap 7.00%
    Second Best
    Apartment 5plus
    $688.9K
    $602.8K – $803.7K (±1% cap)
    NOI $48,222 @ 7.0% cap · market cap 6.43%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Yonkers
    County
    Westchester
    State
    New York
    Longitude
    -73.886202
    Latitude
    40.933092

    FAQs

    What type of property is this?
    Duplex - Spacious three-bedroom over two-bedroom layout with separate living space in Yonkers for rental-minded ownership.
    Where is this duplex located?
    The property is located at 123 Oliver Ave Yonkers, NY.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: Legal two‑family home; Chalet‑style layout with a 3‑bedroom unit over a 2‑bedroom unit; Garage parking available
    More about this property
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