Move-In Ready Three-Family
For Sale
$1,399,000
609 Saw Mill River Rd, Ardsley, NY 10502
Three fully separate units with private outdoor space, separate utility meters, and five parking spaces.
Days on Market8
Property Features for 609 Saw Mill River Rd
General Information
Standard status
Active
Total Parking Spaces
5
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
4,818 SF
Year Built
1950
Listing Agency:
(914) 574-3355
Listed By:
Carla DeMarsh
(914) 574-3355
Source:
Elliman
Added: Jul 25
Changed: Jul 26
Last Checked: Jul 31 at 11:25AM
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 Carla DeMarsh
Investment Insights
Based on property information with market context.
Move-in ready three-family home offering a live-and-earn setup or a turnkey residential income configuration. The top floor features a 3-bedroom, 2-bath unit with a private patio and yard, hardwood floors, central A/C, and spacious rooms. The first floor includes two side-by-side units: one with 1 bedroom and 1 bath, and the other with 2 bedrooms and 1 bath.
Each unit has private washer/dryer hookups and separate utility metering, including water, with tenant-paid utilities. The property also includes five private parking spaces.
Located in the Ardsley School District, the home is commuter-friendly near major highways and within walking distance to shops and restaurants. Walk Score is listed as 49 (car-dependent), with a Bike Score of 19 (somewhat bikeable).
Each unit has private washer/dryer hookups and separate utility metering, including water, with tenant-paid utilities. The property also includes five private parking spaces.
Located in the Ardsley School District, the home is commuter-friendly near major highways and within walking distance to shops and restaurants. Walk Score is listed as 49 (car-dependent), with a Bike Score of 19 (somewhat bikeable).
Key Highlights
- Move‑in ready three‑family home (built 1950) in the Ardsley School District
- Top‑floor unit: 3BR/2BA with a private patio, yard space, hardwood floors, and central A/C
- First‑floor layout features two side‑by‑side units: 1BR/1BA and 2BR/1BA
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 | $143.4k | $29.76 |
| − Vacancy | −$9.3k | −$1.93 |
| EGI | $134.1k | $27.83 |
| − OpEx | −$40.2k | −$8.35 |
| NOI | $93.8k | $19.48 |
4,818 SF · lease $29.76/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,845 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,637 @ 7.0% cap · market cap 5.91%
Theoretical Best
Retail
$1.46M
$1.27M – $1.70M
NOI $101,874 @ 7.0% cap · market cap 7.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
750
Businesses Nearby
Explore this area
Business Placement
Demographics for 10502, NY
6,261
Population
2,002
Households
3.1
Avg Household Size
43
Median Age
77%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
2,981
Density / Sq Mi
$250,001
Median Household Income
$113,925
Median Earnings
$3,501
Median Rent
$819,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three fully separate units with private outdoor space, separate utility meters, and five parking spaces.
Where is this triplex located?
The property is located at 609 Saw Mill River Rd Ardsley, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Move‑in ready three‑family home (built 1950) in the Ardsley School District; Top‑floor unit: 3BR/2BA with a private patio, yard space, hardwood floors, and central A/C; First‑floor layout features two side‑by‑side units: 1BR/1BA and 2BR/1BA
