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Duplex with Ground-Floor Commercial Space
For Sale
$797,000

140 Terrace Avenue, Portchester, NY 10573

MULTI_FAMILY - Colonial - Port Chester, NY

Lot Size0.04 Acres
Days on Market76

Property Features for 140 Terrace Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 6
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 1
Interior features Entrance Foyer
Basement Walk-Out Access, Finished, Full
Elementary school Thomas A Edison School
Middle school Port Chester Middle School
High school Port Chester Senior High School
Elementary school district Port Chester-Rye
Middle school district Port Chester-Rye
High school district Port Chester-Rye
Standard status Active
APN 4801-136-000-00063-002-0067-0000000
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 18820

Utilities

Utilities Phone Available
Sewer type Public Sewer
Heating system Natural Gas
Cooling system Window Unit(s), Central Air, Wall/Window Unit(s)
Water source Public

Building Details

Year built 1900
Number of units 3
Building materials Shingle Siding, Stucco
Architectural style Colonial
Listing Agency: E Realty International Corp
Listed By: Cosmo Iadanza
Added: May 18 Changed: Jul 31 Last Checked: Aug 1 at 2:06AM
MLS# 1001580

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.

Investment Insights

Based on property information with market context.

This Colonial-style duplex at 140 Terrace Avenue features two fully occupied residential units and a ground-floor commercial space. The residential component is served by natural gas heating and includes an entrance foyer. Construction materials include shingle siding and stucco. Cooling is provided via central air plus wall/window unit(s).

The ground-floor space is currently operated as a rentable venue for private parties, meetings, and small events. It includes a large open floor plan, a kitchen, and a half bath, and it can be adapted for other uses subject to approvals.

Additional supported site details include a 0.0442-acre lot, public water, and public sewer. Utilities noted include phone availability. The commercial venue has been operated with limited formal advertising, with most bookings reportedly generated through word-of-mouth.

Key Highlights

  • Two fully occupied residential units plus ground‑floor commercial venue space
  • Large open floor plan with kitchen and half bath in the commercial area
  • Colonial architecture with shingle siding and stucco exterior

Property Analytics

Current Use

Perfect Party Event Planning

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Cafe & Coffee Shop Pet Store Pet Store & Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,471
Businesses Nearby

Demographics for 10573, NY

41,758
Population
14,592
Households
2.9
Avg Household Size
39
Median Age
44%
College-Educated
83%
High-School Grad
5.5 sq mi
ZIP Area
7,592
Density / Sq Mi
$110,612
Median Household Income
$48,263
Median Earnings
$1,940
Median Rent
$649,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex building with two occupied residential units plus a ground-floor commercial venue space with kitchen and half bath.
Where is this duplex located?
The property is located at 140 Terrace Avenue Portchester, NY.
What is the asking price?
The asking price for this property is $797,000.
What are key features of this property?
This property features: Two fully occupied residential units plus ground‑floor commercial venue space; Large open floor plan with kitchen and half bath in the commercial area; Colonial architecture with shingle siding and stucco exterior
More about this property
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