Two-Unit Side-by-Side
148 Lincoln Avenue, New Rochelle, NY 10801
For Sale
$950,000
Both residences have private entrances, three bedrooms, and eat-in kitchens.
Property Size2,245 SF
Lot Size0.12 Acres
Days on Market31
Property Features for 148 Lincoln Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Compass Greater NY, LLC
Listed By:
Zulleyma Alvarez
(914) 525-5785
Source:
Cottiemaxwellrealestate
Added: Oct 10
Changed: Nov 8
Last Checked: Oct 12 at 11:11PM
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 Compass Greater NY, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1989, this side-by-side duplex contains two residences, each with three bedrooms, an eat-in kitchen, and a separate private entrance. Together, the units provide six bedrooms. A finished basement adds additional interior space, and the property includes attached parking for two cars. The roof is less than two years old.
The home sits on a 5,227-square-foot lot in New Rochelle, with public water and sewer and natural gas heating. Public transportation, major roadways, shopping, and everyday amenities are nearby. Electricity is paid by tenants.
The home sits on a 5,227-square-foot lot in New Rochelle, with public water and sewer and natural gas heating. Public transportation, major roadways, shopping, and everyday amenities are nearby. Electricity is paid by tenants.
Key Highlights
- Two side‑by‑side units, each with three bedrooms and a private entrance
- Finished basement
- Attached parking for two cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,728
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,560
$874.6K
Cap Rate 7%
$624,686
$624.7K
Cap Rate 9%
$485,867
$485.9K
Market Conditions
NOI Build-Up for 2,245 SF
Gross rent
$66.8K $29.76/SF
− Vacancy
−$4.3K −$1.93/SF
EGI
$62.5K $27.83/SF
− OpEx
−$18.7K −$8.35/SF
NOI
$43.7K $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%
$874,560
Cap Rate 7%
$624,686
Cap Rate 9%
$485,867
Alternative Uses
Best Use
Multifamily LT 5
$624.7K
$546.6K – $728.8K
NOI $43,728 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$550.1K
$481.3K – $641.8K
NOI $38,506 @ 7.0% cap · market cap 4.05%
Theoretical Best
Specialty Retail
$1.48M
$1.30M – $1.73M
NOI $103,904 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,782
Businesses Nearby
Explore this area
Business Placement
Demographics for 10801, NY
42,949
Population
16,912
Households
2.5
Avg Household Size
37
Median Age
43%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
12,632
Density / Sq Mi
$83,534
Median Household Income
$50,274
Median Earnings
$1,742
Median Rent
$555,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Duplexes in New Rochelle
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have private entrances, three bedrooms, and eat-in kitchens.
Where is this duplex located?
The property is located at 148 Lincoln Avenue New Rochelle, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with three bedrooms and a private entrance; Finished basement; Attached parking for two cars
