Turnkey Triplex with 3-Car
173 Elm St, Yonkers, NY 10701
For Sale
$950,000
Three 3-bedroom units with newer windows plus a finished basement and off-street parking in an attached 3-car garage.
Property Size3,196 SF
Days on Market151
Property Features for 173 Elm St
General Information
Standard status
Size
Property subtype
Additional Details
Business Included
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Tenancy
Listed By:
Nelson Santana
(914) 356-7056
Source:
Elliman
Added: Jun 17
Changed: Nov 10
Last Checked: Nov 12 at 8:37AM
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 Nelson Santana
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Investment Insights
Based on property information with market context.
This well-maintained triplex offers three spacious, sunlit apartments with an identical layout. Each unit features three bedrooms, one full bathroom, and an oversized eat-in kitchen alongside a generous living area. Additional improvements include newer windows, and the property also includes a fully finished basement for added flexibility.
The home is located at 173 Elm St in Yonkers. WalkScore is 72 (Very Walkable) and transitScore is 57 (Good Transit), with bikeScore of 25 (Somewhat Bikeable). Public transportation and major highways are described as nearby, along with local restaurants and shopping.
The configuration suits buyers seeking a residential income property with consistent unit layouts across all three apartments. Tenant-paid utilities can help simplify operating expenses, and the attached 3-car garage paired with a large driveway provides meaningful off-street parking. With three bedrooms per unit and a finished basement, the property offers straightforward functionality for a range of tenant needs.
The home is located at 173 Elm St in Yonkers. WalkScore is 72 (Very Walkable) and transitScore is 57 (Good Transit), with bikeScore of 25 (Somewhat Bikeable). Public transportation and major highways are described as nearby, along with local restaurants and shopping.
The configuration suits buyers seeking a residential income property with consistent unit layouts across all three apartments. Tenant-paid utilities can help simplify operating expenses, and the attached 3-car garage paired with a large driveway provides meaningful off-street parking. With three bedrooms per unit and a finished basement, the property offers straightforward functionality for a range of tenant needs.
Key Highlights
- 1893‑built triplex with three 3‑bedroom apartments, each with 1 full bathroom and an oversized eat‑in kitchen and living area
- Newer windows throughout to improve energy efficiency
- Tenants pay all utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,336
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,546,720
$1.5M
Cap Rate 7%
$1,104,800
$1.1M
Cap Rate 9%
$859,289
$859.3K
Market Conditions
NOI Build-Up for 3,196 SF
Gross rent
$120.8K $37.80/SF
− Vacancy
−$10.3K −$3.23/SF
EGI
$110.5K $34.57/SF
− OpEx
−$33.1K −$10.37/SF
NOI
$77.3K $24.20/SF
Area
Yonkers, NY
Vacancy
8.55%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,546,720
Cap Rate 7%
$1,104,800
Cap Rate 9%
$859,289
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$966.7K – $1.29M
NOI $77,336 @ 7.0% cap · market cap 8.14%
Second Best
Apartment 5plus
$1.01M
$887.8K – $1.18M
NOI $71,022 @ 7.0% cap · market cap 7.48%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,557
Businesses Nearby
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Business Placement
Demographics for 10701, NY
68,704
Population
28,252
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
79%
High-School Grad
4.4 sq mi
ZIP Area
15,615
Density / Sq Mi
$63,310
Median Household Income
$42,702
Median Earnings
$1,694
Median Rent
$412,900
Median Home Value
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Market
Properties on Market for Triplexes in Yonkers
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three 3-bedroom units with newer windows plus a finished basement and off-street parking in an attached 3-car garage.
Where is this triplex located?
The property is located at 173 Elm St Yonkers, 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: 1893‑built triplex with three 3‑bedroom apartments, each with 1 full bathroom and an oversized eat‑in kitchen and living area; Newer windows throughout to improve energy efficiency; Tenants pay all utilities
