Two-Unit Colonial
227-229 S Ridge St, Portchester, NY 10573
For Sale
$1,395,000
Separate utility meters and private basements support independent operation for each residence.
Property Size3,400 SF
Price / SF$410.29
Days on Market50
Property Features for 227-229 S Ridge St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Amenities
hardwood floors
gourmet kitchen
granite countertops
stainless steel appliances
first-floor full bathroom
walk-out basement
dedicated storage
laundry setup
Building Details
Year Built
Buildings
Construction
Listing Agency:
Houlihan Lawrence Inc.
Listed By:
Heidi Oliver · License NY 40OL0989548
(914) 629-4236
Source:
Amodiorealestate
Added: Sep 26
Changed: Oct 25
Last Checked: Oct 7 at 2:40PM
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 Houlihan Lawrence Inc.
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.
This side-by-side Colonial duplex contains 3,400 square feet total, with 1,700 square feet in each unit. Both residences have an open main level with hardwood floors, granite kitchen countertops, and stainless steel appliances. A full bathroom is located on the first floor; the upper floors include three bedrooms, another full bath, and two third-floor bonus rooms. Each unit also has a walk-out basement with storage and a washer and dryer.
The property was built in 1920 and connects to public water and sewer. Gas and electric service are separately metered, and heating is provided by natural gas. Each side includes one attached garage space and two assigned outdoor parking spaces. The property is near local transit, parks, and downtown shopping.
The property was built in 1920 and connects to public water and sewer. Gas and electric service are separately metered, and heating is provided by natural gas. Each side includes one attached garage space and two assigned outdoor parking spaces. The property is near local transit, parks, and downtown shopping.
Key Highlights
- 3,400 square feet total; 1,700 square feet per unit
- Two side‑by‑side units, each with three bedrooms and two full bathrooms
- Two third‑floor bonus rooms in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,225
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,324,500
$1.3M
Cap Rate 7%
$946,071
$946.1K
Cap Rate 9%
$735,833
$735.8K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$101.2K $29.76/SF
− Vacancy
−$6.6K −$1.93/SF
EGI
$94.6K $27.83/SF
− OpEx
−$28.4K −$8.35/SF
NOI
$66.2K $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%
$1,324,500
Cap Rate 7%
$946,071
Cap Rate 9%
$735,833
Alternative Uses
Best Use
Multifamily LT 5
$946.1K
$827.8K – $1.10M
NOI $66,225 @ 7.0% cap · market cap 4.75%
Second Best
Apartment 5plus
$833.1K
$729.0K – $971.9K
NOI $58,316 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.62M
NOI $157,361 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
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
Properties on Market for Duplexes in Portchester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate utility meters and private basements support independent operation for each residence.
Where is this duplex located?
The property is located at 227-229 S Ridge St Portchester, NY.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 3,400 square feet total; 1,700 square feet per unit; Two side‑by‑side units, each with three bedrooms and two full bathrooms; Two third‑floor bonus rooms in each unit
