Two-Unit Brick
For Sale
$950,000
241 S 5th Avenue, Mount Vernon, NY 10550
Residential Income, Mount Vernon, NY
Property Size2,880 SF
Lot Size0.08 Acres
Price / SF$329.86
Days on Market15
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Property Features for 241 S 5th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 3, Basement
Parking features
Driveway, Garage
Interior features
First Floor Bedroom
Basement
Unfinished
Elementary school
Cecil H Parker School
Middle school
Benjamin Turner Middle School
High school
Mt Vernon High School
Elementary school district
Mount Vernon
Middle school district
Mount Vernon
High school district
Mount Vernon
Standard status
Active
APN
0800-169-022-03089-000-0032
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
14093
Utilities
Utilities
Water Available
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
covered front porch
fenced yard
Building Details
Year built
2016
Number of units
2
Building materials
Brick, Stone
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Elizabeth Poggiogalle
(914) 294-7563
Added: Oct 1
Changed: Oct 15
Last Checked: Oct 15 at 6:06PM
MLS# 1057584
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.
Completed in 2016, this duplex contains two matching residences, each with three bedrooms, two full bathrooms, and 1,440 square feet. The combined living area is 2,880 square feet. Both homes feature eat-in kitchens, and the building has a brick and stone exterior. The property occupies a level 0.08-acre lot with a covered entrance porch and fenced yard.
A two-car attached garage and private driveway provide parking for four vehicles. Each residence is separately metered for gas and electricity. Forced-air heat, central air conditioning, and public water are also listed among the property features.
The property is in Mount Vernon, with access to the Metro-North station at Mount Vernon East, Montefiore Mount Vernon Hospital, shopping, dining, parks, the Cross County and Hutchinson River Parkways, and I-95.
A two-car attached garage and private driveway provide parking for four vehicles. Each residence is separately metered for gas and electricity. Forced-air heat, central air conditioning, and public water are also listed among the property features.
The property is in Mount Vernon, with access to the Metro-North station at Mount Vernon East, Montefiore Mount Vernon Hospital, shopping, dining, parks, the Cross County and Hutchinson River Parkways, and I-95.
Key Highlights
- Two matching residences, each with 3 bedrooms, 2 full baths, and 1,440 square feet
- 2,880 square feet of total living area on a 0.08‑acre lot
- Built in 2016; brick and stone exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,096
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,121,920
$1.1M
Cap Rate 7%
$801,371
$801.4K
Cap Rate 9%
$623,289
$623.3K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$85.7K $29.76/SF
− Vacancy
−$5.6K −$1.93/SF
EGI
$80.1K $27.83/SF
− OpEx
−$24.0K −$8.35/SF
NOI
$56.1K $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%
$1,121,920
Cap Rate 7%
$801,371
Cap Rate 9%
$623,289
Alternative Uses
Best Use
Multifamily LT 5
$801.4K
$701.2K – $934.9K
NOI $56,096 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$705.7K
$617.5K – $823.3K
NOI $49,397 @ 7.0% cap · market cap 5.20%
Theoretical Best
Retail
$869.9K
$761.2K – $1.01M
NOI $60,896 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,885
Businesses Nearby
Explore this area
Business Placement
Demographics for 10550, NY
41,137
Population
16,865
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
2.0 sq mi
ZIP Area
20,569
Density / Sq Mi
$56,903
Median Household Income
$43,733
Median Earnings
$1,451
Median Rent
$482,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own gas and electric meters, with parking provided by an attached garage and driveway.
Where is this duplex located?
The property is located at 241 S 5th Avenue Mount Vernon, 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 matching residences, each with 3 bedrooms, 2 full baths, and 1,440 square feet; 2,880 square feet of total living area on a 0.08‑acre lot; Built in 2016; brick and stone exterior
