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Victorian Multi-Family Investment Opportunity
For Sale
$1,350,000

247 N Middletown Road, Pearl River, NY 10965

Charming 6-unit Victorian with development potential, convenient location.

Property SizeContact for details
Days on Market442

Property Features for 247 N Middletown Road

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $25,625

Building Details

Year Built 1930
Listing Agency: IMAGINE PROPERTIES NY
Listed By: KATHLEEN A KENNEDY
Source: Corcoran
Added: Jun 5, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:08AM

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 IMAGINE PROPERTIES NY

Investment Insights

Based on property information with market context.

This 6-unit Victorian home presents a rare investment opportunity, characterized by its timeless architectural details and development potential. The property is situated on a level lot that includes a private yard. The building's features include a welcoming foyer and preserved period details. Each unit is equipped with separate utilities, providing convenience for tenants or owners. Additional features include a spacious basement and ample parking for residents and guests. The property's location offers convenient access to public transportation, local shops, and all major highways. This property offers long-term potential as an income-producing asset or for development options. With the right approvals, the home can be redeveloped into a commercial strip mall or a new multi-use project.

Key Highlights

  • Six‑unit Victorian home offering a rare investment opportunity.
  • Development potential for commercial or multi‑use projects (with approvals).
  • Strong income‑producing asset with separate utilities for each unit.**

Property Analytics

Current Use

BrightPath Pearl River Daycare Center

Suggested Use

Top Pick Hair Salon Gym & Fitness Center Storage Facility Furniture & Home Goods Building Supply Law Firm

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

405
Businesses Nearby

Demographics for 10965, NY

15,342
Population
5,937
Households
2.6
Avg Household Size
44
Median Age
47%
College-Educated
88%
High-School Grad
5.2 sq mi
ZIP Area
2,950
Density / Sq Mi
$136,970
Median Household Income
$67,163
Median Earnings
$2,036
Median Rent
$560,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

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

What type of property is this?
Apartment building - Charming 6-unit Victorian with development potential, convenient location.
Where is this apartment building located?
The property is located at 247 N Middletown Road Pearl River, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Six‑unit Victorian home offering a rare investment opportunity.; Development potential for commercial or multi‑use projects (with approvals).; Strong income‑producing asset with separate utilities for each unit.**
More about this property
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