Three-Family Residential Income
For Sale
$999,000
Pending
27 Soundview St, Portchester, NY 10573
Three-unit property with a large walk-out basement, backyard, and off-street parking in Port Chester.
Property Size2,669 SF
Days on Market142
Property Features for 27 Soundview St
General Information
Standard status
Pending
Size
2,669 SF
Property subtype
Investment
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$17,934
Amenities
backyard
off-street parking
Building Details
Building Size
2,669 SF
Year Built
1900
Units
3
Listing Agency:
Coldwell Banker Residential Brokerage
Listed By:
Lindsay Berardi
(914) 282-2315
Source:
Elliman
Added: Jun 4
Changed: Oct 10
Last Checked: Oct 20 at 8:31PM
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 Coldwell Banker Residential Brokerage
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Investment Insights
Based on property information with market context.
This three-family residential income property offers a unit mix of a 4-bedroom, a 3-bedroom, and a 1-bedroom apartment. The building also features a large walk-out basement that provides additional usable space and potential for future possibilities. Outside, there is a backyard and off-street parking.
Located in Port Chester, the property is described as being near shopping, restaurants, parks, schools, major highways, and Metro-North. WalkScore is listed as 88, indicating the area is very walkable, with a transitScore of 53 and a bikeScore of 41.
The property’s practical layout combines multiple apartment configurations with basement space and outdoor amenities, supporting a straightforward residential rental setup.
Located in Port Chester, the property is described as being near shopping, restaurants, parks, schools, major highways, and Metro-North. WalkScore is listed as 88, indicating the area is very walkable, with a transitScore of 53 and a bikeScore of 41.
The property’s practical layout combines multiple apartment configurations with basement space and outdoor amenities, supporting a straightforward residential rental setup.
Key Highlights
- Three‑family property with unit mix: 4‑bedroom, 3‑bedroom, and 1‑bedroom apartments
- Year built 1900
- Large walk‑out basement with additional space and future possibilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,987
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,740
$1.0M
Cap Rate 7%
$742,671
$742.7K
Cap Rate 9%
$577,633
$577.6K
Market Conditions
NOI Build-Up for 2,669 SF
Gross rent
$79.4K $29.76/SF
− Vacancy
−$5.2K −$1.93/SF
EGI
$74.3K $27.83/SF
− OpEx
−$22.3K −$8.35/SF
NOI
$52.0K $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%
$1,039,740
Cap Rate 7%
$742,671
Cap Rate 9%
$577,633
Alternative Uses
Best Use
Multifamily LT 5
$742.7K
$649.8K – $866.5K
NOI $51,987 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$654.0K
$572.2K – $763.0K
NOI $45,778 @ 7.0% cap · market cap 4.58%
Theoretical Best
Retail
$806.2K
$705.4K – $940.6K
NOI $56,435 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,224
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
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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?
Triplex - Three-unit property with a large walk-out basement, backyard, and off-street parking in Port Chester.
Where is this triplex located?
The property is located at 27 Soundview St Portchester, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three‑family property with unit mix: 4‑bedroom, 3‑bedroom, and 1‑bedroom apartments; Year built 1900; Large walk‑out basement with additional space and future possibilities
