Two-Family Duplex
For Sale
$799,000
288 Olivia Street, Portchester, NY 10573
Legal two-unit residence with distinct apartments and finished lower-level space.
Property Size1,458 SF
Days on Market68
Property Features for 288 Olivia Street
General Information
Standard status
Active
Size
1,458 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$13,065
Building Details
Building Size
1,458 SF
Year Built
1905
Buildings
1
Listing Agency:
C. J. Pagano & Sons, Inc.
Listed By:
Christopher Krzeminski · License #10301223659
(914) 447-8768
Source:
Cottiemaxwellrealestate
Added: Aug 4
Changed: Oct 5
Last Checked: Oct 10 at 12:18AM
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 C. J. Pagano & Sons, Inc.
Investment Insights
Based on property information with market context.
This legal two-family residence, built in 1905, contains two separate apartments. The first-floor unit is occupied and includes two bedrooms along with finished basement area that adds usable living and storage space. The upper apartment is vacant and provides one bedroom plus a bonus room.
The property is in Port Chester near downtown, with shopping, restaurants, parks, schools, Metro-North service, and major highways identified in the surrounding area. Its existing two-unit configuration supports either continued rental use or an owner-occupancy arrangement, subject to applicable requirements.
The property is in Port Chester near downtown, with shopping, restaurants, parks, schools, Metro-North service, and major highways identified in the surrounding area. Its existing two-unit configuration supports either continued rental use or an owner-occupancy arrangement, subject to applicable requirements.
Key Highlights
- Legal two‑family property with two separate apartments
- Occupied first‑floor unit with 2 bedrooms and finished basement space
- Vacant second‑floor apartment with 1 bedroom and a bonus room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,399
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$567,980
$568.0K
Cap Rate 7%
$405,700
$405.7K
Cap Rate 9%
$315,544
$315.5K
Market Conditions
NOI Build-Up for 1,458 SF
Gross rent
$43.4K $29.76/SF
− Vacancy
−$2.8K −$1.93/SF
EGI
$40.6K $27.83/SF
− OpEx
−$12.2K −$8.35/SF
NOI
$28.4K $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%
$567,980
Cap Rate 7%
$405,700
Cap Rate 9%
$315,544
Alternative Uses
Best Use
Multifamily LT 5
$405.7K
$355.0K – $473.3K
NOI $28,399 @ 7.0% cap · market cap 3.55%
Second Best
Apartment 5plus
$357.2K
$312.6K – $416.8K
NOI $25,007 @ 7.0% cap · market cap 3.13%
Theoretical Best
Retail
$440.4K
$385.4K – $513.8K
NOI $30,829 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,272
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legal two-unit residence with distinct apartments and finished lower-level space.
Where is this duplex located?
The property is located at 288 Olivia Street Portchester, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Legal two‑family property with two separate apartments; Occupied first‑floor unit with 2 bedrooms and finished basement space; Vacant second‑floor apartment with 1 bedroom and a bonus room
