Two-Unit Duplex with Yard
For Sale
$850,000
3 Orchard Street, Yonkers, NY 10703
Two separate apartments include updated finishes, private laundry, and split heating and cooling systems.
Property Size1,800 SF
Price / SF$472.22
Days on Market8
Property Features for 3 Orchard Street
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
4
Property subtype
Duplex
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,345
Amenities
enclosed porch
outdoor patio
yard space
finished attic space
in-unit washer/dryer
Building Details
Building Size
1,800 SF
Year Built
1998
Buildings
1
Listing Agency:
RE/MAX In The City
(845) 461-6215
Listed By:
Oliver Peralta · License #10401328900
Source:
Shawmetro
Added: Aug 5
Changed: Aug 12
Last Checked: Aug 12 at 4:42AM
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 RE/MAX In The City
Investment Insights
Based on property information with market context.
This two-unit duplex includes a three-bedroom, 1.5-bath first-floor apartment and a separate two-bedroom, one-bath apartment. Both units feature granite countertops, while the first-floor residence also offers new carpeting, an enclosed porch, and access to the patio and yard. The second apartment includes generous closet space, an in-unit washer and dryer, and a finished attic suitable for storage.
New split heating and cooling systems serve the apartments. A private driveway accommodates up to four cars, and the property was built in 1998. The layout supports either owner occupancy with an additional apartment or use as a rental property. The home is located near major highways, shops, and public transportation.
New split heating and cooling systems serve the apartments. A private driveway accommodates up to four cars, and the property was built in 1998. The layout supports either owner occupancy with an additional apartment or use as a rental property. The home is located near major highways, shops, and public transportation.
Key Highlights
- Two separate apartments with three‑bedroom and two‑bedroom layouts
- First‑floor unit includes 3 bedrooms, 1.5 baths, enclosed porch, patio, and yard access
- Second apartment offers 2 bedrooms, 1 full bathroom, in‑unit washer and dryer, and finished attic
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,556
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$871,120
$871.1K
Cap Rate 7%
$622,229
$622.2K
Cap Rate 9%
$483,956
$484.0K
Market Conditions
NOI Build-Up for 1,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$68.0K $37.80/SF
− Vacancy
−$5.8K −$3.23/SF
EGI
$62.2K $34.57/SF
− OpEx
−$18.7K −$10.37/SF
NOI
$43.6K $24.20/SF
Area
Yonkers, NY
Vacancy
8.55%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$871,120
Cap Rate 7%
$622,229
Cap Rate 9%
$483,956
Alternative Uses
Best Use
Multifamily LT 5
$622.2K
$544.5K – $725.9K
NOI $43,556 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$571.4K
$500.0K – $666.7K
NOI $40,000 @ 7.0% cap · market cap 4.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,507
Businesses Nearby
Explore this area
Business Placement
Demographics for 10703, NY
22,571
Population
7,925
Households
2.8
Avg Household Size
39
Median Age
26%
College-Educated
80%
High-School Grad
1.6 sq mi
ZIP Area
14,107
Density / Sq Mi
$74,940
Median Household Income
$42,972
Median Earnings
$1,702
Median Rent
$477,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments include updated finishes, private laundry, and split heating and cooling systems.
Where is this duplex located?
The property is located at 3 Orchard Street Yonkers, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two separate apartments with three‑bedroom and two‑bedroom layouts; First‑floor unit includes 3 bedrooms, 1.5 baths, enclosed porch, patio, and yard access; Second apartment offers 2 bedrooms, 1 full bathroom, in‑unit washer and dryer, and finished attic
