Duplex with Detached
New
For Sale
Contact for pricing
312 Sixth Avenue, Pelham, NY 10803
An interior staircase links the residences, supporting separate household use or a combined living arrangement.
Property Size1,986 SF
Days on Market4
Property Features for 312 Sixth Avenue
General Information
Standard status
Active
Size
1,986 SF
Total Parking Spaces
2
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$23,000
Building Details
Building Size
1,986 SF
Year Built
1910
Listing Agency:
Greene Realty Group
Listed By:
Derek J. Greene · License #MA9503235-RE-B
(877) 222-0621
Source:
Totallywestchester
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 30 at 3:28PM
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 Greene Realty Group
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Investment Insights
Based on property information with market context.
Built in 1910, this two-family property has two residences connected by an interior staircase. Each floor includes a kitchen, living room, two bedrooms, and a bathroom. Hardwood floors are present in the first-floor living room and bedrooms, while both kitchens have updated flooring. A detached two-bay garage includes a finished study in one bay, and the property has parking for 2+ vehicles. Outdoor features include a flagstone patio, lawn, garden areas, and a fence.
The Metro-North station is less than a 10-minute walk away, with service to Grand Central Terminal taking 35 minutes and trains running twice an hour. A food market is a 7-minute walk from the property. Cafes and restaurants are within a 15-minute walk, and a playground and elementary school are 7 minutes away on foot. The middle school and high school are 1 mile away.
The Metro-North station is less than a 10-minute walk away, with service to Grand Central Terminal taking 35 minutes and trains running twice an hour. A food market is a 7-minute walk from the property. Cafes and restaurants are within a 15-minute walk, and a playground and elementary school are 7 minutes away on foot. The middle school and high school are 1 mile away.
Key Highlights
- Two residences, each with two bedrooms, a kitchen, living room, and bathroom
- Detached two‑bay garage, with one bay finished as a study
- Parking for 2+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,683
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,660
$773.7K
Cap Rate 7%
$552,614
$552.6K
Cap Rate 9%
$429,811
$429.8K
Market Conditions
NOI Build-Up for 1,986 SF
Gross rent
$59.1K $29.76/SF
− Vacancy
−$3.8K −$1.93/SF
EGI
$55.3K $27.83/SF
− OpEx
−$16.6K −$8.35/SF
NOI
$38.7K $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%
$773,660
Cap Rate 7%
$552,614
Cap Rate 9%
$429,811
Alternative Uses
Best Use
Multifamily LT 5
$552.6K
$483.5K – $644.7K
NOI $38,683 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$486.6K
$425.8K – $567.7K
NOI $34,063 @ 7.0% cap · market cap 3.52%
Theoretical Best
Retail
$599.9K
$524.9K – $699.9K
NOI $41,993 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,027
Businesses Nearby
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Business Placement
Demographics for 10803, NY
13,255
Population
4,360
Households
3
Avg Household Size
40
Median Age
74%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
6,025
Density / Sq Mi
$212,288
Median Household Income
$97,447
Median Earnings
$2,242
Median Rent
$961,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - An interior staircase links the residences, supporting separate household use or a combined living arrangement.
Where is this duplex located?
The property is located at 312 Sixth Avenue Pelham, NY.
What is the asking price?
The asking price for this property is $967,500.
What are key features of this property?
This property features: Two residences, each with two bedrooms, a kitchen, living room, and bathroom; Detached two‑bay garage, with one bay finished as a study; Parking for 2+ vehicles
