Two-Family Duplex with
321 Spring Street, Ossining, NY 10562
MULTI_FAMILY - Ossining, NY
Property size:
2,000 SFLot size:
0.11 AcresPrice / SF:
$375/SF- Added:
- Jun 11, 2026
- Days on Market:
- 15
- Last Refresh:
- Jun 25 at 1:06 am
Property Features for 321 Spring Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Basement, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
- Parking features
- Driveway
- Window features
- Insulated Windows
- Patio and Porch features
- Deck
- Basement
- Full, Unfinished, Storage Space
- Standard status
- Active
- APN
- 4203-097-015-00000-000-0050-000-0-2
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 20809
Utilities
- Sewer type
- Public Sewer
- Heating system
- Oil
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1930
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Stucco
Listing agent Margaret Callaci (914) 420-2775
Listing office Corcoran Legends Realty 38 Main St., Tarrytown, NY (914) 332-6300
Listing date Jun 11, 2026
MLS# 1011605
Listing URL
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two‑family duplex built in 1930 with two 1,000 SF apartments
- Each unit includes 2 bedrooms, living room, kitchen, dining room, and a large bright 4‑season sunroom
- Oak hardwood floors, stucco walls, and solid wood trim throughout
- Full unfinished basement with two laundry stations (one per unit) and ample storage
- Shared backyard with a large hardwood deck, plus driveway and off‑street parking
- Public water and public sewer; heating oil with window/wall unit cooling
Overview
This two-family duplex offers two separate apartments, each featuring two bedrooms, an updated bathroom, living room, kitchen, dining room, and a large bright four-season sunroom. The home includes a full, unfinished basement with two laundry stations and ample storage for both units. Interior details include oak hardwood floors, stucco walls, and solid wood trim. Outside, residents share a backyard with a large hardwood deck, and the property has ample driveway and off-street parking.
The property is located in Ossining in the Sparta district. Nearby conveniences include a short walk to Arcadian Shopping, as well as access to the Scarborough-on-Hudson train station for service to GCS. The listing also notes proximity to the Hudson River waterfront.
For buyers seeking a residential income property, the duplex configuration supports straightforward unit separation and in-building laundry for each apartment. The basement layout provides practical storage, while the four-season sunrooms and shared outdoor deck add comfortable, livable space. The property is described as well-maintained, with possible in-unit updating while emphasizing that the underlying structure is in good condition.
The property is located in Ossining in the Sparta district. Nearby conveniences include a short walk to Arcadian Shopping, as well as access to the Scarborough-on-Hudson train station for service to GCS. The listing also notes proximity to the Hudson River waterfront.
For buyers seeking a residential income property, the duplex configuration supports straightforward unit separation and in-building laundry for each apartment. The basement layout provides practical storage, while the four-season sunrooms and shared outdoor deck add comfortable, livable space. The property is described as well-maintained, with possible in-unit updating while emphasizing that the underlying structure is in good condition.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.5k | $29.76 |
| − Vacancy | −$3.9k | −$1.93 |
| EGI | $55.7k | $27.83 |
| − OpEx | −$16.7k | −$8.35 |
| NOI | $39.0k | $19.48 |
2,000 SF · lease $29.76/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$556.5K
$487.0K – $649.3K
NOI $38,956 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$490.1K
$428.8K – $571.7K
NOI $34,304 @ 7.0% cap · market cap 4.57%
Theoretical Best
Retail
$604.1K
$528.6K – $704.8K
NOI $42,289 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Ossining
- County
- Westchester
- State
- New York
- Longitude
- -73.865351
- Latitude
- 41.1459
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family duplex with two bedrooms per unit, bright sunrooms, and off-street parking.
Where is this duplex located?
The property is located at 321 Spring Street Ossining, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family duplex built in 1930 with two 1,000 SF apartments; Each unit includes 2 bedrooms, living room, kitchen, dining room, and a large bright 4‑season sunroom; Oak hardwood floors, stucco walls, and solid wood trim throughout
