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Lake-Access Duplex with Original Character
For Sale
$649,900

361 Lake Drive, Lake Peekskill, NY 10537

Residential Income, Lake Peekskill, NY

Property SizeContact for details
Lot Size0.49 Acres
Days on Market54

Property Features for 361 Lake Drive

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Basement, Dining Room, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1
Parking 2
Parking features Off Street, Driveway
Security features Security System
Patio and Porch features Patio, Porch
Interior features First Floor Bedroom, First Floor Full Bath, Beamed Ceilings, Built-in Features, Eat-in Kitchen, Entrance Foyer, Formal Dining, His and Hers Closets, Natural Woodwork, Original Details, Pantry, Master Downstairs, Storage
Exterior features Balcony, Juliet Balcony, Lighting, Mailbox, Rain Gutters
Fireplace 1
Basement Walk-Out Access, Storage Space, Full
Lot features Near Golf Course, Near Public Transit, Near School, Near Shops, Private, Views, Waterfront
View Lake
Elementary school Putnam Valley Elementary School
Middle school Putnam Valley Middle School
High school Putnam Valley High School
Elementary school district Putnam Valley
Middle school district Putnam Valley
High school district Putnam Valley
Standard status Active
APN 372800-083-058-0001-070-000-0000
Lot size 0.49 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 10082

Utilities

Utilities Cable Available
Sewer type Septic Tank
Heating system Electric (Heating)
Cooling system Window Unit(s), Wall/Window Unit(s)
Water source Well
Water front features Lake
Water front 1

Amenities

built-in bookshelves
original woodwork
wood-burning fireplace
enclosed porch
double terrace
lake rights
full walk-out basement

Building Details

Year built 1936
Number of units 2
Flooring type Hardwood
Building materials Frame
Architectural style Colonial
Additional Structures Storage
Listing Agency: RE/MAX Classic Realty · RE/MAX International
Listed By: Christine Rowley · License #10301203607
Added: Jul 8 Changed: Aug 20 Last Checked: Aug 30 at 7:06AM
MLS# 1021571

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.

Investment Insights

Based on property information with market context.

Built in 1936, this Colonial-style duplex contains two separate apartments, each with a private entrance and its own electric meter. The first-floor residence includes two bedrooms, a full bath, office or guest space, formal living and dining areas, an eat-in kitchen, and an enclosed porch. Upstairs, the second apartment provides two bedrooms, a bonus room, a remodeled bath, an eat-in kitchen, built-in cabinetry, and a double terrace. Original woodwork, built-in bookshelves, antique doorways, hardwood flooring, and a wood-burning fireplace retain the home's historic character. A full walk-out basement provides storage, while the property includes off-street parking and a driveway.

The 0.49-acre property sits behind North Beach and includes lake rights to all three neighborhood beaches. Seasonal lake views are available from the enclosed porch and upper terrace. Recent work includes a whole-house electrical rewire approved by the town in April 2026, replacement of the roof and water tank approximately six years ago, water-heater updates, interior and exterior painting, new flooring, remodeled bathroom finishes, and improved exterior steps. Shopping, restaurants, schools, highways, and Metro-North are nearby, with highways and Metro-North approximately 10 minutes away.

Key Highlights

  • Two separate apartments, each with a private entrance and individual electric meter
  • 0.49‑acre property with lake rights to all three neighborhood beaches
  • Built in 1936 with Colonial architecture, original woodwork, built‑ins, and a wood‑burning fireplace

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Building Supply HVAC Service Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

82
Businesses Nearby

Demographics for 10537, NY

2,527
Population
984
Households
2.6
Avg Household Size
41
Median Age
51%
College-Educated
91%
High-School Grad
1.1 sq mi
ZIP Area
2,297
Density / Sq Mi
$126,354
Median Household Income
$48,602
Median Earnings
$2,298
Median Rent
$367,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two private apartments offer flexible occupancy, separate utilities, period details, and outdoor spaces with seasonal lake views.
Where is this duplex located?
The property is located at 361 Lake Drive Lake Peekskill, NY.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two separate apartments, each with a private entrance and individual electric meter; 0.49‑acre property with lake rights to all three neighborhood beaches; Built in 1936 with Colonial architecture, original woodwork, built‑ins, and a wood‑burning fireplace
More about this property
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