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Two-Unit Duplex with Lake Rights
For Sale
$625,000
Pending

361 Lake Drive, Lake Peekskill, NY 10537

Residential Income, Lake Peekskill, NY

Property SizeContact for details
Lot Size0.49 Acres
Days on Market105

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 4, Dining Room, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Basement
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 Storage Space, Full, Walk-Out Access
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 Pending
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

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

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
Added: Jul 8 Changed: Oct 20 Last Checked: Oct 20 at 10:06PM
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.

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Investment Insights

Based on property information with market context.

Built in 1936, this Colonial duplex sits on a 0.49-acre parcel and contains two separate apartments, each with a private entrance and electric meter. Both units have two bedrooms and an eat-in kitchen; the first also includes an office or guest room and enclosed porch, while the upper apartment has a bonus room and double terrace. Interior details include hardwood floors, built-in shelving, original woodwork and a wood-burning fireplace. The property also has a full walk-out basement and off-street parking.

North Beach is behind the house, and lake rights extend to three neighborhood beaches. The property is served by well water and a septic system. Recent work includes replacement of the roof and water tank approximately six years ago, newer water heaters, a whole-house electrical rewire, and updates to the upper bathroom and kitchen flooring.

Key Highlights

  • Two apartments, each with two bedrooms, a private entrance and its own electric meter
  • 0.49‑acre parcel with North Beach behind the house and rights to three neighborhood beaches
  • Built in 1936; Colonial style with original woodwork, built‑ins and a wood‑burning fireplace

Property Analytics

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Lease Details

2
Residential units
Yes
Highway 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
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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two separately metered residences offer independent access, with North Beach located behind the property.
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 $625,000.
What are key features of this property?
This property features: Two apartments, each with two bedrooms, a private entrance and its own electric meter; 0.49‑acre parcel with North Beach behind the house and rights to three neighborhood beaches; Built in 1936; Colonial style with original woodwork, built‑ins and a wood‑burning fireplace
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