Colonial Duplex with Private
For Sale
$550,000
Pending
41 Ellis Place, Ossining, NY 10562
MULTI_FAMILY - Colonial - Ossining, NY
Property Size2,276 SF
Lot Size0.17 Acres
Days on Market103
Property Features for 41 Ellis Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Basement, Bathroom 2, Bedroom 1, Bedroom 6, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 4
Parking features
Driveway
Interior features
Walk Through Kitchen
Basement
Storage Space
High school
Ossining High School
Elementary school district
Ossining
Middle school district
Ossining
High school district
Ossining
Standard status
Pending
APN
4203-089-020-00000-000-0030-000-0-3
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16435
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1912
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Shingle Siding
Architectural style
Colonial
Listing Agency:
Century 21 Full Service Realty · Century 21 Real Estate
(845) 639-1234
Listed By:
Paula C. Esteves
(914) 760-6138
Added: Apr 21
Changed: Jul 30
Last Checked: Aug 1 at 4:06PM
MLS# 991931
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.
This colonial duplex offers a legal two-family layout plus a separate studio apartment with its own private entrance. The main home is described as a 5-bedroom, 3 full bath arrangement with multiple living areas and flexible room sizes, totaling approximately 2,276 sq ft of living space. Architectural details include a mansard-style roof, covered front porch, and original character. Interior finishes include hardwood and tile floors, with a walk-through kitchen and baseboard heat. The kitchens and baths are functional and offer room for updates.
Set on a 7,405 sq ft lot, the property includes a large private driveway with ample off-street parking, along with a spacious backyard and patio area. A detached structure and additional outdoor space provide extra utility. Utilities include public water and public sewer, with natural gas available.
Built in 1912, the home is on a quiet residential street and is described as minutes from downtown Ossining, shops, restaurants, parks, and the Hudson River waterfront, with easy access to Metro-North for commuting.
Set on a 7,405 sq ft lot, the property includes a large private driveway with ample off-street parking, along with a spacious backyard and patio area. A detached structure and additional outdoor space provide extra utility. Utilities include public water and public sewer, with natural gas available.
Built in 1912, the home is on a quiet residential street and is described as minutes from downtown Ossining, shops, restaurants, parks, and the Hudson River waterfront, with easy access to Metro-North for commuting.
Key Highlights
- Legal 2‑family duplex plus separate studio apartment with its own private entrance
- Approximately 2,276 sq ft of living space with a 5‑bedroom, 3 full bath layout
- 7,405 sq ft lot with a spacious backyard and patio area
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 | $67.7k | $29.76 |
| − Vacancy | −$4.4k | −$1.93 |
| EGI | $63.3k | $27.83 |
| − OpEx | −$19.0k | −$8.35 |
| NOI | $44.3k | $19.48 |
2,276 SF · lease $29.76/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$633.3K
$554.2K – $738.9K
NOI $44,332 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$557.7K
$488.0K – $650.6K
NOI $39,037 @ 7.0% cap · market cap 7.10%
Theoretical Best
Retail
$687.5K
$601.6K – $802.1K
NOI $48,125 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,259
Businesses Nearby
Explore this area
Business Placement
Demographics for 10562, NY
34,252
Population
12,745
Households
2.7
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
2,537
Density / Sq Mi
$113,069
Median Household Income
$53,499
Median Earnings
$2,118
Median Rent
$486,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family colonial home with separate studio apartment and private entrance, built in 1912 with hardwood floors and driveway parking.
Where is this duplex located?
The property is located at 41 Ellis Place Ossining, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Legal 2‑family duplex plus separate studio apartment with its own private entrance; Approximately 2,276 sq ft of living space with a 5‑bedroom, 3 full bath layout; 7,405 sq ft lot with a spacious backyard and patio area
