Two-Family Colonial
For Sale
$795,000
45 Elm Street, Mount Vernon, NY 10550
Flexible multifamily layout with finished attic, finished basement, fenced yard, and private driveway parking.
Property Size1,944 SF
Price / SF$408.95
Days on Market50
Property Features for 45 Elm Street
General Information
Standard status
Active
Size
1,944 SF
Property subtype
Duplex
Site & Location
Neighborhood
West Mount Vernon
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$16,843
Amenities
covered front porch
covered rear patio
fenced yard
Building Details
Building Size
1,944 SF
Year Built
1908
Buildings
1
Construction
Colonial
Listing Agency:
Luxian International Realty
Listed By:
Brian Butler
(716) 801-0410
Source:
Shawmetro
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 28 at 5:30PM
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 Luxian International Realty
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Investment Insights
Based on property information with market context.
Built in 1908, this two-family Colonial provides approximately 1,944 square feet of above-grade space across two residential units. The property includes five bedrooms and three full bathrooms, with living areas and eat-in kitchens serving each unit. A finished attic adds usable interior space, while the full finished basement contributes approximately 736 square feet for recreation and storage.
Exterior features include a covered front porch, covered rear patio, fenced yard, and private driveway with parking for multiple vehicles. The property is located near shopping, schools, public transportation, and major roadways in Mount Vernon, NY.
Exterior features include a covered front porch, covered rear patio, fenced yard, and private driveway with parking for multiple vehicles. The property is located near shopping, schools, public transportation, and major roadways in Mount Vernon, NY.
Key Highlights
- Two residential units with 5 bedrooms and 3 full bathrooms
- Approximately 1,944 square feet of above‑grade living space
- Full finished basement with approximately 736 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,865
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$757,300
$757.3K
Cap Rate 7%
$540,929
$540.9K
Cap Rate 9%
$420,722
$420.7K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$57.9K $29.76/SF
− Vacancy
−$3.8K −$1.93/SF
EGI
$54.1K $27.83/SF
− OpEx
−$16.2K −$8.35/SF
NOI
$37.9K $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%
$757,300
Cap Rate 7%
$540,929
Cap Rate 9%
$420,722
Alternative Uses
Best Use
Multifamily LT 5
$540.9K
$473.3K – $631.1K
NOI $37,865 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$476.3K
$416.8K – $555.7K
NOI $33,343 @ 7.0% cap · market cap 4.19%
Theoretical Best
Retail
$587.2K
$513.8K – $685.1K
NOI $41,105 @ 7.0% cap · market cap 5.17%
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
2,685
Businesses Nearby
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Business Placement
Demographics for 10550, NY
41,137
Population
16,865
Households
2.4
Avg Household Size
38
Median Age
23%
College-Educated
82%
High-School Grad
2.0 sq mi
ZIP Area
20,569
Density / Sq Mi
$56,903
Median Household Income
$43,733
Median Earnings
$1,451
Median Rent
$482,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Flexible multifamily layout with finished attic, finished basement, fenced yard, and private driveway parking.
Where is this duplex located?
The property is located at 45 Elm Street Mount Vernon, NY.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Two residential units with 5 bedrooms and 3 full bathrooms; Approximately 1,944 square feet of above‑grade living space; Full finished basement with approximately 736 square feet
