Triplex with 7
46 Glen Rd, Eastchester, NY 10709
For Sale
$1,859,888
Income-producing triplex with in-unit laundry, central air, and radiant heated floors across three residential units.
Property Size4,800 SF
Lot Size10,000.00 Acres
Price / SF$387.48
Days on Market145
Property Features for 46 Glen Rd
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Business Included
Highway Access
Multifamily Units
Building Details
Year Built
Tenancy
Listing Agency:
Lombardo Homes & Estates
Listed By:
Joseph V. Lombardo · License NY #10311204851
(855) 919-0222
Source:
Skinnercnyrealty
Added: Jun 23
Changed: Nov 11
Last Checked: Nov 12 at 10:18AM
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 Lombardo Homes & Estates
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Investment Insights
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Built in 1993, this triplex offers a total of 7 bedrooms and 5 full bathrooms. The interior features granite countertops and flooring, vaulted and cathedral ceilings, open kitchens with granite counters and modern appliances, and in-unit laundry. Additional comfort includes central air conditioning, fireplaces and ceiling fans, and full bathrooms with whirlpool tubs and separate showers, along with radiant heated floors that are partially heated granite. A finished basement adds extra living space. Outside, the property includes a stucco and brick exterior, an attached garage with multiple parking spaces, and a large private backyard with a patio, with city views from select areas.
Located at 46 Glen Rd in Eastchester, the home is within walking distance to the Crestwood Metro-North train station and close to shops, restaurants, supermarkets, and parks. Mobility scores show it as very walkable (walk score 76) with somewhat bikeable access (bike score 45) and moderate transit (transit score 33). Nearby schools include Anne Hutchinson Elementary, Eastchester Middle School, and Eastchester High School, with easy access to major highways.
Designed for owners and investors, the property is currently generating $11,800+ in total monthly income. The first-floor 1-bedroom unit is paying $1,500 per month and is described as easily rentable up to $2,500 per month. The second-floor 3-bedroom, 2-bath unit is listed at $5,900 per month on a 1–3 year lease, and the third-floor 3-bedroom, 2-bath unit is listed at $4,400 per month on a 3-year lease. A multi-unit layout like this can also suit an owner-occupant seeking rental income from the remaining units.
Located at 46 Glen Rd in Eastchester, the home is within walking distance to the Crestwood Metro-North train station and close to shops, restaurants, supermarkets, and parks. Mobility scores show it as very walkable (walk score 76) with somewhat bikeable access (bike score 45) and moderate transit (transit score 33). Nearby schools include Anne Hutchinson Elementary, Eastchester Middle School, and Eastchester High School, with easy access to major highways.
Designed for owners and investors, the property is currently generating $11,800+ in total monthly income. The first-floor 1-bedroom unit is paying $1,500 per month and is described as easily rentable up to $2,500 per month. The second-floor 3-bedroom, 2-bath unit is listed at $5,900 per month on a 1–3 year lease, and the third-floor 3-bedroom, 2-bath unit is listed at $4,400 per month on a 3-year lease. A multi-unit layout like this can also suit an owner-occupant seeking rental income from the remaining units.
Key Highlights
- Income‑producing triplex with 7 bedrooms, 5 full bathrooms, and approx. 4,800 SF on a approx. 10,000 SF lot
- Current total monthly income: $11,800+; first‑floor 1‑bedroom at $1,500/month (can rent up to $2,500/month)
- Second‑floor 3‑bedroom, 2‑bath rented at $5,900/month on a 1–3 year lease; third‑floor 3‑bedroom, 2‑bath at $4,400/month on a 3‑year lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,149
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,322,980
$2.3M
Cap Rate 7%
$1,659,271
$1.7M
Cap Rate 9%
$1,290,544
$1.3M
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$181.4K $37.80/SF
− Vacancy
−$15.5K −$3.23/SF
EGI
$165.9K $34.57/SF
− OpEx
−$49.8K −$10.37/SF
NOI
$116.1K $24.20/SF
Area
Yonkers, NY
Vacancy
8.55%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,322,980
Cap Rate 7%
$1,659,271
Cap Rate 9%
$1,290,544
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.45M – $1.94M
NOI $116,149 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.78M
NOI $106,667 @ 7.0% cap · market cap 5.74%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
7
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,446
Businesses Nearby
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Business Placement
Demographics for 10709, NY
10,131
Population
3,897
Households
2.6
Avg Household Size
44
Median Age
68%
College-Educated
94%
High-School Grad
1.6 sq mi
ZIP Area
6,332
Density / Sq Mi
$175,424
Median Household Income
$87,577
Median Earnings
$1,955
Median Rent
$844,000
Median Home Value
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Market
Properties on Market for Triplexes in Westchester County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Income-producing triplex with in-unit laundry, central air, and radiant heated floors across three residential units.
Where is this triplex located?
The property is located at 46 Glen Rd Eastchester, NY.
What is the asking price?
The asking price for this property is $1,859,888.
What are key features of this property?
This property features: Income‑producing triplex with 7 bedrooms, 5 full bathrooms, and approx. 4,800 SF on a approx. 10,000 SF lot; Current total monthly income: $11,800+; first‑floor 1‑bedroom at $1,500/month (can rent up to $2,500/month); Second‑floor 3‑bedroom, 2‑bath rented at $5,900/month on a 1–3 year lease; third‑floor 3‑bedroom, 2‑bath at $4,400/month on a 3‑year lease
