Duplex with Covered Front
552 Willett Avenue, Portchester, NY 10573
For Sale
New
Contact for pricing
The two apartments offer distinct one- and two-bedroom layouts.
Property Size1,237 SF
Days on Market5
Property Features for 552 Willett Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Road Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
covered front porch
full basement
yard
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Prestige Properties
Listed By:
Daniel Berger · License #10491208765
(914) 565-0665
Source:
Totallywestchester
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 8 at 3:36PM
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 RE/MAX Prestige Properties
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Investment Insights
Based on property information with market context.
Built in 1905, this duplex contains two apartments: one with 1 bedroom and 1 bathroom, and another with 2 bedrooms and 1 bathroom. A covered front porch, gabled roof, and yard are among its exterior features. The full basement provides storage and access to utilities.
The property is on Willett Avenue in Port Chester, with downtown, restaurants, shops, entertainment, parks, schools, and Metro-North service nearby. The train service connects with New York City.
The property is on Willett Avenue in Port Chester, with downtown, restaurants, shops, entertainment, parks, schools, and Metro-North service nearby. The train service connects with New York City.
Key Highlights
- Two apartments: one 1‑bedroom/1‑bathroom unit and one 2‑bedroom/1‑bathroom unit
- Built in 1905
- Full basement with storage and utility access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,094
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,880
$481.9K
Cap Rate 7%
$344,200
$344.2K
Cap Rate 9%
$267,711
$267.7K
Market Conditions
NOI Build-Up for 1,237 SF
Gross rent
$36.8K $29.76/SF
− Vacancy
−$2.4K −$1.93/SF
EGI
$34.4K $27.83/SF
− OpEx
−$10.3K −$8.35/SF
NOI
$24.1K $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%
$481,880
Cap Rate 7%
$344,200
Cap Rate 9%
$267,711
Alternative Uses
Best Use
Multifamily LT 5
$344.2K
$301.2K – $401.6K
NOI $24,094 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$303.1K
$265.2K – $353.6K
NOI $21,217 @ 7.0% cap · market cap 3.48%
Theoretical Best
Specialty Retail
$817.9K
$715.6K – $954.2K
NOI $57,251 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 10573, NY
41,758
Population
14,592
Households
2.9
Avg Household Size
39
Median Age
44%
College-Educated
83%
High-School Grad
5.5 sq mi
ZIP Area
7,592
Density / Sq Mi
$110,612
Median Household Income
$48,263
Median Earnings
$1,940
Median Rent
$649,900
Median Home Value
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Market
Properties on Market for Duplexes in Portchester
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two apartments offer distinct one- and two-bedroom layouts.
Where is this duplex located?
The property is located at 552 Willett Avenue Portchester, NY.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: Two apartments: one 1‑bedroom/1‑bathroom unit and one 2‑bedroom/1‑bathroom unit; Built in 1905; Full basement with storage and utility access
