Two-Residence Duplex with Garden
For Sale
$1,699,000
58 Young Avenue, Pelham, NY 10803
Residential Income, Pelham, NY
Property Size3,000 SF
Lot Size0.12 Acres
Price / SF$566.33
Days on Market12
Property Features for 58 Young Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Dining Room, Bathroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Basement, Bedroom 1
Parking
4
Parking features
Garage, Driveway
Patio and Porch features
Patio
Interior features
First Floor Bedroom, First Floor Full Bath, Crown Molding, Eat-in Kitchen, Formal Dining, Original Details, Storage, Walk-In Closet(s)
Fireplace
1
Basement
Storage Space, Walk-Out Access
Lot features
Garden, Landscaped, Near Public Transit, Near School, Near Shops
Elementary school
Colonial
Middle school
Pelham Middle School
High school
Pelham Memorial High School
Elementary school district
Pelham
Middle school district
Pelham
High school district
Pelham
Standard status
Active
APN
4403-164-037-00001-000-0024
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
32992
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Amenities
fireplaces
heated sunroom
garden patios
laundry area
Building Details
Year built
1920
Number of units
2
Flooring type
Hardwood
Additional Structures
Storage
Listing Agency:
Capital Realty NY LLC
Listed By:
Maurice Owen-Michaane · License #10491205580
(917) 842-5552
Added: Sep 24
Changed: Sep 26
Last Checked: Oct 5 at 7:06AM
MLS# 1054724
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 1920-built duplex in Pelham contains two residences with a combined five bedrooms and three full bathrooms. The first-floor unit has three bedrooms and two baths; the upper unit has two bedrooms and one bath, plus a heated sunroom. Interior staircases link the spaces, and the lower level includes laundry facilities for both households along with utility and storage areas. Hardwood flooring, four fireplaces, an integrated one-car garage, and driveway parking for three additional vehicles round out the property. The lot measures 0.1222 acres, with garden patios and mature landscaping outdoors.
The property is approximately 0.3 miles from the Pelham Metro-North station and downtown Pelham. The train ride to Grand Central is approximately 25 minutes. Public water and sewer serve the property. Improvements include updated electrical and plumbing systems, separate gas-heating systems, basement waterproofing, and hardscape and foundation repointing.
The property is approximately 0.3 miles from the Pelham Metro-North station and downtown Pelham. The train ride to Grand Central is approximately 25 minutes. Public water and sewer serve the property. Improvements include updated electrical and plumbing systems, separate gas-heating systems, basement waterproofing, and hardscape and foundation repointing.
Key Highlights
- Duplex with two residences, five bedrooms, and three full bathrooms
- First‑floor unit has three bedrooms and two full bathrooms; upper unit has two bedrooms and one full bathroom
- Approximately 0.3 miles from the Pelham Metro‑North station and downtown Pelham
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,434
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,168,680
$1.2M
Cap Rate 7%
$834,771
$834.8K
Cap Rate 9%
$649,267
$649.3K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$89.3K $29.76/SF
− Vacancy
−$5.8K −$1.93/SF
EGI
$83.5K $27.83/SF
− OpEx
−$25.0K −$8.35/SF
NOI
$58.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,168,680
Cap Rate 7%
$834,771
Cap Rate 9%
$649,267
Alternative Uses
Best Use
Multifamily LT 5
$834.8K
$730.4K – $973.9K
NOI $58,434 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$735.1K
$643.2K – $857.6K
NOI $51,455 @ 7.0% cap · market cap 3.03%
Theoretical Best
Retail
$906.2K
$792.9K – $1.06M
NOI $63,433 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,139
Businesses Nearby
Explore this area
Business Placement
Demographics for 10803, NY
13,255
Population
4,360
Households
3
Avg Household Size
40
Median Age
74%
College-Educated
97%
High-School Grad
2.2 sq mi
ZIP Area
6,025
Density / Sq Mi
$212,288
Median Household Income
$97,447
Median Earnings
$2,242
Median Rent
$961,300
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two connected residences offer flexible living arrangements, separate heating systems, private patios, and parking for four vehicles.
Where is this duplex located?
The property is located at 58 Young Avenue Pelham, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Duplex with two residences, five bedrooms, and three full bathrooms; First‑floor unit has three bedrooms and two full bathrooms; upper unit has two bedrooms and one full bathroom; Approximately 0.3 miles from the Pelham Metro‑North station and downtown Pelham
