664-666 N Division St, Peekskill, NY 10566

This quadruplex in Peekskill offers immediate income and long-term upside. The property showcases Colonial Revival architecture with a symmetrical façade and warm shutters. It is configured as four distinct units: one 4-bedroom apartment, two 2-bedroom units, and one 1-bedroom apartment. The property is partially stabilized with two month-to-month tenants. Two vacant units create immediate value-add potential. One of the 2-bedroom units has been fully renovated. Each apartment benefits from separate electric meters, private entrances, and dedicated parking. Significant capital improvements have already been completed, including a brand-new heating system and oil tank. The outdoor space includes a generous backyard with a flagstone patio and built-in stone BBQ area. The property is a 5-minute drive or 28-minute walk to the Peekskill Train Station and waterfront, and a 10-minute walk to downtown Peekskill’s restaurants, coffee shops, and local retail. The location offers a convenient commute to New York City. This property offers multiple income streams, built-in upside, and lifestyle appeal. It is a strategic investment in a high-demand, transit-oriented market. The property delivers cash flow, flexibility, and future growth potential. The property is very walkable (walk score 73) and somewhat bikeable (bike score 27) and has some transit options (transit score 29).