Duplex with Three-Car
For Sale
$659,000
Pending
800 Oakwood Drive, Peekskill, NY 10566
MULTI_FAMILY - Colonial - Peekskill, NY
Property Size3,073 SF
Lot Size0.32 Acres
Days on Market57
Property Features for 800 Oakwood Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Basement, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 2
Parking features
Assigned, Garage, Driveway
Patio and Porch features
Porch, Deck, Patio
Interior features
First Floor Bedroom, First Floor Full Bath, Ceiling Fan(s), Eat-in Kitchen
Exterior features
Garden
Basement
Walk-Out Access, Partially Finished, Storage Space
Lot features
Corner Lot, Near Public Transit, Near School, Near Shops, Stone/ Brick Wall
Elementary school
Uriah Hill School
Middle school
Peekskill Middle School
High school
Peekskill High School
Elementary school district
Peekskill
Middle school district
Peekskill
High school district
Peekskill
Directions
North Division to Frost Lane, First left on Oakwood, first home on left
Standard status
Pending
APN
1200-023-014-00005-000-0005
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15235
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Oil
Water source
Public
Building Details
Year built
1925
Number of units
2
Flooring type
Combination, Carpet, Hardwood
Building materials
Frame, Stone
Architectural style
Colonial
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(914) 245-3400
Listed By:
Suzanne Welch
(914) 557-3760
Added: Jun 13
Changed: Aug 7
Last Checked: Aug 8 at 2:06PM
MLS# 1012536
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.
800 Oakwood Drive is a well-maintained two-family (duplex) Colonial home on a quiet, tree-lined Peekskill street. Each unit offers a spacious layout with two bedrooms and an additional generously sized room currently used for laundry and storage, which could serve as a third bedroom, home office, or other flex space. The home provides a solid foundation with opportunities for cosmetic updates and personal touches, plus first-floor convenience items including a first-floor bedroom and first-floor full bath. Interior features also include an eat-in kitchen, ceiling fans, and a mix of hardwood, carpet, and combination flooring.
The property totals 2,506 SF plus a 567 finished lower level. Outdoors, it includes a garden and patio and porch amenities such as a deck, porch, and patio. Construction is frame with stone, with oil baseboard heating and public water and public sewer. Parking includes a driveway, assigned spaces, and a rare three-car garage.
Built in 1925, the home sits on a 0.3177-acre lot and is currently occupied by long-term month-to-month residents who would like to stay.
The property totals 2,506 SF plus a 567 finished lower level. Outdoors, it includes a garden and patio and porch amenities such as a deck, porch, and patio. Construction is frame with stone, with oil baseboard heating and public water and public sewer. Parking includes a driveway, assigned spaces, and a rare three-car garage.
Built in 1925, the home sits on a 0.3177-acre lot and is currently occupied by long-term month-to-month residents who would like to stay.
Key Highlights
- 2,506 SF plus 567 finished lower level in a two‑family duplex
- Rare three‑car garage plus ample off‑street parking
- Each unit has two bedrooms plus an additional laundry/storage room
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
$59,856
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
9.08%
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%
$1,197,120
$1.2M
Cap Rate 7%
$855,086
$855.1K
Cap Rate 9%
$665,067
$665.1K
Market Conditions
NOI Build-Up for 3,073 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
$91.5K $29.76/SF
− Vacancy
−$5.9K −$1.93/SF
EGI
$85.5K $27.83/SF
− OpEx
−$25.7K −$8.35/SF
NOI
$59.9K $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 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%
$1,197,120
Cap Rate 7%
$855,086
Cap Rate 9%
$665,067
Alternative Uses
Best Use
Multifamily LT 5
$855.1K
$748.2K – $997.6K
NOI $59,856 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$753.0K
$658.8K – $878.5K
NOI $52,707 @ 7.0% cap · market cap 8.00%
Theoretical Best
Retail
$928.2K
$812.2K – $1.08M
NOI $64,977 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
483
Businesses Nearby
Explore this area
Business Placement
Demographics for 10566, NY
25,384
Population
11,752
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
86%
High-School Grad
4.3 sq mi
ZIP Area
5,903
Density / Sq Mi
$91,042
Median Household Income
$49,844
Median Earnings
$1,895
Median Rent
$376,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family Colonial home with two bedrooms per unit, a potential flex room, and a rare three-car garage.
Where is this duplex located?
The property is located at 800 Oakwood Drive Peekskill, NY.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 2,506 SF plus 567 finished lower level in a two‑family duplex; Rare three‑car garage plus ample off‑street parking; Each unit has two bedrooms plus an additional laundry/storage room
