Lake Mohegan, NY Residential income properties for sale

$1,950,000

Multi-Use Property with New Restaurant

3432 Lexington Avenue, Mohegan Lake, NY 10547

Versatile property featuring a new restaurant and residential income units.

Brand new, fully installed restaurant space ready for immediate operation or customization.
Strong rental income from three residential units.
All residential units have separate electric meters.
Tenants are on month‑to‑month leases, providing flexibility.
Versatile multi‑use building suitable for investors or owner‑operators.

Updated: Apr 14

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Lakefront Multifamily Investment Opportunity

$4,250,000

4.36 Acres

Lakefront Multifamily Investment Opportunity

1860 E Main Street, Mohegan Lake, NY 10547

17-unit multifamily property with expansion potential on 4.36 acres.

Significant development potential: R‑3 zoning allows for expansion with 30 additional units
Strong in‑place cash flow: Current NOI of $216,064 supports acquisition financing
Lakefront property: Rare opportunity in Westchester County
High potential stabilized value: Projected NOI of $594,000 supports a total value of $7.9M–$8.5M at market capitalization rates
Substantial excess land: Situated on 4.36 acres

Updated: Sep 29, 2025

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Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Lake Mohegan, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

$699,000

3,377 SF

Putnam Valley Mixed-Use Investment

Mixed-use property with commercial restaurant and two residential units.

1 Oscawana Lake Rd, Putnam Valley, NY 10579

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Putnam Valley Mixed-Use Investment Property

$699,000

1,548 SF

Putnam Valley Mixed-Use Investment Property

Mixed-use property with commercial restaurant and two residential units.

1 Oscawana Lake Road, Putnam Valley, NY 10579

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$779,000

Peekskill Three-Family Corner Lot

Legal three-family property in Peekskill, ideal for investors/owner-occupants.

1619 Lincoln Ter, Peekskill, NY 10566

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$319,000

900 SF

New Condo with Modern Amenities

Modern 2 bed, 1 bath condo with complex amenities.

3 Woods End Circle A, Peekskill, NY 10566

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

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0.55 Acres

Land with Lake Rights

Half-acre lot with lake rights in Mohegan Lake, NY.

Sagamore Avenue, Mohegan Lake, NY 10547

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$500,000

43.55 Acres

43 Acres Development Opportunity

Prime land parcel in Yorktown, commuter-friendly access to NYC.

2950 Stony Street, Mohegan Lake, NY 10547

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$1,299,000

28.82 Acres

28.82 Acres Vacant Land

28.82 acres of vacant land for sale.

00 Lexington Ave, Lake Mohegan, NY 10567

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$1,299,000

28.82 Acres

28.82 Acres Vacant Land

Vacant land for sale in Cortland Manor-Mohegan Lake, NY.

00 Lexington Avenue, Mohegan Lake, NY 10567

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Lake Mohegan, NY Residential Income Properties Investment Opportunities Market Analysis

Explore 2 residential income properties for sale in Lake Mohegan, NY on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $6,200,000.

Sale prices for residential income properties in Lake Mohegan, NY start at $1,950,000, averaging $3,100,000, and reaching up to $4,250,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Lake Mohegan, NY Residential Income Properties for Sale

3432 Lexington Avenue, Mohegan Lake, NY 10547

1860 E Main Street, Mohegan Lake, NY 10547