REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Dwell Snap Team

info@dwellsnap.com +1(860) 306-9136

$ 949,000

Est. payment -/mo

Save

New

926 Lester AVE Mamaroneck, NY 10543

5,092 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1037902

Rental Info No

Year Built 1960

Annual Tax Amount $17,185

Lot Size 5,092 Sqft

Acres 0.1169

Property Sub-Type Multi Family

Source onekey2

Property Description

Exceptional investment opportunity in the heart of Mamaroneck. Set on a quiet dead-end street within walking distance of the Metro-North train station, this legal 2-family home offers approximately 2,900 square feet of living space and delivers steady income with real upside. Both units offer three spacious bedrooms. The first-floor unit features 1.5 baths, a fireplaced living room, a large eat-in kitchen with in-unit laundry, an enclosed porch, and access to the deck and yard. The second-floor unit offers 1 bath, a private separate side entrance, and generous living space. A full basement and built-in 2-car garage round out the package.

Beyond the primary living space, an additional approximately 296 square feet offers strong potential to be finished and utilized for added income — an opportunity to expand the property's value and returns over time.

The property currently generates $5,800/month — $69,600 annually — with long-term tenants in place (approximately 20 years) at below-market rents, providing immediate, reliable cash flow with clear room to grow. At the $975,000 asking price, it produces a 4.80% cap rate on $46,800 of net operating income, with additional value to be unlocked through future rent adjustments and property improvements.

An unbeatable commuter location: walk to the train, downtown restaurants, shopping, and Harbor Island Park & Beach, with quick, convenient access to I-95. Collect rent as a turnkey investment, or occupy one unit and let the other help pay the mortgage. A rare offering in "the friendly village" of Mamaroneck.

Location

State NY

County Westchester County

Rooms

Basement Unfinished

Interior

Heating Baseboard

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Microwave, Refrigerator

Exterior

Parking Features Attached

Utilities Available Trash Collection Public

Building

Sewer Public Sewer

Water Public

Structure Type Frame

Schools

Elementary Schools Mamaroneck Avenue

Middle Schools Hommocks School

High Schools Mamaroneck

School District Mamaroneck

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Compass Greater NY LLC • Lindsay Rothman

NEARBY SCHOOL & BUSINESS

Dwell Snap Team

Agent | License ID: 10401320877

+1(860) 306-9136

GET MORE INFORMATION

QUICK SEARCH SALES

There are 17 quick searches