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20 Melnick Place

Lake Peekskill, NY 10537

$549,000 $2,314/Mo

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Overview

Bed

Bath

0.18

Acre(Lot)

Description

Rare opportunity to own a turn key legal two-family home in the highly sought-after Putnam Valley School District! Whether you’re an investor looking for strong cash flow or an owner-occupant hoping to offset your mortgage with rental income, this property offers exceptional flexibility and value. Currently generating approximately $5,000 per month in rental income, this is a unique investment opportunity in an area where legal two-family homes are rarely available. Both 1 bedroom units have been completely renovated and lives like a 2-bedroom, 1-bath apartment with updated finishes throughout. The property features plenty of off-street parking, a large backyard, and the added privacy of having no neighbors directly behind the home. Enjoy lake rights to beautiful Lake Peekskill while bei ng conveniently located near shopping, parks, and commuter routes. Whether you are looking to expand your portfolio or create the perfect owner-occupied setup, 20 Melnick Place offers an incredible combination of income potential, privacy, and location within the desirable Putnam Valley School District.

Property Details

Property Type : Residential Income

Price : $549,000

AD Id : 78486955

MLS Id : 999121

Beds : 4

Lot Size : 0.18 Acre

Year Built : 1950

County : Putnam

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Bathroom Information

Total Baths: 2 Full Baths: 2

Room Information

Basement: Unfinished
Heating & Cooling

Has Heating: Yes Heating: Electric Has Cooling: Yes Cooling: Varies by Unit

Building Information

Year Built: 1950 Building Area Total: 1387 Construction Materials: Vinyl Siding Private Pool: No Water front Features: Waterfront Access

Lot Information

Lot Size Acres: 0.1803 Lot Size Square Feet: 7854

Listing Price Information

Listing Price: $549000

Tax Information

Parcel Number: 372800-091-026-0001-054-000-0000 Annual Tax: $13046.53

Parking Information

Driveway

School Information

Elementary School: Putnam Valley Elementary School

Junior High School: Putnam Valley Middle School

Senior High School: Putnam Valley High School
Utility Information

Cable Available, Electricity Connected, Propane
Location Information

WaterSource: Private, Well

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
37 Argyle Street, Lake Peekskill, NY, 10537	$469,000	4	2	--

The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/06/2026 @ 12:07

MLS: 999121 LISTED BY: Justin Tompkins, Tompkins Realty 914-265-6699 SOURCE: OneKey MLS