Active

926 Lester Avenue

Mamaroneck, NY 10543
Mark as Favorite
Bed --

Bed

Bath 0

Bath

Acres0.12

Acre(Lot)

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 two 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 laundry in the unit, 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 two 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 per month, or $69,600 annually, with longtime tenants in place (approximately 20 years) at below market rents, providing immediate, reliable cash flow with clear room to grow. At the $949,000 asking price, it produces a 4.93% 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 and 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.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $949,000

AD Id : 90034050

MLS Id : 1042676

Lot Size : 0.12 Acre

Year Built : 1960

County : Westchester

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Room Information

    Basement: Unfinished
  • Interior Features

    Master Downstairs, Storage
  • Heating & Cooling

    Has Heating: Yes Heating: Baseboard Has Cooling: Yes Cooling: Wall/Window Unit(s)

  • Building Information

    Year Built: 1960 Building Area Total: 2910 Construction Materials: Frame Private Pool: No

  • Lot Information

    Lot Size Acres: 0.1169 Lot Size Square Feet: 5092

  • Listing Price Information

    Listing Price: $949000

  • Tax Information

    Parcel Number: 3203-008-000-00020-000-0335 Annual Tax: $17185.53

  • Parking Information

    Attached

    Garage Information

    Has Attached Garage: Yes

  • School Information

    Elementary School: Mamaroneck Avenue
    Junior High School: Hommocks School
    Senior High School: Mamaroneck High School
  • Location Information

    WaterSource: Public
Sell a home like this and save $56,441 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
903 Howard Avenue, Mamaroneck, NY, 10543 $800,000 4 2 --
912 Lester Avenue, Mamaroneck, NY, 10543 $998,000 -- -- --
678 Mamaroneck Avenue, Mamaroneck, NY, 10543 $1,525,000 9 5 --
124 Pelham Street, Mamaroneck, NY, 10543 $1,100,000 5 3 --

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 08/28/2026 @ 19:04

MLS: 1042676 LISTED BY: Lindsay Rothman, Compass Greater NY LLC 914-327-2777 SOURCE: OneKey MLS

Homes around $949,000

Selling? Save $56,441 when you sell a home like this

Tour with a ByOwner Agent