926 Lester Avenue, Mamaroneck, NY 10543
Local realty services provided by:Better Homes and Gardens Real Estate Realty Connect
926 Lester Avenue,Mamaroneck, NY 10543
$949,000
- - Beds
- - Baths
- 2,910 sq. ft.
- Multi-family
- Active
Listed by: lindsay rothman
Office: compass greater ny llc.
MLS#:1042676
Source:OneKey MLS
Price summary
- Price:$949,000
- Price per sq. ft.:$326.12
About this home
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....
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Home facts
- Year built:1960
- Listing ID #:1042676
- Added:18 day(s) ago
- Updated:August 28, 2026 at 03:28 PM
Rooms and interior
- Bedroom Description:First Floor Bedroom, Master Downstairs
- Basement:Yes
- Basement Description:Unfinished
- Living area:2,910 sq. ft.
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1960
- Building area:2,910 sq. ft.
- Lot area:0.12 Acres
- Construction Materials:Frame
Schools
- High school:Mamaroneck High School
- Middle school:Hommocks School
- Elementary school:Mamaroneck Avenue
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$949,000
- Price per sq. ft.:$326.12
- Tax amount:$17,186 (2025)
Features and amenities
- Laundry features:Washer/Dryer Hookup
- Amenities:Storage
Parking
- Parking description:Attached
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