314 S 5th Ave, Mount Vernon, NY 10550

Mount Vernon
Local realty services provided by:Better Homes and Gardens Real Estate Dream Properties
314 S 5th Ave,Mount Vernon, NY 10550
$1,249,500
  • 7 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jaswinder rehal
Office: exp realty
MLS#:987284
Source:OneKey MLS

Price summary

  • Price:$1,249,500

About this home

Great Opportunity to Own a Fully Rented Mixed-Use Property! This income-producing property generates approximately $8,800/month, offering a strong and consistent return. The property features residential apartment(s), along with separately rented parking spaces and a garage generating an additional $1,100/month. Three recently vacated parking spaces offer further upside at $125/month each, creating multiple streams of income and immediate value-add potential. Situated on two lots, this property presents a rare opportunity for future development, expansion, or added value (buyer to verify with township). The building has been well maintained with numerous updates, including an updated basement and exterior, a new tankless water heater, and renovated apartment interiors featuring modern kitchens and updated flooring throughout. Ideal for investors seeking a turnkey property with reliable cash flow and long term upside.

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Home facts

  • Year built:1960
  • Listing ID #:987284
  • Added:49 day(s) ago
  • Updated:June 09, 2026 at 10:49 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4
  • Bedroom Description:First Floor Bedroom
  • Basement:Yes
  • Basement Description:Finished

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1960
  • Construction Materials:Foam Insulation, Stucco

Schools

  • High school:Mt Vernon High School
  • Middle school:Benjamin Turner Middle School
  • Elementary school:Cecil H Parker School

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,249,500
  • Tax amount:$21,000 (2025)

Parking

  • Parking description:Parking Lot
  • Garage:Yes
  • Garage spaces:2
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