New Listing
$1,100,000
 $5,905 est/mo Sourced by Back At You

124 Pelham Street,Mamaroneck, NY 10543

Mamaroneck, NY 10543

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Description

For the first time in 50 years, this well-maintained three-family home is ready for its next owner. Lovingly cared for by the same family for five decades, the property has been maintained with pride and offers the kind of turnkey setup that makes investing easy. All three apartments are fully rented, with leases already in place and a combined monthly rent of $7,150. The first and second-floor units each offer 2 bedrooms and 1 full bathroom, while the third unit is configured as a 1-bedroom but is being utilized as a 2-bedroom. One of the best features of the property is that every unit has its own private outdoor terrace, giving tenants something that is hard to find in a multifamily rental. Unit 1 and Unit 2 each have their own washer and dryer, while Unit 3 has washer/dryer hookups. Recent improvements include new windows throughout the entire home, a brand-new above-ground oil tank, a three-year-old hot water tank, and new garage doors. There is also a detached garage, offering additional storage or future income potential. And then there’s the location. Just half a mile from the Mamaroneck Metro-North station and Mamaroneck Avenue, tenants have easy access to transportation, restaurants, shops, and everything downtown Mamaroneck has to offer. With strong rental income, separate outdoor spaces for each apartment, long-term ownership history, recent updates, a detached garage, and tenants already in place, this is a property that is truly set up to cash flow from day one.

Details

MLS #1037417
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site4
Listing Provided ByJulia B Fee Sothebys Int. Rlty | Steven Weishaus

Features

Bed(s)5
Bath(s) 3 Total
SQ Feet3,807
Garage2
BasementY
Units3
Acreage0.11

Interior

CoolingWall/Window Unit(s)
HeatingOil
Interior FeaturesCeiling Fan(s), Eat-in Kitchen, Recessed Lighting, Washer/Dryer Hookup
Window FeaturesNew Windows

Exterior

Exterior FeaturesBalcony
Construction MaterialsAluminum Siding

Parking

Garage Yes / NoYes
Parking FeaturesDriveway, Garage

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
SewerPublic Sewer

Taxes

Tax Year2026
Tax Assessed Value704000
Tax Annual Amount15607

Area Information

StateNY
CountyWestchester County
CityMamaroneck
Zip Code10543
School DistrictMamaroneck High School
Elementary SchoolMamaroneck Avenue
High SchoolMamaroneck High School
Listing VS Median (in 10543)
Price:
$1,100,000
low | high
Med:
$360,000
100% of Average
sqft:
3,807
low | high
Med:
950
100% of Average
$ / sqft:
$289
low | high
Med:
$379
18.84976076555% of Average
On site:
4
low | high
Med:
19.5
20.512820512821% of Average
Sourced by Back At You

Market Activity 10543

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Learn More About This Property

StateNY
CountyWestchester County
CityMamaroneck
Zip Code10543
School DistrictMamaroneck High School
Elementary SchoolMamaroneck Avenue
High SchoolMamaroneck High School
Listing VS Median (in 10543)
Price:
$1,100,000
low | high
Med:
$360,000
100% of Average
sqft:
3,807
low | high
Med:
950
100% of Average
$ / sqft:
$289
low | high
Med:
$379
18.84976076555% of Average
On site:
4
low | high
Med:
19.5
20.512820512821% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $825K - $1.375M
sqft: 2,500 - 4,500
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124 Center Avenue Property Photo 1
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Listing Updated: August 22, 2026 at 1:44:38 PM PDT