592 Long Pond Road, Mahopac, NY 10541
Local realty services provided by:CENTURY 21 New West Properties
Listed by: michael a. tarallo
Office: giner real estate inc.
MLS#:990295
Source:OneKey MLS
Price summary
- Price:$875,000
- Price per sq. ft.:$422.3
About this home
ATTENTION: OWNER-OCCUPANTS AND PROPERTY INVESTORS ALIKE! Rarely does a LEGAL THREE-FAMILY PROPERTY offering this level of flexibility, income potential, and future upside become available in Mahopac. Whether you're looking to house-hack and offset your housing expenses by living in one unit while collecting rental income from the others, create a multigenerational living arrangement, or add a strong-performing asset to your investment portfolio, 592 Long Pond Road presents a unique opportunity. Based upon current operations, the property is producing an approximate 6% cap rate with below-market-value rents, offering investors immediate cash flow as well as future upside potential.
Situated on a level and easy-to-maintain three-quarter-acre corner lot, this well-maintained compound consists of two separate buildings featuring three legal residential units, a detached two-car garage generating separate rental income, an in-ground swimming pool, private well, two septic systems, ample off-street parking, and additional storage opportunities.
The main building contains two spacious two-bedroom apartments, while the detached garage building features a one-bedroom apartment above. Two of the residential units are currently occupied by month-to-month tenants, while one apartment will be delivered vacant, creating a unique opportunity for an owner-occupant or providing the ability to lease the unit at current market rental rates.
The property has been well maintained and offers multiple income streams through the residential apartments and separate garage rental. The in-ground swimming pool was fully operational during its last season of use and further enhances the property's long-term appeal and value.
Conveniently located near shopping, restaurants, recreation, schools, and major commuter routes, this is a rare opportunity to acquire a LEGAL THREE-FAMILY COMPOUND that successfully combines owner-occupant appeal, investment performance, and future flexibility in one complete package.
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Home facts
- Year built:1955
- Listing ID #:990295
- Added:94 day(s) ago
- Updated:September 25, 2026 at 10:23 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:4
- Basement:Yes
- Basement Description:Crawl Space
- Living area:2,072 sq. ft.
Heating and cooling
- Heating:Oil
Structure and exterior
- Year built:1955
- Building area:2,072 sq. ft.
- Lot area:0.74 Acres
- Architectural Style:Mini Estate
- Construction Materials:Frame
Schools
- High school:Mahopac High School
- Middle school:Mahopac Middle School
- Elementary school:Austin Road Elementary School
Utilities
- Water:Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$875,000
- Price per sq. ft.:$422.3
- Tax amount:$17,320 (2025)
Features and amenities
- Amenities:Open Floorplan
- Pool features:In Ground
Parking
- Total parking spaces:10
- Parking description:Detached, Driveway, Garage, Off Street, Parking Lot
- Garage:Yes
- Garage spaces:2
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