926 Lester Avenue, Mamaroneck, NY 10543
Local realty services provided by:CENTURY 21 Ed & Margaret Williams Realty
926 Lester Avenue,Mamaroneck, NY 10543
$949,000
- 6 Beds
- 3 Baths
- - sq. ft.
- Single family
- Coming Soon
Listed by: lindsay rothman
Office: compass greater ny llc.
MLS#:1014782
Source:OneKey MLS
Price summary
- Price:$949,000
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 2-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 in-unit laundry, 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 2-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/month — $69,600 annually — with long-term tenants in place (approximately 20 years) at below-market rents, providing immediate, reliable cash flow with clear room to grow. At the $975,000 asking price, it produces a 4.80% 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 & 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 #:1014782
- Updated:August 10, 2026 at 05:52 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Rooms Total:10
- Dining Description:Eat-In Kitchen
- Kitchen Description:Dishwasher, Eat-in Kitchen, Microwave, Range, Refrigerator
- Basement:Yes
- Basement Description:Unfinished
Heating and cooling
- Heating:Baseboard
Structure and exterior
- Year built:1960
- Architectural Style:Cape Cod
- 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
- Tax amount:$17,186 (2025)
Features and amenities
- Appliances:Dishwasher, Dryer, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Washer
Parking
- Parking description:Attached
- Garage:Yes
- Garage spaces:1
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