556 Westchester Avenue 2,Port Chester, NY 10573
Port Chester, NY 10573
Description
Two-Family Investment Opportunity - RYE BROOK property at PORT CHESTER prices!! This beautifully maintained two-family home in the highly desirable Rye Brook area offers a rare opportunity for both investors and owner-occupants. Currently generating over $5,200/month in rental income, with rents still below market value. This property presents immediate upside potential. A standout feature is the finished, currently VACANT walk-out basement, previously used as an in-law suite. The First floor tenants have just purchased a new home and will be moving out within the month.This space offers excellent flexibility and can be combined with the first-floor unit to achieve an estimated rental income of $4,200+ per month.The home features two well-appointed residential units, each with in-unit washer and dryer and hardwood floors throughout. The second-floor unit includes carpeting for added sound insulation. Highlights include: Strong Income + Value-Add Potential: Consistent cash flow with room for rent growthFlexible Layout: Ideal for investors, owner-occupants, or multi-generational livingPrime Location: Quiet, tree-lined street just minutes to Rye Ridge Shopping Center, downtown Port Chester, Rye, Greenwich, Metro-North, I-287 & I-95Ample Parking: Off-street parking for up to 6 vehiclesLower-Level Flex Space: Finished walk-out level with rec room, bath, and bonus room-perfect for extended living or recreationOutdoor Appeal: Beautifully landscaped property including Shed for extra storage.This is a rare opportunity to own a versatile, income-producing property in one of Westchester's most sought-after locations.Don't miss it! Residual Income , Increasing Equity and Long-Term Appreciation
Details
| MLS # | 1008396 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 163 |
| Listing Provided By | E Realty International Corp | Cosmo Iadanza |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,972 |
| Basement | Y |
| Units | 2 |
| Acreage | 0.17 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Forced Air |
| Interior Features | First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, In-Law Floorplan, Washer/Dryer Hookup |
Exterior
| Construction Materials | Vinyl Siding |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Alley Access, Attached, Driveway, Off Street, Private |
Utilities
| Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 734700 |
| Tax Annual Amount | 17319.91 |
Area Information
| State | NY |
|---|---|
| County | Westchester County |
| City | Port Chester |
| Zip Code | 10573 |
| School District | Port Chester Senior High School |
| Elementary School | Park Avenue School - Westchester |
| High School | Port Chester Senior High School |
| Listing VS Median (in 10573) | |
Price: $848,000 low | high Med: $692,000 sqft: 1,972 low | high Med: 1,300 $ / sqft: $430 low | high Med: $551 On site: 163 low | high Med: 55 | |
Market Activity 10573
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Learn More About This Property
| State | NY |
|---|---|
| County | Westchester County |
| City | Port Chester |
| Zip Code | 10573 |
| School District | Port Chester Senior High School |
| Elementary School | Park Avenue School - Westchester |
| High School | Port Chester Senior High School |
| Listing VS Median (in 10573) | |
Price: $848,000 low | high Med: $692,000 sqft: 1,972 low | high Med: 1,300 $ / sqft: $430 low | high Med: $551 On site: 163 low | high Med: 55 | |
