Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
5,985 SF
Site
0.68 acres
Price / SF
$292
NOI
$166,410
Year built
1911
Zoning
R
Stories
2
The offering
Calling all investors! An incredible opportunity to own one of the most well maintained 6-unit buildings in Southern Mahopac, just over the Westchester County border. Surrounded by single-family homes on a quiet, walkable street, this property offers a unique residential feel. A peaceful wraparound porch with individual entrances, along with additional private entrances, gives residents the feeling of having their own space. The building features two 1-bedroom units, three 2-bedroom units, and one 3-bedroom unit (with laundry), with each unit also having its own dedicated storage area in the basement and shed access. All six units are currently occupied—no vacancies. The building is home to amazing, TIDY, long-standing working professionals who have consistently taken GREAT care of their space. Rents have intentionally been maintained at fair rates (some below market-value) in recognition of the cleanliness, reliability, and consistency of these excellent long-term tenants, offering an investor incredible and safe stability at the current NOI ($118,907). With operating expenses under $50,000 annually and current rental income of $166,410, this is a fantastic opportunity for an investor looking for a seamless transition into a well-maintained property with great tenants and no immediate repairs needed.
Building & site
Interest conveyedFee simple
Gross building area5,985 SF
Building typeMulti Family
Property typeMulti Family
Year built1911
Stories2
Land area0.68 acres
Land area, SF29,480 SF
WaterWell
SewerSeptic Tank
HeatElectric
Tax parcel37200075.17-1-24
Number of buildings1
Parking spaces13
Electric utilityNYSEG
Zoning & permitted uses
District
R
Permitted uses are governed by the Carmel zoning code and should be confirmed with the municipality. Ask a broker for the district summary.
Income & tenancy
Gross income (as reported)
$166,410
Lease terms are summarized from the executed lease and should be independently verified against the document, which is available under confidentiality agreement along with the rent roll and operating statements. Income shown is gross as reported by the listing broker, not verified against an operating statement.
Aerial imagery
The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.
Location, access & trade area
Trade area
Measure
Carmel
Putnam County
Population
33,837
98,409
Daytime population
27,007
81,184
Population density
831 / sq mi
427 / sq mi
Households
12,046
36,404
Median household income
$131,835
$121,485
Mean travel time to work
41 min
40 min
Median home value
$495,100
$531,600
Median gross rent
$1,683
$1,505
Unemployment (May 2026)
3.3%
Not stated
School districts
Brewster, Carmel, Lakeland, Mahopac, North Salem, Putnam Valley
Municipal and county figures from the US Census American Community Survey (2024 5-year) and the Bureau of Labor Statistics. These are jurisdiction totals, not radius rings; ask a broker for a drive-time or radius study on a specific site.
Taxes & assessment
2025 taxes
$21,188
Assessed value
$777,000
Land assessment
$101,900
Full market value
$777,000
Owner of record
Mahopac RAD Realty Corp
School district
Mahopac
Property class
411 · Convrted apt
Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.