Steve Loverde
Steve Loverde
MLS#1027388
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLHarrison
Property Description
Fully leased triplex in the heart of Harrison generating around a 7% cap rate, with immediate value-add upside. Current monthly rent roll totals $12,950 with low annual expenses of $35,757, producing a net operating income of $153,808. Unit Breakdown: 4BR/1BA: $4,950/month 3BR/1BA: $4,300/month 2BR/2BA: $3,700/month All tenants pay electric and gas (except for the 2BR unit, where the landlord covers utilities). 1st floor unit includes in-unit laundry. A large 2-car garage, not currently used by tenants, offers a clear opportunity to add $750-$1,000/month in storage income, increasing the cap rate to nearly 8%. Rents may also be below market value and can be raised over time as leases roll over. Located at the end of a quiet no outlet street with a short commute to Metro-North, shops, and Harrison schools. This property offers long-term rental stability in an extremely desirable area! Fully occupied, and primed for even stronger future returns. New above ground 330 gallon oil tank, roof is 10 years old.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Cooling: Multi Units, Wall/Window Unit(s)
Garage: 2
Heating: Baseboard, Oil
Home Style: Colonial, Contemporary
Lot Size: 0.13 Acres
Taxes: $20,959
Year Built: 1928
Amenities
First Floor Bedroom
First Floor Full Bath
Feature Descriptions
Attic: Stairs, Walkup
Building Area Total: 3415
Cap Rate: 7
Exterior: Frame, Stone, Stucco
Flooring: Carpet, Hardwood
Fuel Expense: 6000
GarageY/N: Yes
Heating Units: 1
Heating Zones: 2
Included In Taxes: Sewer, Trash
Inclusions: 3 Refrigerators, 3 ranges/ovens, 3 dishwashers, washer/dryer
Laundry: In Unit
Lot Features: Corner Lot, Cul-De-Sac, Landscaped, Near Public Transit, Near Shops, Sloped
On Market Date: 2026-08-11
Parcel Number: 2801-000-043-00000-000-0008
Parking Features: Driveway, Garage
Parking Total: 6
Rental Term: Monthly
Security Features: Smoke Detector(s)
Separate Electric Meters: 3
Separate Gas Meters: 3
Sewer: Public Sewer
Special View Info: Neighborhood, Trees/Woods
Tenant Pays: Electricity, Gas
Units: 3
Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Water: Public
Window Features: Screens
Local Schools
High School: Harrison High School
Middle School: Louis M Klein Middle School
Elementary School: Parsons Memorial
School District: Harrison
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Estimated Payment
$ 5,771.64 per month $3,558.68 Principal & Interest $1,746.58 Property Tax $466.38 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Houlihan Lawrence Inc.
Agency Contact: 914-591-2700
Shown By
Agent Name: Steve Loverde
Agent Phone:
Agency Title: Laffey Real Estate
25 Fremont Street | MLS# 1027388
This multi-family property located at 25 Fremont Street , Harrison, NY 10528 is currently listed for sale with an asking price of $1,599,000. Fremont Street is located within the Harrison school district. Search Harrison real estate on steveloverde.laffey.com today.