Map
Listed price in listed location currency (USD).
$875,000

5410

MLS® 990295

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage Yes
Taxes $17,320
Days Active 5
Lot Size 0.74 Acres
Approx. Age 1955
MLS® Number 990295

Property Address: 592 Long Pond Rd, Mahopac, NY, 10541-2915

Average square foot calculated using Size range provided by listing agent.

Description

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. Let's start the conversation!
MLS® Number990295
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1955
BasementCrawl Space
DrivewayDetached, Driveway, Garage, Off Street, Parking Lot
Garage Spaces
HeatOil
A/CNone

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 23, 2026List Date
$875,000List Price
  • Commute

Commute

Starting Address
Destination Address
592 Long Pond Rd, Mahopac, NY

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