BEDS4
BATHS2 full
MLS#999121
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLPutnam Valley
Property Description
Rare opportunity to own a turn key legal two-family home in the highly sought-after Putnam Valley School District! Whether you're an investor looking for strong cash flow or an owner-occupant hoping to offset your mortgage with rental income, this property offers exceptional flexibility and value. Currently generating approximately $5,000 per month in rental income, this is a unique investment opportunity in an area where legal two-family homes are rarely available.Both 1 bedroom units have been completely renovated and lives like a 2-bedroom, 1-bath apartment with updated finishes throughout. The property features plenty of off-street parking, a large backyard, and the added privacy of having no neighbors directly behind the home.Enjoy lake rights to beautiful Lake Peekskill while being conveniently located near shopping, parks, and commuter routes. Whether you are looking to expand your portfolio or create the perfect owner-occupied setup, 20 Melnick Place offers an incredible combination of income potential, privacy, and location within the desirable Putnam Valley School District.
Property Features
Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Cooling: Varies by Unit
Heating: Electric
Lot Size: 0.18 Acres
Taxes: $13,046
Year Built: 1950
Amenities
First Floor Bedroom
First Floor Full Bath
Feature Descriptions
Attic: Partial
Building Area Total: 1387
Days on Site: 1
Exterior: Vinyl Siding
On Market Date: 2026-05-15
Parcel Number: 372800-091-026-0001-054-000-0000
Parking Features: Driveway
Rental Term: Monthly
Separate Electric Meters: 2
Sewer: Septic Tank
Tenant Pays: All Utilities
Units: 2
Utilities: Cable Available, Electricity Connected, Propane
Water: Well
Local Schools
High School: Putnam Valley High School
Middle School: Putnam Valley Middle School
Elementary School: Putnam Valley Elementary School
School District: Putnam Valley
Estimate Your Payment
Estimated Payment
$ 4,023.33 per month $2,776.04 Principal & Interest $1,087.17 Property Tax $160.13 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Tompkins Realty
Agency Phone: 914-265-6699
Shown By
Agency Title: Coldwell Banker American Homes
Agency Phone: 866-831-4443
20 Melnick Place | MLS# 999121
This multi-family property located at 20 Melnick Place, Lake Peekskill, NY 10537 is currently listed for sale with an asking price of $549,000. Melnick Place is located within the Putnam Valley school district. Search Lake Peekskill real estate on www.cbamhomes.com today.