Don't miss your chance to make this delightful Yonkers residence your own – schedule a showing today and experience the charm and convenience of 48 Alder Street! "Discover the perfect investment opportunity in the heart of Yonkers with this spacious multi-family home located at 48 Alder St. This property features two units, each offering 3 bedrooms and 1 bathroom, ideal for maximizing rental potential. The interior spans a generous total of 2,694 sqft, providing ample space for comfortable living. First floor unit recently remodeled. 
Financially appealing, this property includes a finished basement that boasts additional rental income $700 a month for storage with 2 rooms.Conveniently enhance your investment with extra earnings from 4 parking garages at $200 each and a boat parking at $250 a month. Total monthly income $6650. A true multi family investment money tree generating close to $80k a year in income.
Built to last, the residence is equipped with a gas furnace that's only two years old, ensuring efficient heating and reduced maintenance concerns. The practical layout and sturdy construction of this home promise a low-maintenance, high-yield investment.
Location is key, and this property does not disappoint. It’s conveniently nestled near essential amenities and transportation links. Yonkers Middle High School lies within a short distance, making it an attractive option for families. Access to the Metro-North Station at Yonkers is just over a mile away, providing easy commutes to Manhattan. Daily necessities can be met at the nearby Food town of Linden St., and for leisure, Tibbetts Brook Park offers lush greenery and outdoor activities close to home.
This is more than just a property; it’s a chance to invest in a thriving Park Hill community and gain substantial returns from a well-positioned multi-family home. Don’t miss out on this exceptional opportunity at 48 Alder Street, where potential meets profitability in an ideal locale.
CAN BE DELIVERED VACANT Additional Information: Amenities:Storage,ParkingFeatures:4+ Car Detached,
Pending
$849,000
48 Alder Street, Yonkers, NY 10701
6beds
2,694sqft
MultiFamily
Built in 1924
-- sqft lot
$-- Zestimate®
$315/sqft
$-- HOA
What's special
Finished basementGas furnaceEfficient heating
- 10 days
- on Zillow |
- 30 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: April 15, 2025 at 07:57am
Listing by:
HomeSmart Homes & Estates 914-236-5500,
Peter C. Persaud 914-620-7155
Source: OneKey® MLS,MLS#: H6311834

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Radiant
Cooling
- Wall/Window Unit(s)
Features
- Eat-in Kitchen
- Flooring: Hardwood
- Basement: Walk-Out Access,Finished
- Attic: None
Interior area
- Total structure area: 2,694
- Total interior livable area: 2,694 sqft
Property
Parking
- Total spaces: 6
- Parking features: Detached
Features
- Levels: Two
- Patio & porch: Deck
Lot
- Size: 3,485 Square Feet
- Features: Near Public Transit, Near School, Near Shops, Corner Lot
Details
- Parcel number: 1800001000004320000007
Construction
Type & style
- Home type: MultiFamily
Materials
- Brick, Stucco
Condition
- Actual
- New construction: No
- Year built: 1924
Utilities & green energy
- Gas: Separate Gas Meters: 3
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Trash Collection Public
Community & HOA
Community
- Subdivision: Park Hill
HOA
- Has HOA: No
- Amenities included: Park
Location
- Region: Yonkers
Financial & listing details
- Price per square foot: $315/sqft
- Tax assessed value: $8,000
- Annual tax amount: $8,565
- Date on market: 6/8/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Tenant pays: Electricity
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