Description
Fully leased triplex in Harrison generating a solid 7%+ cap rate, with immediate value-add upside. Current monthly rent roll totals $12,655 with low annual expenses of $37,221, producing a net operating income of $114,639. Unit Breakdown: 4BR/1BA: $4,450/month 3BR/1BA: $4,300/month 2BR/2BA: $3,905/month All tenants pay electric and gas (except for the 2BR unit, where the landlord covers utilities). Each 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 on a quiet dead-end street with a short commute to Metro-North, shops, and top-rated schools, this property offers long-term rental stability in a high-demand Westchester market. Fully occupied, cash flowing, and primed for even stronger returns. (Photos and floorplan are of the top floor 4 bedroom unit. It is currently fully rented.)
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9BEDS
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0.13ACRES
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4BATHS
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01/2 BATHS
School Information
Description
Fully leased triplex in Harrison generating a solid 7%+ cap rate, with immediate value-add upside. Current monthly rent roll totals $12,655 with low annual expenses of $37,221, producing a net operating income of $114,639. Unit Breakdown: 4BR/1BA: $4,450/month 3BR/1BA: $4,300/month 2BR/2BA: $3,905/month All tenants pay electric and gas (except for the 2BR unit, where the landlord covers utilities). Each 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 on a quiet dead-end street with a short commute to Metro-North, shops, and top-rated schools, this property offers long-term rental stability in a high-demand Westchester market. Fully occupied, cash flowing, and primed for even stronger returns. (Photos and floorplan are of the top floor 4 bedroom unit. It is currently fully rented.)
© 2026 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Alexander Madison Realty. Data last updated: 2026-01-15T11:18:37.327.