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140 Terrace AVE Port Chester, NY 10573
6 Beds
3 Baths
1,925 Sqft Lot
Open House
Sun May 31, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1001580
Style Colonial
Bedrooms 6
Full Baths 3
Rental Info No
Year Built 1900
Annual Tax Amount $18,819
Lot Size 1,925 Sqft
Acres 0.0442
Property Sub-Type Duplex
Source onekey2
Property Description
This well-located mixed-use building features two fully occupied residential units generating strong, consistent rental income, with current rents below market value—providing immediate upside potential through future increases.
The property also includes a highly versatile ground-floor commercial space offering additional revenue. Formerly a vibrant Italian social club venue, the space is currently operated as a rentable venue for private parties, meetings, and small events. It produces steady supplemental income and represents a valuable built-in revenue stream for investors or owner-users.
Notably, most of the bookings have been generated through word-of-mouth alone, with little to no formal advertising. This creates a clear opportunity for growth—by implementing simple marketing strategies such as social media promotion or exterior signage, a new owner could significantly increase visibility, bookings, and overall return on investment.
The commercial space features a large open floor plan, kitchen, and half bath—ideal for events or easily adaptable for a wide range of uses, including professional office, medical or wellness space, service-based businesses, catering operations, or personal services.
Additionally, there is potential to convert the space to residential use (subject to approvals), offering even greater flexibility and long-term value.
With below-market residential rents, an income-producing commercial component, and multiple value-add opportunities through repositioning and marketing, this property presents substantial upside and a compelling investment opportunity.
Location
State NY
County Westchester County
Rooms
Basement Finished, Full, Walk-Out Access
Interior
Interior Features Entrance Foyer
Heating Natural Gas
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features None
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Shingle Siding,Stucco
Schools
Elementary Schools Thomas A Edison School
Middle Schools Port Chester Middle School
High Schools Port Chester-Rye
School District Port Chester-Rye
Others
Senior Community No
Special Listing Condition None
