638-640 Halstead Ave 5 Unit Apartment Building $3,534,805 CAD ($706,961 CAD/Unit) 6.79% Cap Rate Mamaroneck, NY 10543

A rare opportunity to own a five-unit multifamily property in the Rye Neck School District of Mamaroneck. Set on .24 acres in a C-1 zone, the property offers flexibility with a large parking lot and a spacious backyard that can be used or enhanced over time. Each unit includes a full kitchen, dining area, living room, two bedrooms, a full bath, and a bonus office or den. Three of the units have been updated with modern kitchens and baths with clean finishes. The building also offers basement storage and on-site laundry. With multiple units already in place, the property provides steady rental income and long-term potential. It works well for an investor or for a buyer looking to live in one unit while generating income from the others. Mamaroneck offers a balance of coastal living and everyday convenience, with sumptuous dining, local shops, and an easy 37-minute commute to Grand Central via Metro-North. Harbor Island Park and the Long Island Sound add to the appeal, while Rye Neck Schools are known for strong academics and a close-knit community, helping support long-term demand. Opportunities like this are hard to find in this location.