556 Westchester Ave
Listing Notes
Two-Family Investment Opportunity - RYE BROOK property at PORT CHESTER prices!! This beautifully maintained two-family home in the highly desirable Rye Brook area offers a rare opportunity for both investors and owner-occupants. Currently generating over $5,200/month in rental income, with rents still below market value. This property presents immediate upside potential. A standout feature is the finished, currently VACANT walk-out basement, previously used as an in-law suite. This space offers excellent flexibility and can be combined with the first-floor unit to achieve an estimated rental income of $4,200+ per month.The home features two well-appointed residential units, each with in-unit washer and dryer and hardwood floors throughout. The second-floor unit includes carpeting for added sound insulation. Highlights include: Strong Income + Value-Add Potential: Consistent cash flow with room for rent growth Flexible Layout: Ideal for investors, owner-occupants, or multi-generational living Prime Location: Quiet, tree-lined street just minutes to Rye Ridge Shopping Center, downtown Port Chester, Rye, Greenwich, Metro-North, I-287 & I-95 Ample Parking: Off-street parking for up to 6 vehicles Lower-Level Flex Space: Finished walk-out level with rec room, bath, and bonus room-perfect for extended living or recreation Outdoor Appeal: Beautifully landscaped property including Shed for extra storage.This is a rare opportunity to own a versatile, income-producing property in one of Westchester's most sought-after locations. Don't miss it! Residual Income , Increasing Equity and Long-Term Appreciation
Price in context
Cheaper than 37% of the 24 homes listed nearby right now, which run $579,000 to $1,249,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 263 Madison Ave | $579,000 | 3 bd · 1 ba |
| 22 Washington Mews Unit 22 | $599,000 | 2 bd · 3 ba |
| 7 Sand St | $599,000 | 3 bd · 2 ba |
| 66 Milton Rd Apt D41 | $699,000 | 2 bd · 1 ba |
| 135 Smith St | $709,000 | 3 bd · 1 ba |
| 75 Hillcrest Ave | $715,000 | 4 bd · 3 ba |
| 322 Olivia St | $719,000 | 3 bd · 2 ba |
| 11 Brook Rd | $749,900 | 3 bd · 2 ba |
| 137 Breckenridge Ave | $779,000 | 3 bd · 2 ba |
| 140 Terrace Ave | $797,000 | 6 bd · 3 ba |
| 288 Olivia St | $799,000 | 3 bd · 2 ba |
| 713 Westchester Ave | $799,000 | 4 bd · 3 ba |
| 15 Bulkley Ave | $799,000 | 3 bd · 2 ba |
| 33 Soundview St | $825,000 | 3 bd · 2 ba |
| 86 Birch St | $888,000 | 4 bd · 2 ba |
| 174 Fairview Ave | $899,000 | 5 bd · 3 ba |
| 210 Glen Ave | $899,000 | 3 bd · 2 ba |
| 107 Adams Ave | $899,000 | 4 bd · 3 ba |
| 42 Upland St | $949,000 | 3 bd · 2 ba |
| 27 Soundview St | $999,000 | 8 bd · 3 ba |
| 45 S Ridge St | $999,900 | 6 bd · 2 ba |
| 5 Quintard Dr | $999,999 | 4 bd · 3 ba |
| 26 Glen Ave | $1,099,000 | 6 bd · 5 ba |
| 506 Midland Ave | $1,249,000 | 3 bd · 2 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more