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.
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.)
Listed by Matthew Warbet
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Keller Williams Hudson Valley
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845-639-0300
Last updated June 27, 2025
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Source: OneKey #863987
Listing Facts
TypeMulti-family
NeighborhoodSouth Downtown
Bedrooms9
Bathrooms4
Days on Prevu73
Taxes$20,959/year
Location
Mortgage Calculator
Listing History
06/25/2025
Listed by Keller Williams Hudson Valley
$1,600,000
Property Details for 25 Fremont Street
Exterior
Construction
Number Of Units Total: 3
Year Built: 1928
Architectural Style: Colonial, Contemporary
Construction Materials: Frame, Stone, Stucco
Features
Direction Faces: North
Measurements
Building Area Total: 3,415
Building Area Units: Square Feet
Lot Size Acres: 0.13
Lot Size Square Feet: 5,663
Financial
Residential Income
Cap Rate: 7.0
Gross Income: $152,000.00
Operating Expense: $16,262.00
Taxes
Parcel Number: 2801-000-043-00000-000-0008
Tax Annual Amount: $20,959.00
Tax Assessed Value: $9,280.00
Tax Year: 2024
Interior
Features
Interior Features: First Floor Bedroom, First Floor Full Bath, Formal Dining, High Speed Internet
Rooms
Bathrooms Full: 4
Bathrooms Total Integer: 4
Bedrooms Total: 9
Parking
Parking
Garage Spaces: 2
Garage: Yes
Parking Features: Attached, Driveway, On Street
Schools
Elementary School
Elementary School: Parsons Memorial
Elementary School District: Harrison
High School
High School: Harrison High School
High School District: Harrison
Middle or Junior School
Middle Or Junior School: Louis M Klein Middle School
Middle Or Junior School District: Harrison
Utilities
Equipment
Cooling: Wall/Window Unit(s)
Heating: Oil
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water Source: Public
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