• UNDER CONTRACT

416 Highland Avenue

Mount Vernon, NY 10553

  • $500,000
  • 5 Beds
  • 2 Baths
  • 0.11 Acres
  • 1920 Built
  • $8,497 Taxes

Calling all investors, builders, and visionaries, this fire-damaged legal 2-family offers endless upside just minutes from NYC! Located on a tree-lined street in the heart of Mount Vernon, this spacious 3,000 sq ft two-family home features a 1-bedroom unit over a 4-bedroom unit, the perfect setup for extended family, rental income, or dual investment. A large front sitting porch, mature landscaping, private driveway, and backyard complete the picture, all waiting to be brought back to life with your vision and skill. The home sustained fire damage and is not currently habitable. It is being sold strictly as-is, with no repairs or clean-out by the seller. Buyer is responsible for all due diligence, including permits and obtaining a new certificate of occupancy after closing. Cash buyers or rehab financing only. Property will not qualify for traditional mortgage financing in current condition. This is a rare opportunity to create your dream home while generating rental income, or to fully renovate and rent both units in a high-demand area. With imagination and investment, this property can be transformed into a beautiful multi-family residence that pays for itself over time. Transit & Access Highlights: • 6-minute walk to Metro-North Mount Vernon East Station, ideal for NYC commuters • 4–6 minute drive to I-95 via Hutchinson River Parkway • Local bus service (routes 42/53/55) just 3 minutes away Don’t miss your chance to restore and reimagine this diamond in the rough, a rare investor opportunity in this price range, especially in a market where inventory is extremely limited.

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Property Highlights
  • SCHOOL DISTRICT : Mount Vernon
  • ELEMENTARY : Graham
  • STYLE : Colonial
  • MUNICIPALITY : Mount Vernon
  • DAYS ON MARKET : 65
  • MLS : 884292

Additional Information

ADDITIONAL INFORMATION
  • BASEMENT DESCRIPTION: Walk-Out Access
  • DAYS ON MARKET: 65
  • ELEMENTARY SCHOOL: Graham
  • ELEMENTARY SCHOOL DISTRICT: Mount Vernon
  • HIGH SCHOOL: Mt Vernon High School
  • MIDDLE SCHOOL: Benjamin Turner Middle School
  • ON MARKET DATE: 2025-07-01
  • SEWER: Public Sewer
  • STYLE: Colonial
  • TYPE: Residential Income
  • UNIT COUNT: 2
  • UTILITIES: Electricity Connected, Sewer Connected, Water Connected
  • YEAR BUILT: 1920
INTERIOR FEATURES
  • BEDS: 5
  • FULL BATHS: 2
  • HEAT: Oil, Other
  • INTERIOR FEATURES: Other
EXTERIOR FEATURES
  • CONSTRUCTION MATERIALS: Frame
ASSESSED VALUE AND TAXES
  • TAX AMOUNT: $8,497

Listing Courtesy of Janet Bingham of Keller Williams Realty Group (914.713.3270).

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Location for 416 Highland Avenue, Mount Vernon, NY

Community

Mount Vernon>

Mount Vernon

Westchester County, New York

Residents of Mount Vernon in Westchester County enjoy extensive cultural, education and public services throughout its 4.4-square-mile area. The city comprises four distinct, major sections: Downtown,...

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  • Julia B. Fee Sotheby's International Realty