Rare opportunity to own a turn key legal two-family home in the highly sought-after Putnam Valley School District! Whether you’re an investor looking for strong cash flow or an owner-occupant hoping to offset your mortgage with rental income, this property offers exceptional flexibility and value. Currently generating approximately $5,000 per month in rental income, this is a unique investment opportunity in an area where legal two-family homes are rarely available.
Both 1 bedroom units have been completely renovated and lives like a 2-bedroom, 1-bath apartment with updated finishes throughout. The property features plenty of off-street parking, a large backyard, and the added privacy of having no neighbors directly behind the home.
Enjoy lake rights to beautiful Lake Peekskill while being conveniently located near shopping, parks, and commuter routes. Whether you are looking to expand your portfolio or create the perfect owner-occupied setup, 20 Melnick Place offers an incredible combination of income potential, privacy, and location within the desirable Putnam Valley School District.
Pending
$549,000
20 Melnick Place, Lake Peekskill, NY 10537
4beds
1,387sqft
Duplex, Multi Family
Built in 1950
-- sqft lot
$-- Zestimate®
$396/sqft
$-- HOA
What's special
- 48 days |
- 736 |
- 72 |
Zillow last checked:
Listing updated:
Listed by:
Tompkins Realty 914-265-6699,
Justin Tompkins 914-403-4111
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 999121
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Varies by Unit
Features
- First Floor Bedroom, First Floor Full Bath
- Basement: Unfinished
- Attic: Partial
- Has fireplace: No
Interior area
- Total structure area: 1,387
- Total interior livable area: 1,387 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Lot
- Size: 7,854 Square Feet
Details
- Parcel number: 37280009102600010540000000
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Vinyl Siding
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Cable Available, Electricity Connected, Propane
Community & HOA
Location
- Region: Lake Peekskill
Financial & listing details
- Price per square foot: $396/sqft
- Tax assessed value: $413,300
- Annual tax amount: $13,046
- Date on market: 5/15/2026
- Cumulative days on market: 45 days
- Listing agreement: Exclusive Right To Sell
- Tenant pays: All Utilities
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Pending sale | $549,000$396/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #999121 Report a problem | ||
| 5/15/2026 | Listed for sale | $549,000+35.6%$396/sqft |
Source: OneKey® MLS as distributed by MLS GRID #999121 Report a problem | ||
| 5/17/2022 | Sold | $405,000+1.3%$292/sqft |
Source: OneKey® MLS as distributed by MLS GRID #L3378807 Report a problem | ||
| 3/23/2022 | Pending sale | $399,999$288/sqft |
Source: OneKey® MLS as distributed by MLS GRID #3378807 Report a problem | ||
| 2/25/2022 | Listed for sale | $399,999-0.5%$288/sqft |
Source: OneKey® MLS as distributed by MLS GRID #3378807 Report a problem | ||
| 2/25/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/18/2022 | Price change | $401,999+0.5%$290/sqft |
Source: Owner Report a problem | ||
| 1/31/2022 | Price change | $400,000+6.7%$288/sqft |
Source: Owner Report a problem | ||
| 11/14/2021 | Price change | $375,000+7.1%$270/sqft |
Source: Owner Report a problem | ||
| 9/21/2021 | Listed for sale | $350,000+62.8%$252/sqft |
Source: Owner Report a problem | ||
| 4/25/2018 | Sold | $215,000-10%$155/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H4748430 Report a problem | ||
| 2/23/2018 | Pending sale | $239,000$172/sqft |
Source: RE/MAX DISTINGUISHED HOMES & PROPERTIES #4748430 Report a problem | ||
| 12/27/2017 | Listed for sale | $239,000$172/sqft |
Source: RE/MAX DISTINGUISHED HOMES & PROPERTIES #4748430 Report a problem | ||
| 12/2/2017 | Pending sale | $239,000$172/sqft |
Source: RE/MAX DISTINGUISHED HOMES & PROPERTIES #4748430 Report a problem | ||
| 11/6/2017 | Listed for sale | $239,000+31%$172/sqft |
Source: RE/MAX Distinguished Hms.? #4748430 Report a problem | ||
| 1/30/2017 | Sold | $182,500-8.7%$132/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H4623670 Report a problem | ||
| 12/14/2016 | Pending sale | $199,900$144/sqft |
Source: Houlihan Lawrence #4623670 Report a problem | ||
| 5/24/2016 | Listed for sale | $199,900+3890%$144/sqft |
Source: Houlihan Lawrence #4623670 Report a problem | ||
| 7/25/2012 | Sold | $5,010-97.4%$4/sqft |
Source: Public Record Report a problem | ||
| 1/4/2012 | Listing removed | $189,750$137/sqft |
Source: Coldwell Banker Residential Brokerage - Yorktown Heights Office #3117733 Report a problem | ||
| 6/2/2011 | Listed for sale | $189,750+1481.3%$137/sqft |
Source: Coldwell Banker Residential Brokerage - Yorktown Heights Office #3117733 Report a problem | ||
| 10/16/1996 | Sold | $12,000$9/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $413,300 |
| 2024 | -- | $413,300 +7.1% |
| 2023 | -- | $386,000 +51.8% |
| 2022 | -- | $254,300 +10% |
| 2021 | -- | $231,200 +5.6% |
| 2020 | -- | $219,000 +3% |
| 2019 | -- | $212,600 +2% |
| 2018 | -- | $208,400 +4% |
| 2017 | $7,994 | $200,300 +1% |
| 2016 | -- | $198,300 +1% |
| 2015 | -- | $196,300 -1% |
| 2014 | -- | $198,300 -5% |
| 2013 | -- | $208,700 -2% |
| 2012 | -- | $213,000 -4% |
| 2011 | -- | $221,900 -6% |
| 2010 | -- | $236,000 -10.6% |
| 2009 | -- | $264,000 -2.9% |
| 2008 | -- | $272,000 +7.8% |
| 2007 | -- | $252,400 +5.6% |
| 2006 | -- | $239,000 +14.9% |
| 2005 | -- | $208,000 +15.7% |
| 2004 | -- | $179,800 +54.1% |
| 2003 | -- | $116,700 |
| 2002 | -- | $116,700 |
| 2001 | -- | $116,700 |
| 2000 | -- | $116,700 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 10537
Nearby schools
GreatSchools rating
- 6/10Putnam Valley Middle SchoolGrades: 5-8Distance: 1.2 mi
- 8/10Putnam Valley High SchoolGrades: 9-12Distance: 1.2 mi
- 7/10Putnam Valley Elementary SchoolGrades: K-4Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Putnam Valley Elementary School
- Middle: Putnam Valley Middle School
- High: Putnam Valley High School
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- New York
- Putnam County
- Lake Peekskill
- 10537
- 20 Melnick Place
Nearby cities
Nearby zip codes
Other Lake Peekskill Topics
