Don't miss your chance to make this delightful Yonkers residence your own – schedule a showing today and experience the charm and convenience of 48 Alder Street! "Discover the perfect investment opportunity in the heart of Yonkers with this spacious multi-family home located at 48 Alder St. This property features two units, each offering 3 bedrooms and 1 bathroom, ideal for maximizing rental potential. The interior spans a generous total of 2,694 sqft, providing ample space for comfortable living. First floor unit recently remodeled. 
Financially appealing, this property includes a finished basement that boasts additional rental income $700 a month for storage with 2 rooms.Conveniently enhance your investment with extra earnings from 4 parking garages at $200 each and a boat parking at $250 a month. Total monthly income $6650. A true multi family investment money tree generating close to $80k a year in income.
Built to last, the residence is equipped with a gas furnace that's only two years old, ensuring efficient heating and reduced maintenance concerns. The practical layout and sturdy construction of this home promise a low-maintenance, high-yield investment.
Location is key, and this property does not disappoint. It’s conveniently nestled near essential amenities and transportation links. Yonkers Middle High School lies within a short distance, making it an attractive option for families. Access to the Metro-North Station at Yonkers is just over a mile away, providing easy commutes to Manhattan. Daily necessities can be met at the nearby Food town of Linden St., and for leisure, Tibbetts Brook Park offers lush greenery and outdoor activities close to home.
This is more than just a property; it’s a chance to invest in a thriving Park Hill community and gain substantial returns from a well-positioned multi-family home. Don’t miss out on this exceptional opportunity at 48 Alder Street, where potential meets profitability in an ideal locale.
CAN BE DELIVERED VACANT Additional Information: Amenities:Storage,ParkingFeatures:4+ Car Detached,
Sold for $849,000
$849,000
48 Alder Street, Yonkers, NY 10701
6beds
2,694sqft
Duplex, Multi Family
Built in 1924
-- sqft lot
$909,100 Zestimate®
$315/sqft
$2,622 Estimated rent
Home value
$909,100
$809,000 - $1.02M
$2,622/mo
Zestimate® history
Owner options
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$2,622/mo
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$2,622/mo
Rent Zestimate®
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$5,623/mo
Est. payment
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$5,623/mo
Est. payment
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List your homeWhat's special
Finished basementGas furnaceEfficient heating
Zillow last checked:
Listing updated:
Listed by:
Peter C. Persaud 914-620-7155,
HomeSmart Homes & Estates 914-236-5500
Bought with:
Kristina Mernaci, 10401246452
Keller Williams Realty Group
Source: OneKey® MLS as distributed by MLS GRID,MLS#: H6311834
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Radiant
Cooling
- Wall/Window Unit(s)
Features
- Eat-in Kitchen
- Flooring: Hardwood
- Basement: Walk-Out Access,Finished
- Attic: None
Interior area
- Total structure area: 2,694
- Total interior livable area: 2,694 sqft
Property
Parking
- Total spaces: 6
- Parking features: Detached
Features
- Levels: Two
- Patio & porch: Deck
Lot
- Size: 3,485 Square Feet
- Features: Near Public Transit, Near School, Near Shops, Corner Lot
Details
- Parcel number: 1800001000004320000007
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Brick, Stucco
Condition
- Actual
- Year built: 1924
Utilities & green energy
- Gas: Separate Gas Meters: 3
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Trash Collection Public
Community & HOA
Community
- Subdivision: Park Hill
HOA
- Has HOA: No
- Amenities included: Park
Location
- Region: Yonkers
Financial & listing details
- Price per square foot: $315/sqft
- Tax assessed value: $8,000
- Annual tax amount: $8,565
- Date on market: 6/8/2024
- Cumulative days on market: 104 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Tenant pays: Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 5/9/2025 | Sold | $849,000$315/sqft |
Source:  OneKey® MLS as distributed by MLS GRID #H6311834 Report a problem | ||
| 4/15/2025 | Pending sale | $849,000$315/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H6311834 Report a problem | ||
| 1/30/2025 | Listing removed | $849,000$315/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H6311834 Report a problem | ||
| 9/9/2024 | Listed for sale | $849,000$315/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H6311834 Report a problem | ||
| 8/26/2024 | Pending sale | $849,000$315/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H6311834 Report a problem | ||
| 6/9/2024 | Listed for sale | $849,000+73.3%$315/sqft |
Source: OneKey® MLS as distributed by MLS GRID #H6311834 Report a problem | ||
| 4/10/2016 | Listing removed | $489,999-3.9%$182/sqft |
Source: CENTURY 21 Dawn's Gold Realty #4516037 Report a problem | ||
| 11/5/2015 | Sold | $510,000+4.1%$189/sqft |
Source: Public Record Report a problem | ||
| 4/18/2015 | Listed for sale | $489,999$182/sqft |
Source: Century 21 Dawns Gold Realty #4516037 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $8,000 |
| 2024 | -- | $8,000 |
| 2023 | -- | $8,000 |
| 2022 | -- | $8,000 |
| 2021 | -- | $8,000 |
| 2020 | -- | $8,000 |
| 2019 | -- | $8,000 |
| 2018 | -- | $8,000 |
| 2017 | -- | $8,000 |
| 2016 | -- | $8,000 |
| 2015 | -- | $8,000 |
| 2014 | -- | $8,000 |
| 2013 | -- | $8,000 -21.6% |
| 2012 | -- | $10,200 |
| 2011 | -- | $10,200 |
| 2010 | -- | $10,200 |
| 2009 | -- | $10,200 |
| 2008 | -- | $10,200 |
| 2007 | -- | $10,200 |
| 2006 | -- | $10,200 |
Find assessor info on the county website
Neighborhood: Park Hill
Nearby homes
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Nearby schools
GreatSchools rating
- 2/10School 23Grades: PK-8Distance: 0.1 mi
- 7/10Yonkers High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Yonkers Early Childhood Academy
- Middle: Yonkers Middle School
- High: Yonkers 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.
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Estimated market value
$909,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$909,100
- New York
- Westchester County
- Yonkers
- 10701
- Park Hill
- 48 Alder Street
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