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Multi Family 2-4 in Westchester County
MLS Number1042859
Address58 Palmer Road, Yonkers, NY 10701 show map
Price$625,000 show mortgage calculator
Acres0.08168044077135
Year Built1956
Est. Sq. Footage0
Elementary SchoolYonkers (School Choice)
Jr High-Middle SchoolYonkers (School Choice)
High SchoolYonkers (School Choice)
Estimated Taxes$9,263
Total Apt Units2
Total Bedrooms5
# 1 Brs1
# 4 Brs1
Remarks

Welcome to 58 Palmer Road in Yonkers, a classic semi-attached two-family home in the desirable Bryn Mawr (Bryn Mawr Park) neighborhood that is truly a diamond in the rough. This is a major opportunity for the right buyer or investor who has vision and is ready to put in the TLC—because while the property needs a significant amount of work, it has been priced accordingly and sits in a prime, high-demand location. The layout offers excellent flexibility. The main level features a spacious four-bedroom, two-bath duplex that opens onto a porch and leads out to a very spacious, long backyard—ideal for outdoor living, entertaining, or future enhancement once renovated. Below is a convenient ground-floor one-bedroom, one-bath walk-in unit with its own entrance. Together, the configuration supports living in one unit while collecting rent from the other, or operating the entire property as a pure investment after renovations. Location is a standout strength. Palmer Road sits right by major highways, with immediate access via the Saw Mill River Parkway (Exit 5A at Palmer Road) and quick connections to I-87 (the New York State Thruway/Major Deegan), the Cross County Parkway, and other routes. This makes commuting into Manhattan or around Westchester straightforward. The Bryn Mawr area itself is an established residential neighborhood with a mix of single- and multi-family homes, nearby green spaces including Welty Park, access toward Tibbetts Brook Park and the South County Trailway, local shopping and services, and proximity to well-regarded schools such as Saunders Trades & Technical High School (located on Palmer Road). The combination of convenience, parks, and everyday amenities keeps demand strong in this part of Yonkers. This is not a turnkey property—it will require meaningful renovation and a clear vision. But for the buyer or investor prepared to put in the work, the upside is clear: renovate, then either occupy one unit and generate rental income from the other, or hold it fully as an income-producing asset in a location that supports long-term value. Priced to reflect its current condition, 58 Palmer Road represents a genuine opportunity for someone ready to unlock its potential.

Amenities

This listing is Courtesy of eXp Realty (888-276-0630).

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