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314 S 5th Street , Mount Vernon, NY 10550

$1,499,999

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New to the Market

MLS#987284

STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLMount Vernon

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Property Description

Great Opportunity to Own a Fully Rented Mixed-Use Property!This income-producing property generates approximately $8,800/month, offering a strong and consistent return. The property features residential apartment(s), along with separately rented parking spaces and a garage generating an additional $950/month. Three recently vacated parking spaces offer further upside at $125/month each, creating multiple streams of income and immediate value-add potential.Situated on two lots, this property presents a rare opportunity for future development, expansion, or added value (buyer to verify with township).The building has been well maintained with numerous updates, including an updated basement and exterior, a new tankless water heater, and renovated apartment interiors featuring modern kitchens and updated flooring throughout.Ideal for investors seeking a turnkey property with reliable cash flow and long-term upside.

314 S 5th Street | MLS# 987284

This multi-family property located at 314 S 5th Street , Mount Vernon, NY 10550 is currently listed for sale with an asking price of $1,499,999. S 5th Street is located within the Mount Vernon school district. Search Mount Vernon real estate on www.laffey.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Finished

Basement: Yes

Cooling: Wall/Window Unit(s)

Garage: 2

Heating: Baseboard

Taxes: $21,000

Year Built: 1960

Amenities

First Floor Bedroom

First Floor Full Bath

Feature Descriptions

Exterior: Foam Insulation, Stucco

GarageY/N: Yes

On Market Date: 2026-04-21

Parking Features: Parking Lot

Property Attached Y/N: 1

Rental Term: Monthly

Sewer: Public Sewer

Units: 3

Utilities: Electricity Connected, Sewer Connected, Trash Collection Public, Water Connected

Water: Public

Local Schools

High School: Mt Vernon High School

Middle School: Benjamin Turner Middle School

Elementary School: Cecil H Parker School

School District: Mount Vernon

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55 Northern Blvd
Greenvale, NY 11548

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314 S 5th Street , Mount Vernon, NY 10550

Property Description

314 S 5th Street | MLS# 987284

Property Features

Amenities

Feature Descriptions

Local Schools

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314 S 5th Street , Mount Vernon, NY 10550

314 S 5th Street , Mount Vernon, NY 10550

Property Description

314 S 5th Street | MLS# 987284

Property Features

Amenities

Feature Descriptions

Local Schools

TOUR THIS HOME

Estimate Your Payment

Change Payment Information

Listed By / Shown By

314 S 5th Street , Mount Vernon, NY 10550

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