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$549,000

  • For Sale
  • Active
  • Multi-Family
  • 4 Total Beds
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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.

Full Property Details for 20 Melnick Pl

General

  • Price: $549,000
  • Taxes: $13,046
  • Status: Active
  • Type: Multi-Family
  • Source: Long_Island
  • MLS ID: 999121
  • Updated: 5/15/2026
  • Added to Site: 14 day(s) ago

Interior

  • Interior Features: First Floor Bedroom, First Floor Full Bath

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Parking

  • Parking Features: Driveway

Location

  • County: Putnam County

School Information

  • High School District: Putnam Valley
  • Elementary School: Putnam Valley Elementary School
  • Middle School: Putnam Valley Middle School
  • High School: Putnam Valley High School

Heating & Cooling

  • Cooling Type: Varies by Unit
  • Heating Type: Electric

Utilities

  • Sewer: Septic Tank
  • Water: Well
  • Utility Description: Cable Available, Electricity Connected, Propane

Structural Information

  • Detached/Attached: Detached
  • Construction: Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Unfinished
  • Building Size: 1387
  • Square Feet: 1,387
  • Year Built: 1950

Lot Features

  • Lot Size (Acres): 0.1803
  • Lot Size (Sq. Ft.): 7,854

Financial Considerations

  • Tax Amount: $13,046.53
  • Tenant Pays: All Utilities

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 372800-091-026-0001-054-000-0000

Listed by Tompkins Realty

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— 20 Melnick Pl —

  • Tompkins Realty

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 20 Melnick Pl

School District:Putnam Valley Central School District
NameGradesDistance
Putnam Valley Middle School
142 Peekskill Hollow Road, Putnam Valley, NY 10579
5-81.2 mi
Putnam Valley Elementary School
171 Oscawana Lake Road, Putnam Valley, NY 10579
PK-41.5 mi
Putnam Valley High School
146 Peekskill Hollow Road, Putnam Valley, NY 10579
9-121.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 20 Melnick Pl Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/15/2026
Listed
$549,000
35.56%
MLS
5/17/2022
Sold
$405,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 20 Melnick Pl

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,514
204%
$413,300
—
2024
$4,122
100%
$413,300
7%
2020
100%
$386,000
52%
2021
-100%
$254,300
10%
2021
$2,874
—
$231,200
6%
2021
$2,874
-66%
$219,000
3%
2020
$8,479
2%
$212,600
2%
2018
$8,303
3%
$208,400
4%
2017
$8,078
—
$200,300
1%
2016
$8,039
—
$198,300
1%
2015
$8,049
—
$196,300
-1%
2015
$8,089
—
$198,300
-5%
2013
$8,090
—
$208,700
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 20 Melnick Pl

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Listed by Tompkins Realty

20 Melnick Place, Lake Peekskill, NY 10537 (MLS# 999121) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 20 Melnick Place is currently listed for $549,000 and was received on May 15, 2026. Want to learn more about 20 Melnick Place? Do you have questions about finding other Multi-Family real estate for sale in Lake Peekskill? You can browse all Lake Peekskill real estate or contact a Coldwell Banker agent to request more information.

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