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$1,249,500

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
  • 2 Car Garage
  • Updated 13 days ago
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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 $1,100/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.

Full Property Details for 314 S 5th Ave

General

  • Price: $1,249,500
  • Taxes: $21,000
  • Status: Active
  • Type: Multi-Family
  • Source: Long_Island
  • MLS ID: 987284
  • Updated: 5/11/2026
  • Added to Site: 33 day(s) ago

Interior

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

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 7

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Parking Lot

Location

  • County: Westchester County

School Information

  • High School District: Mount Vernon
  • Elementary School: Cecil H Parker School
  • Middle School: Benjamin Turner Middle School
  • High School: Mt Vernon High School

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Baseboard

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Electricity Connected, Sewer Connected, Trash Collection Public, Water Connected

Structural Information

  • Detached/Attached: Attached
  • Construction: Foam Insulation, Stucco
  • Basement: Yes
  • Basement Desc.: Finished
  • Year Built: 1960

Financial Considerations

  • Tax Amount: $21,000

Disclosures and Reports

  • Special Conditions: None

Listed by eXp Realty

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Listing agent

— 314 S 5th Ave —

  • eXp Realty

888-276-0630

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Be ready to buy your new home!

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 314 S 5th Ave

School District:Mount Vernon School District
NameGradesDistance
Cecil H Parker School
461 South 6th Avenue, Mount Vernon, NY 10550
K-60.3 mi
Benjamin Turner Middle School
624 South 3rd Avenue, Mount Vernon, NY 10550
7-90.6 mi
Denzel Washington School-Arts
121 South 6th Avenue, Mount Vernon, NY 10550
9-120.3 mi
Mount Vernon High School
100 California Road, Mount Vernon, NY 10552
9-121.8 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 314 S 5th Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/05/2026
Price Reduced
$1,249,500
-16.7%
MLS
4/21/2026
Listed
$1,499,999
32.16%
MLS
8/07/2025
Sold
$1,135,000
—
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 314 S 5th Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,970
100%
$1,800
—
2024
100%
$1,800
—
2020
-100%
$1,800
—
2020
$2,654
2%
$1,800
—
2018
$2,614
3%
$1,800
—
2017
$2,547
1%
$1,800
—
2017
$2,515
-1%
$1,800
—
2016
$2,538
3%
$1,800
—
2015
$2,460
2%
$1,800
—
2014
$2,413
—
$1,800
—
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 314 S 5th Ave

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

Listed by eXp Realty

314 S 5th Ave, Mount Vernon, NY 10550 (MLS# 987284) is a Multi-Family property with 3 units containing 7 bedrooms and 4 full bathrooms. 314 S 5th Ave is currently listed for $1,249,500 and was received on April 21, 2026. Want to learn more about 314 S 5th Ave? Do you have questions about finding other Multi-Family real estate for sale in Mount Vernon? You can browse all Mount Vernon real estate or contact a Coldwell Banker agent to request more information.

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