416 Highland Ave Mount Vernon, NY 10553
Estimated payment $3,432/month
Total Views
7,504
5
Beds
2
Baths
3,000
Sq Ft
$167
Price per Sq Ft
About This Home
Calling all investors, builders, and visionaries, this fire-damaged legal 2-family offers endless upside just minutes from NYC!
Located on a tree-lined street in the heart of Mount Vernon, this spacious 3,000 sq ft two-family home features a 1-bedroom unit over a 4-bedroom unit, the perfect setup for extended family, rental income, or dual investment. A large front sitting porch, mature landscaping, private driveway, and backyard complete the picture, all waiting to be brought back to life with your vision and skill.
The home sustained fire damage and is not currently habitable. It is being sold strictly as-is, with no repairs or clean-out by the seller. Buyer is responsible for all due diligence, including permits and obtaining a new certificate of occupancy after closing.
Cash buyers or rehab financing only. Property will not qualify for traditional mortgage financing in current condition.
This is a rare opportunity to create your dream home while generating rental income, or to fully renovate and rent both units in a high-demand area. With imagination and investment, this property can be transformed into a beautiful multi-family residence that pays for itself over time.
Transit & Access Highlights:
• 6-minute walk to Metro-North Mount Vernon East Station, ideal for NYC commuters
• 4–6 minute drive to I-95 via Hutchinson River Parkway
• Local bus service (routes 42/53/55) just 3 minutes away
Don’t miss your chance to restore and reimagine this diamond in the rough, a rare investor opportunity in this price range, especially in a market where inventory is extremely limited.
Listing Agent
Keller Williams Realty Group Brokerage Phone: 914-713-3270 License #10301222227 Listed on: 07/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,497
Year Built
- Built in 1920
Parking
- 2 Car Garage
Home Design
- Duplex
- Colonial Architecture
- Frame Construction
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Schools
- Graham Elementary School
- Benjamin Turner Middle School
- Mt Vernon High School
Utilities
- No Cooling
- Heating System Uses Oil
Additional Features
- Walk-Out Basement
- 4,792 Sq Ft Lot
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 0800-169-026-04074-000-0007
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $924 | $5,150 | $2,300 | $2,850 |
| 2023 | $11,533 | $5,150 | $2,300 | $2,850 |
| 2022 | $16,240 | $10,300 | $2,300 | $8,000 |
| 2021 | $15,947 | $10,300 | $2,300 | $8,000 |
| 2020 | $15,189 | $10,300 | $2,300 | $8,000 |
| 2019 | $15,001 | $10,300 | $2,300 | $8,000 |
| 2018 | $0 | $10,300 | $2,300 | $8,000 |
| 2017 | $0 | $10,300 | $2,300 | $8,000 |
| 2016 | $14,671 | $10,300 | $2,300 | $8,000 |
| 2015 | -- | $10,300 | $2,300 | $8,000 |
| 2014 | -- | $10,300 | $2,300 | $8,000 |
| 2013 | -- | $10,300 | $2,300 | $8,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | For Sale | $500,000 | +66.7% | $167 / Sq Ft |
| 12/11/2024 12/11/24 | Off Market | $300,000 | -- | -- |
| 12/12/2019 12/12/19 | Sold | $646,500 | -0.4% | $216 / Sq Ft |
| 10/10/2019 10/10/19 | Pending | -- | -- | -- |
| 09/12/2019 09/12/19 | Price Changed | $649,000 | -3.1% | $216 / Sq Ft |
| 07/24/2019 07/24/19 | Price Changed | $670,000 | +99900.0% | $223 / Sq Ft |
| 07/24/2019 07/24/19 | For Sale | $670 | -99.8% | $0 / Sq Ft |
| 03/08/2019 03/08/19 | Sold | $300,000 | -40.0% | $100 / Sq Ft |
| 05/04/2018 05/04/18 | Pending | -- | -- | -- |
| 05/04/2018 05/04/18 | For Sale | $499,999 | -- | $167 / Sq Ft |
Source: OneKey® MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $646,500 | Freedom Land Title Agency | |
| Bargain Sale Deed | $300,000 | Judicial Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $55,604 | FHA | |
| Closed | $1,620 | FHA | |
| Closed | $71,071 | FHA | |
| Previous Owner | $627,008 | FHA | |
| Previous Owner | $383,500 | Commercial |
Source: Public Records
Similar Homes in the area
Source: OneKey® MLS
MLS Number: 884292
APN: 0800-169-026-04074-000-0007
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale or lease on this web site comes in part from OneKey® MLS. Real estate listings held by brokerage firms other than Ten-X are marked with the OneKey® MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
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Information is deemed reliable but not guaranteed.
Copyright 2025 OneKey® MLS. All rights reserved.
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