Home Details for 529 Locust Street

Welcome to a beautifully renovated legal three-family in Fleetwood, one of Mount Vernon’s most in-demand neighborhoods and the area the New York Times once called Westchester’s “best-kept secret.” Set on a quiet residential block with a two-car garage, solid concrete garage ceiling, and all-stucco exterior, this property offers both strong current income and a rare owner-user opportunity. ? One unit is vacant and physically separate from the other two, giving a live-in owner real privacy while collecting rent from the remaining apartments. The vacant unit previously rented for $2,100. The second-floor apartment is leased month-to-month at $2,250; Apartment 1N is leased month-to-month at $2,692. Combined in-place rent is $4,942, with room to grow once the third unit is occupied. Apartment 1N was fully renovated in 2023 with spray-foam insulation, sound-proof ceilings, 100-amp electric service, and new plumbing, kitchen, and bath. A new architectural roof was installed last year and carries a transferable 30-year warranty. Utility setup is practical and already configured for tenant-paid service. The landlord currently pays hot water for all three apartments and heat for 1S and 1N through a hot-water oil boiler; the house is also set up so 1S and 1N can each pay their own hot water via separate 40-gallon electric tanks. The second-floor apartment has its own 40-gallon gas hot-water tank and pays its own gas stove and electric heat (heat-pump central air). Units 1S and 1N have split AC/heat systems, electric stoves, and pay their own electric. Location is the standout. A staircase from Locust Street leads to the Fleetwood Metro-North station on the Harlem Line — typically about 28 minutes to Grand Central. Bee-Line buses, the Cross County Parkway, Bronx River Parkway, Hutchinson River Parkway, and I-95 are all close by. Gramatan Avenue’s shops, cafés, markets, and restaurants are walkable; schools including Pennington and other Mount Vernon options serve the neighborhood. A grassy rear yard with gazebo and storage completes the package. ? Ideal for an investor seeking cash flow in a high-demand commuter pocket, or for an end user who wants to live in the separate vacant unit and let the other two apartments help carry the house.

• Heating Information

  • Baseboard
  • Electric
  • Natural Gas
  • Oil
  • Other

• House Interior

  • Eat-in Kitchen
  • High Ceilings
  • Natural Woodwork
  • Other
  • Storage

• Utilities

  • Natural Gas Available
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

• Cooling Information

  • Central Air
  • Electric
  • Varies by Unit
  • Wall/Window Unit(s)

• Parking

  • Driveway
  • Garage

• Water Features

  • Public