Price cut
$539,000
2 bd · 2 ba · · 7,854 sqft lot
20 Melnick Pl, Lake Peekskill, NY 10537
Multi-family · Built 1950 ·
$3,827/mo est. payment
Flood factor 1/10
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 2
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Interior Features
- First floor bedroom
- First floor full bath
Other Rooms
- Basement Features: Unfinished
Heating and Cooling
- Cooling Features: Varies by Unit
- Heating Features: Electric
Land Info
- Lot Size Acres: 0.1803
- Lot Size Square Feet: 7854
Garage and Parking
- Parking Features: Driveway
School Information
- Elementary School: Putnam Valley Elementary School
- Elementary School District: Putnam Valley
- High School: Putnam Valley High School
- High School District: Putnam Valley
- Middle School: Putnam Valley Middle School
- School District: Putnam Valley
- Middle or Junior School District: Putnam Valley
Schools
- 6
Putnam Valley Middle School
elementary · 5-8 · 1.2 mi
- 9
Putnam Valley High School
high · 9-12 · 1.2 mi
St Columbanus School
elementary · K-8 · 1.9 mi
- 7
Putnam Valley Elementary School
elementary · K-4 · 1.5 mi
St Elizabeth Ann Seton School
elementary · PK-8 · 2.2 mi
The Garden Road School
elementary · K-2 · 2.7 mi
Price history
- Oct 20, 2026 · Price Changed$539,000
- May 13, 2026 · Listed$549,000
- May 17, 2022 · Sold$405,000
- May 4, 2018 · Sold$215,000
- Apr 27, 2018 · Listing Removed—
- Feb 23, 2018 · Listing Removed$239,000
- Jan 25, 2018 · Relisted$239,000
- Dec 3, 2017 · Listing Removed$239,000
Tax history
- 2026$13,046 tax · $413,300 assessed
- 2025$12,984 tax · $413,300 assessed
- 2024$12,514 tax · $413,300 assessed
- 2023$11,145 tax · $254,300 assessed
- 2022$8,747 tax · $231,200 assessed
- 2021$8,589 tax · $219,000 assessed
- 2020$8,478 tax · $212,600 assessed
- 2017$8,077 tax · $208,400 assessed
Home value
$523,800
- Cotality$523,800
- Collateral Analytics$544,000
- Quantarium$473,936
Where it is
Listed by Justin Tompkins · Tompkins Realty · OneKeyMLS