BEDS5
BATHS4 full
MLS#990295
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMahopac
Property Description
ATTENTION: OWNER-OCCUPANTS AND PROPERTY INVESTORS ALIKE! Rarely does a LEGAL THREE-FAMILY PROPERTY offering this level of flexibility, income potential, and future upside become available in Mahopac. Whether you're looking to house-hack and offset your housing expenses by living in one unit while collecting rental income from the others, create a multigenerational living arrangement, or add a strong-performing asset to your investment portfolio, 592 Long Pond Road presents a unique opportunity. Based upon current operations, the property is producing an approximate 6% cap rate with below-market-value rents, offering investors immediate cash flow as well as future upside potential.Situated on a level and easy-to-maintain three-quarter-acre corner lot, this well-maintained compound consists of two separate buildings featuring three legal residential units, a detached two-car garage generating separate rental income, an in-ground swimming pool, private well, two septic systems, ample off-street parking, and additional storage opportunities.The main building contains two spacious two-bedroom apartments, while the detached garage building features a one-bedroom apartment above. Two of the residential units are currently occupied by month-to-month tenants, while one apartment will be delivered vacant, creating a unique opportunity for an owner-occupant or providing the ability to lease the unit at current market rental rates.The property has been well maintained and offers multiple income streams through the residential apartments and separate garage rental. The in-ground swimming pool was fully operational during its last season of use and further enhances the property's long-term appeal and value.Conveniently located near shopping, restaurants, recreation, schools, and major commuter routes, this is a rare opportunity to acquire a LEGAL THREE-FAMILY COMPOUND that successfully combines owner-occupant appeal, investment performance, and future flexibility in one complete package.Let's start the conversation!
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space
Cooling: None
Fireplaces: 1
Garage: 2
Heating: Oil
Home Style: Mini Estate
Lot Size: 0.74 Acres
Taxes: $17,320
Year Built: 1955
Amenities
Open Floorplan
Feature Descriptions
Building Area Total: 2072
Days on Site: 3
Exterior: Frame
Fireplace Y/N: Yes
Flooring: Carpet, Combination, Laminate, Tile, Wood
GarageY/N: Yes
Heating Units: 2
Included In Taxes: Trash
On Market Date: 2026-06-26
Other Structures: Shed(s)
Parcel Number: 372000-053-015-0001-015-000-0000
Parking Features: Detached, Driveway, Garage, Off Street, Parking Lot
Parking Total: 10
Patio And Porch: Deck, Patio, Porch
Pool Features: In Ground
Property Attached Y/N: 1
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Seller Concession: Yes
Separate Electric Meters: 2
Sewer: Septic Tank
Swimming Pool: Yes
Tenant Pays: See Remarks
Units: 3
Utilities: Electricity Connected
Water: Well
Local Schools
High School: Mahopac High School
Middle School: Mahopac Middle School
Elementary School: Austin Road Elementary School
School District: Mahopac
Estimate Your Payment
Estimated Payment
$ 6,123.02 per month $4,424.48 Principal & Interest $1,443.33 Property Tax $255.21 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Giner Real Estate Inc.
Agency Contact: 914-263-0345
Shown By
Agent Name: Lynn Fox Kirschbaum
Agent Phone: (516) 665-2000
Agency Title: Coldwell Banker American Homes
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592 Long Pond Road | MLS# 990295
This multi-family property located at 592 Long Pond Road, Mahopac, NY 10541 is currently listed for sale with an asking price of $875,000. Long Pond Road is located within the Mahopac school district. Search Mahopac real estate on lynnfox-kirschbaum.cbamhomes.com today.