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38 Madeleine Avenue

New Rochelle, NY 10801

8 beds
3 baths
3,172 sqft
3,920 sqft lot
$346 per sqft
1908 build
– on site

Sound investment property with tenants in place on a month to moth basis. Nothing to do but take possession and collect rent! Updates in 2019 include electrical, plumbing, windows, 3 new heating units, 3 new kitchens and and baths, exterior painting, and paved parking lot. Tenants in each unit pays for their own gas and electric usage, which incudes a washer and gas dryer provided for each unit in the basement. Washers and dryers usage paid by tenants. Private, off street parking on premises. Cap rate is 5.51%. Net operating income currently $60,628.

Listing courtesy of ONEKEY / William Raveis Real Estate

Last checked: Checking… • Last updated Mar 18, 2025 •

MLS# 834759 —

The Building

Year Built:

1908
Basement:

true
Construction Materials:

Aluminum Siding, Brick, Stucco
# of Total Units:

3
Year Built Effective:

2019
Building Area Units:

Square Feet
Building Area Total:

3172
Building Area Source:

Public Records
Window Features:

New Windows
Laundry Features:

In Basement

Interior

Interior Features:

First Floor Bedroom, First Floor Full Bath, Entrance Foyer
Fireplace:

false
Flooring:

Hardwood, Vinyl

Financial & Terms

Tenant Pays:

Electricity, Gas, Heat

The Property

Fencing:

Back Yard
Lot Size Acres:

0.09
Parcel Number:

1000-000-004-01314-000-0006
Property Type:

Residential Income
Property Subtype:

Triplex
Lot Size SqFt:

3,920 Sqft
Property Attached:

false
Property Description:

Flats
Property Condition:

Updated/Remodeled
Additional Parcels:

false
Waterfront:

false
Water Access:

No
Road Frontage Type:

Municipal
Road Responsibility:

Public Maintained Road

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Source:

Municipality
Tax Annual Amount:

15967.83
Included In Taxes:

Sewer,Trash

Beds

Total Bedrooms:

8

Baths

Full Baths:

3
Total Baths:

3

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Natural Gas
Cooling:

None
# of Heat Units:

3
# of Heating Zones:

3

Utilities

Sewer:

Public Sewer
Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water Source:

Public
Electric Company:

Con Edison
Water Sewer Expense:

1000
# of Separate Gas Meters:

3
# of Separate Electric Meters:

4

Schools

High School:

New Rochelle High School
Elementary School:

Columbus
High School District:

New Rochelle
Middle School:

Isaac E Young Middle School

The Community

Senior Community:

false
Additional Fees:

No
Pool Private:

false
Spa:

false
Maintenance Expense:

1000

Parking

Parking Features:

Driveway, Off Street, On Street, Parking Lot, Private
Parking Total:

8
Garage:

false
Carport:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/18/25 Mar 18, 2025	Listed / Active	ONEKEY	$1,100,000	126.8% (20.0% / YR)
11/9/18 Nov 9, 2018		ONEKEY	$485,000

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This multifamily located in French Ridge, New Rochelle, NY 10801 is currently for sale for $1,100,000. 38 Madeleine Avenue is a 3,172 square foot multifamily with 8 beds and 3 baths that has been on Estately for 0 days. 38 Madeleine Avenue is in the French Ridge neighborhood of New Rochelle and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of New Rochelle High School, Isaac E. Young Middle School, and Columbus Elementary School.

Listing Courtesy of: ONEKEY and William Raveis Real Estate.

IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.