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926 Lester Avenue, 
Mamaroneck, NY 10543

$949,000


Bed


Bath


2,910

Sq Ft


Multi-Family

Active

Listed by

Lindsay Rothman

Compass Greater Ny LLC.

Last updated:

August 26, 2026, 12:46 PM

MLS#

1042676

Source:

OneKey MLS

About This Home

926 Lester Avenue

Exceptional investment opportunity in the heart of Mamaroneck. Set on a quiet dead end street within walking distance of the Metro North train station, this legal two family home offers approximately 2,900 square feet of living space and delivers steady income with real upside. Both units offer three spacious bedrooms. The first floor unit features 1.5 baths, a fireplaced living room, a large eat in kitchen with laundry in the unit, an enclosed porch, and access to the deck and yard. The second floor unit offers 1 bath, a private separate side entrance, and generous living space. A full basement and built in two car garage round out the package. Beyond the primary living space, an additional approximately 296 square feet offers strong potential to be finished and utilized for added income, an opportunity to expand the property's value and returns over time. The property currently generates $5,800 per month, or $69,600 annually, with longtime tenants in place (approximately 20 years) at below market rents, providing immediate, reliable cash flow with clear room to grow. At the $949,000 asking price, it produces a 4.93% cap rate on $46,800 of net operating income, with additional value to be unlocked through future rent adjustments and property improvements. An unbeatable commuter location. Walk to the train, downtown restaurants, shopping, and Harbor Island Park and Beach, with quick, convenient access to I-95. Collect rent as a turnkey investment, or occupy one unit and let the other help pay the mortgage. A rare offering in "the friendly village" of Mamaroneck.

Home Facts

Multi-Family

Built in 1960

Price Summary

949,000

$326 per Sq. Ft.

MLS #:

1042676

Last Updated:

August 26, 2026, 12:46 PM

Added:

a month ago


Structure

Structure

Building Area:

2,910 Sq. Ft.

Year Built:

1960


Lot

Lot Size (Sq. Ft):

5,092


Finances & Disclosures

Finances

Price:

$949,000

Price per Sq. Ft:

$326 per Sq. Ft.

Source:OneKey MLS
Copyright 2026 OneKey MLS. All rights reserved. Listings courtesy of OneKey MLS as distributed by MLS GRID . OneKey MLS provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. OneKey MLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of OneKey MLS.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.