BEDS5
BATHS3 full
MLS#1042859
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLYonkers
Property Description
Welcome to 58 Palmer Road in Yonkers, a classic semi-attached two-family home in the desirable Bryn Mawr (Bryn Mawr Park) neighborhood that is truly a diamond in the rough. This is a major opportunity for the right buyer or investor who has vision and is ready to put in the TLC-because while the property needs a significant amount of work, it has been priced accordingly and sits in a prime, high-demand location.The layout offers excellent flexibility. The main level features a spacious four-bedroom, two-bath duplex that opens onto a porch and leads out to a very spacious, long backyard-ideal for outdoor living, entertaining, or future enhancement once renovated. Below is a convenient ground-floor one-bedroom, one-bath walk-in unit with its own entrance. Together, the configuration supports living in one unit while collecting rent from the other, or operating the entire property as a pure investment after renovations.Location is a standout strength. Palmer Road sits right by major highways, with immediate access via the Saw Mill River Parkway (Exit 5A at Palmer Road) and quick connections to I-87 (the New York State Thruway/Major Deegan), the Cross County Parkway, and other routes. This makes commuting into Manhattan or around Westchester straightforward. The Bryn Mawr area itself is an established residential neighborhood with a mix of single- and multi-family homes, nearby green spaces including Welty Park, access toward Tibbetts Brook Park and the South County Trailway, local shopping and services, and proximity to well-regarded schools such as Saunders Trades & Technical High School (located on Palmer Road). The combination of convenience, parks, and everyday amenities keeps demand strong in this part of Yonkers.This is not a turnkey property-it will require meaningful renovation and a clear vision. But for the buyer or investor prepared to put in the work, the upside is clear: renovate, then either occupy one unit and generate rental income from the other, or hold it fully as an income-producing asset in a location that supports long-term value. Priced to reflect its current condition, 58 Palmer Road represents a genuine opportunity for someone ready to unlock its potential.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Storage Space, Walk-Out Access
Cooling: Wall/Window Unit(s)
Heating: Natural Gas, Other
Home Style: Chalet
Lot Size: 0.08 Acres
Taxes: $9,263
Year Built: 1956
Amenities
High Ceilings
Natural Woodwork
Other
Storage
Walk Through Kitchen
Feature Descriptions
Building Area Total: 1544
Days on Site: 1
Exterior: Brick, Frame
Heating Units: 1
Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
On Market Date: 2026-08-25
Parcel Number: 1800-002-000-02190-000-0071
Parking Features: Driveway
Property Attached Y/N: 1
Rental Term: Monthly
Seller Concession: Yes
Separate Electric Meters: 2
Separate Gas Meters: 2
Sewer: Public Sewer
Units: 2
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Yonkers (School Choice)
Middle School: Yonkers (School Choice)
Elementary School: Yonkers (School Choice)
School District: Yonkers
Estimate Your Payment
Estimated Payment
$ 4,114.55 per month $3,160.34 Principal & Interest $771.92 Property Tax $182.29 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: eXp Realty
Agency Contact: 888-276-0630
Shown By
Agent Name: Ruth Sobey
Agent Phone: (516) 796-8900
Agency Title: Coldwell Banker American Homes
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58 Palmer Road | MLS# 1042859
This multi-family property located at 58 Palmer Road , Yonkers, NY 10701 is currently listed for sale with an asking price of $625,000. Palmer Road is located within the Yonkers school district. Search Yonkers real estate on ruthsobey.cbamhomes.com today.