Jessica Lane - Liz McCarron Team
New Listing - 05/15/2026
20 Melnick Place, Lake Peekskill, NY, 10537
4 beds
2 Full baths
1950
Duplex
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.
Status:
Active
Type:
Single-family residential
Units:
2
Heating:
Electric
Cooling:
Varies by Unit
Basement:
Unfinished
Parking:
Driveway
Acreage:
0.18
Est. Taxes:
$13,047
Assessment
$413,300
Construction
Vinyl Siding
Utilities
Cable Available, Electricity Connected, Propane
Elementary School:
Putnam Valley Elementary School
Middle School:
Putnam Valley Middle School
High School:
Putnam Valley High School
School District:
Putnam Valley
MLS #:
999121
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Tompkins Realty 914-265-6699