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556 Westchester Avenue, Port Chester, NY, 10573

4beds
3baths
1,972sqft
$895,000
$454price/sqft
$6,505/moest. monthly cost
$260,200/yrincome needed

About This Home

Two-Family Investment Opportunity – RYE BROOK property at PORT CHESTER prices!! This beautifully maintained two-family home in the highly desirable Rye Brook area offers a rare opportunity for both investors and owner-occupants. Currently generating over $5,200/month in rental income, with rents still below market value. This property presents immediate upside potential. A standout feature is the finished, currently VACANT walk-out basement, previously used as an in-law suite. This space offers excellent flexibility and can be combined with the first-floor unit to achieve an estimated rental income of $4,200+ per month.The home features two well-appointed residential units, each with in-unit washer and dryer and hardwood floors throughout. The second-floor unit includes carpeting for added sound insulation. Highlights include: Strong Income + Value-Add Potential: Consistent cash flow with room for rent growth Flexible Layout: Ideal for investors, owner-occupants, or multi-generational living Prime Location: Quiet, tree-lined street just minutes to Rye Ridge Shopping Center, downtown Port Chester, Rye, Greenwich, Metro-North, I-287 & I-95 Ample Parking: Off-street parking for up to 6 vehicles Lower-Level Flex Space: Finished walk-out level with rec room, bath, and bonus room—perfect for extended living or recreation Outdoor Appeal: Beautifully landscaped property including Shed for extra storage.This is a rare opportunity to own a versatile, income-producing property in one of Westchester’s most sought-after locations. Don’t miss it! Residual Income , Increasing Equity and Long-Term Appreciation

Getting Around

84
WalkingVery Walkable
33
TransitSome Transit
47
BikeSomewhat Bikeable

Schools

7/10
Park Avenue SchoolGrades K-50.5 mi
4/10
5/10

Construction

Condition

  • Year built: 1958

Materials

  • Construction materials: Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Laundry features: Washer/Dryer Hookup

Basement

  • Has basement: Yes
  • Basement: Finished,Full,Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen,In-Law Floorplan
  • Flooring: Hardwood

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Wall/Window Unit(s)

Interior Area

  • Total structure area: 1,972
  • Total interior livable area: 1,972 sqft

Property

Details

  • Parcel number: 48051350000008300100430000000
  • Attached to another structure: Yes
  • Special condition: None

Lot

  • Lot size: 7,256 sqft

Parking

  • Total spaces: 6
  • Parking features: Alley Access,Attached,Driveway,Off Street,Private
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters in Westchester County and New York

Flood
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,525$54,300
Home Insurance *$283$3,396
Property Taxes $1,372$16,464
Electricity $325$3,910
Total$6,505$78,060
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$223,028/yr
40% on housing$195,150/yr
45% on housing$173,466/yr

New York FAIR Plan Programs

New York Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 20,669Commercial: 1,556
Total Premiums$32.27M
Total Exposure$7.63B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.8%
5.8%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$454This listing

vs Other Active Listings

Avg $/sqft

ZIP 10573$403
Westchester County$419

vs Homes Sold Last Month

Median $/sqft

ZIP 10573$468
Westchester County$422

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-06Price change$888,000
2026-08-03Price change$895,000
2026-07-24Price change$898,000
2026-07-22Listed for sale$899,000
2026-07-15Pending sale$899,000
2026-06-03Listed for sale$899,000
2016-05-04Sold$442,000
2016-02-17Pending sale$499,000
2015-11-26Listed for sale$499,000
2013-09-19Listing removed$439,900
2013-01-03Listed for sale$439,900
2012-11-21Listing removed$469,000
2012-07-28Listed for sale$469,000

For Sale by Agent

AgentCosmo Iadanza
BrokerageE Realty International Corp

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