Putnam County Multi-Family Properties for Sale

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Newest Putnam County Multi-Family Homes for Sale

$689,000

4 Beds ⋅ 3 Baths ⋅ 1028933 MLS

Legal Two-Family | Income-Producing Opportunity | Sweeping Year-Round Views of Junior Lake Rare opportunity to own a beautifully maintained legal multi-unit home in the sought-after Lake Peekskill community of Putnam Valley. Whether you're an investor looking to generate rental income, an owner-occupant hoping to offset your mortgage, or a buyer seeking flexible multi-generational living, this versatile property offers the perfect blend of income potential, comfort, and natural beauty. The main residence welcomes you with a bright, thoughtfully designed floor plan featuring a formal dining room accented by a custom wood ceiling, an updated eat-in kitchen with refreshed cabinetry, stainless steel appliances, breakfast bar seating, tile flooring, and a sunny breakfast nook. The spacious living room is anchored by a picturesque bay window framing sweeping year-round views of Junior Lake, while the primary suite offers a renovated ensuite bath, complemented by additional bedrooms and a second full bath. Designed as a legal apartment, the walkout lower level features two private entrances, a living room, bedroom, renovated full bath, and direct access to an expansive brand-new deck overlooking the backyard and sweeping year-round views of Junior Lake. The apartment was recently used to accommodate extended family, so the stove and refrigerator were removed, and the interior door separating the apartment from the main residence will need to be reinstalled to restore its original configuration. Existing kitchen cabinetry and plumbing remain in place, allowing the next owner to easily reinstall the appliances and door, returning the apartment to its original use. Outside, the property truly shines. Thoughtfully curated perennial gardens, colorful seasonal blooms, mature landscaping, and peaceful outdoor living spaces create a private retreat that's perfect for entertaining, dining al fresco, or simply relaxing while enjoying the tranquil surroundings. Recent improvements include a new septic tank, removal of the underground oil tank, energy-efficient ductless air conditioning on both levels, and a heat pump built into the home's HVAC system. Residents enjoy Lake Peekskill lake rights with swimming, fishing, kayaking, and non-motorized boating, along with easy access to Metro-North, the Taconic State Parkway, Route 6, shopping, dining, and the many outdoor recreational opportunities the Hudson Valley has to offer. Offering income potential, flexible living arrangements, exceptional outdoor living, sweeping year-round views of Junior Lake, and beautifully maintained gardens, this legal two-family presents a rare opportunity to enjoy the best of Hudson Valley living while building long-term value.

18 Sylvan Road, Lake Peekskill

$899,000

7 Beds ⋅ 4 Baths ⋅ 1026881 MLS

WELCOME to 58 Belden Road and a very quiet retreat featuring 2 updated homes (4BR and 3BR) on one large parcel. Private country getaway with endless possibilities - and close to shopping, restaurants and more. Discover a rare opportunity to own a unique and versatile property offering privacy, space and lifestyle all in one. A long driveway introduces this wonderful hideaway. Set well a good distance from the road, this peaceful and secluded property features two distinct homes, making it ideal for extended family living, rental income, guest accommodations or even a private home office setup. Surrounded by natural beauty, the property includes a charming garden area, a shed for storage or workshop use and space for animals (chicken coup) making it perfect for those seeking a more rural and self-sufficient lifestyle. With horse property potential, there is ample room to create your own small farm. The grounds feature lots of shade for summer comfort. There's a naturally fed in-ground spring pool with lots of potential if rehabilitated and could be perfect for outdoor entertaining and summer enjoyment. Quite possibly one of the most beautiful parcels and outdoor settings at any price. Whether you're looking for multi-generational living, investment potential or simply a private escape with room to grow, this special property offers a rare combination of flexibility, privacy and country charm. Both homes offer you a warm and comfortable feeling. A truly unique offering with endless possibilities—come explore the potential for yourself. Bonus? There's a built-in generator, an upgraded 200-amp electric panel, a brand new heating system and town water and sewer. Second home rental will cover your taxes!!

58 Belden Road, Carmel

$649,900

4 Beds ⋅ 2 Baths ⋅ 1021571 MLS

They didn't build many true two-family homes here, which is exactly why 361 Lake Drive is so extraordinary. In fact, it's one of the only ones in town. Whether you're looking for an exceptional investment, a place where rental income helps offset expenses, or a flexible setup where loved ones can live together while maintaining their own privacy, this property offers versatility that is incredibly hard to come by. Then there's the house itself. What sets this home apart is the character you simply cannot recreate. Beautifully updated while honoring its original design, every space showcases timeless qualities and distinguished touches that make it truly special. Stunning built-in bookshelves, original woodwork, antique doorways, a wood-burning fireplace, and graceful flow throughout creates a sense of warmth, charm, and individuality. There are two spacious separate apartments, each with its own private entrance and electric meter, plus an additional landlord meter servicing the basement. Live in one apartment and rent the other, rent both for income, or create the perfect arrangement for extended family or friends. The first apartment offers expansive living and dining spaces, a charming vintage-inspired eat-in kitchen, two comfortable bedrooms, a full bath, office or guest space, and an enclosed porch with seasonal lake views. The kitchen brings so much personality with turquoise cabinetry, crisp white appliances, an antique sink, patterned walls, and a propane stove. Just imagine the meals prepared and gatherings shared in this truly unique space. Upstairs, the second apartment continues the home's timeless character with library-style built-ins, another blissfully updated eat-in kitchen, two additional bedrooms, a bonus room, remodeled bath, and an incredible double terrace overlooking the property with seasonal lake views. Whether you're enjoying morning coffee, working outside with your laptop, or relaxing with a good book, this peaceful outdoor space is sure to become a favorite. Outside, North Beach is just behind the house, and you'll enjoy lake rights to all three neighborhood beaches for kayaking, canoeing, fishing, or simply relaxing by the water. The full walk-out basement offers abundant storage with exciting potential for future finishing. Recent improvements include a roof and water tank replaced approximately six years ago, a first-floor hot water heater replaced just one year ago, a second-floor hot water heater replaced this March, a complete whole-house electrical rewire completed in April 2026 and approved by the town, a remodeled second-floor bathroom, new second-floor kitchen flooring, new first-floor hallway flooring, refinished exterior concrete steps, new Trex steps leading to the back, interior rooms all freshly painted, and the entire exterior has been stripped and completely repainted new! Just minutes from shopping, restaurants, schools, and everyday conveniences, with highways and Metro-North approximately 10 minutes away, commuting to New York City is incredibly convenient. Enjoy easy access to the city while coming home to peaceful lake surroundings. And perhaps the most remarkable part of all... A true two-family home of this size could easily command well over $1 million in New York City. Here, just about an hour from Manhattan, you can own a property with income potential, lake rights, beautiful surroundings, and original character for only $649,900. Properties with this combination of versatility, charm, and setting are truly special and rarely available.

361 Lake Drive, Lake Peekskill

$875,000

5 Beds ⋅ 4 Baths ⋅ 990295 MLS

ATTENTION: OWNER-OCCUPANTS AND PROPERTY INVESTORS ALIKE! Rarely does a LEGAL THREE-FAMILY PROPERTY offering this level of flexibility, income potential, and future upside become available in Mahopac. Whether you're looking to house-hack and offset your housing expenses by living in one unit while collecting rental income from the others, create a multigenerational living arrangement, or add a strong-performing asset to your investment portfolio, 592 Long Pond Road presents a unique opportunity. Based upon current operations, the property is producing an approximate 6% cap rate with below-market-value rents, offering investors immediate cash flow as well as future upside potential. Situated on a level and easy-to-maintain three-quarter-acre corner lot, this well-maintained compound consists of two separate buildings featuring three legal residential units, a detached two-car garage generating separate rental income, an in-ground swimming pool, private well, two septic systems, ample off-street parking, and additional storage opportunities. The main building contains two spacious two-bedroom apartments, while the detached garage building features a one-bedroom apartment above. Two of the residential units are currently occupied by month-to-month tenants, while one apartment will be delivered vacant, creating a unique opportunity for an owner-occupant or providing the ability to lease the unit at current market rental rates. The property has been well maintained and offers multiple income streams through the residential apartments and separate garage rental. The in-ground swimming pool was fully operational during its last season of use and further enhances the property's long-term appeal and value. Conveniently located near shopping, restaurants, recreation, schools, and major commuter routes, this is a rare opportunity to acquire a LEGAL THREE-FAMILY COMPOUND that successfully combines owner-occupant appeal, investment performance, and future flexibility in one complete package. Let's start the conversation!

592 Long Pond Road, Mahopac

$565,000

3 Beds ⋅ 2 Baths ⋅ 1014661 MLS

Unlock the possibilities with this income-generating two-family property in the highly desirable Putnam Lake community. This duplex offers two distinct living spaces, creating an excellent opportunity for rental income, owner-occupancy with supplemental income, or multi-generational living. Unit 1 offers 2 bedrooms, 1 full bathroom, and a kitchen equipped with stainless steel appliances. Unit 2 is a 1-bedroom, 1-bathroom apartment that offers excellent potential and is ready for your finishing touches. A finished attic provides additional storage space for Unit 2. The finished basement includes a shared laundry area and an additional bathroom for tenant convenience. The property also offers a driveway with parking for up to four vehicles. Tenants are responsible for electric, while the landlord provides oil heat. Enjoy Putnam Lake rights and convenient access to the lake, boat launch, and recreational amenities just around the corner. The location offers easy access to shuttle bus service, a local market, deli, and neighborhood restaurants. Nearby Southeast provides additional shopping, supermarkets, dining, and everyday conveniences. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this property offers excellent potential in a convenient location.

123 Haviland Drive, Patterson

$475,000

3 Beds ⋅ 2 Baths ⋅ 1006422 MLS

Turn your housing payment into an investment! Whether you're a first-time buyer, investor, or looking for multi-generational living, this move-in-ready two-family offers the opportunity to live in one unit while rental income from the second helps offset your mortgage. Featuring a spacious 2-bedroom apartment and a comfortable 1-bedroom apartment, this well-maintained property has already been updated, making it truly turnkey. Additional highlights include a detached garage, off-street parking, separate utilities, an unfinished basement with abundant storage, and a convenient location just minutes to the Metro-North station, shops, restaurants, parks, and major highways. A rare opportunity to own an income-producing property that's ready from day one.

159 Main Street, Brewster

$769,000

1005120 MLS

Located on one of the most active commercial stretches in Mahopac, 544 Route 6 is a mixed-use property combining a substantial commercial space with a residential apartment in the heart of Putnam County. Route 6 at this location carries approximately 17,307 vehicles per day, one of the highest traffic counts in the Mahopac market and a draw that few commercial locations in the area can match. The commercial space totals more than 1,700 square feet across a series of connected rooms running the width of the building, with angled ceilings that add volume and presence to the main showroom and a double entry door, a central section with decorative ceiling tile and a half bath, and a third room with its own street-facing entry off the front sidewalk, giving a new owner real flexibility to configure distinct areas for different business functions. The space is suited for professional offices, medical and wellness practices, retail showrooms, service businesses, studios, and specialty boutiques, and the Route 6 frontage means the business inside benefits from passing traffic every hour of the day. An owner-occupant can operate from the commercial space and live in the apartment above, while an investor can lease both units separately for two independent income streams. Signage on Route 6 puts a business in front of thousands of drivers daily, in a corridor where street presence translates directly into awareness and foot traffic. Street parking is available directly in front of the building, with 3 spaces in the lower lot and 10 or more spaces in the upper rear lot. Parking at this scale is uncommon for Route 6 commercial properties and is a practical advantage for any business that serves walk-in customers, scheduled appointments, or a steady flow of daily visitors. A large storage structure on the property adds room for inventory, equipment, or supplies without the cost of off-site storage. Above the commercial space, a two-level residential apartment offers more than 1,000 square feet of living space with two bedrooms that live like three, hardwood floors throughout, arched doorways, a stone fireplace, an updated bathroom with walk-in shower, and a private deck. The apartment is comfortable and well laid out, suited for an owner-user who wants to live where they work or a landlord looking for residential rental income to help carry the property. 544 Route 6 is located in the Town of Carmel, within easy reach of Lake Mahopac, Putnam Plaza, local schools, restaurants, and the everyday services that make Mahopac one of the most established communities in the Hudson Valley. The Taconic State Parkway is easily accessible, and Metro-North rail service at Croton Falls station connects the area to New York City, making this corridor practical for businesses serving both local residents and commuters. Mixed-use properties on Route 6 in Mahopac with this traffic volume, commercial square footage, residential income component, and on-site parking rarely come to market. 544 Route 6 is available for purchase as an owner-user opportunity, a pure investment, or a combination of both.

544 Route 6, Mahopac

$550,000

2 Beds ⋅ 1 Baths ⋅ 1001735 MLS

2 unit building, close to town, commuting, shopping, restaurants

18 Church Street, Carmel

$625,000

4 Beds ⋅ 3 Baths ⋅ 1001714 MLS

3 apartment house, 1 2bedroom, 2 1 bedroom units. close to commuting, and shopping , restaurants.

1773 Route 6, Carmel

$899,000

5 Beds ⋅ 2 Baths ⋅ 995783 MLS

Rare opportunity to own two separate homes on a peaceful, private road in Mahopac. Welcome to 54–58 De Liso Lane, offering a versatile property setup ideal for a variety of living needs. The main residence features 4 bedrooms and 1.5 bathrooms with a spacious layout perfect for everyday living and entertaining. The detached cottage includes 1 bedroom and 1 full bathroom, offering flexible use for extended living, guests, or potential rental income, subject to local regulations. Set in a private setting, the property provides outdoor space for recreation and enjoyment. Conveniently located near local shopping, dining, schools, and major roadways, this property offers accessibility while maintaining a quiet residential atmosphere. A unique opportunity for those seeking multi-generational living or separate living spaces within one property.

54-58 De Liso Lane, Mahopac

$1,325,000

6 Beds ⋅ 3 Baths ⋅ 988763 MLS

Exceptional 3-Unit Investment Property in the Heart of Cold Spring Rare opportunity to own a well-maintained three-unit residential rental property on a side street in the charming Village of Cold Spring. This income-producing building features three spacious two-bedroom apartments, each with separate electric meters, electric heat, and electric hot water—offering convenience and simplified management. Each apartment includes a generous eat-in kitchen, comfortable living room, and in-unit washer/dryers. The top-floor unit also features a dishwasher. The property is currently fully furnished and may be acquired furnished or unfurnished, creating flexible rental options for owners or tenants. Additional value-and opportunities include a large attic with approximately 7-foot ceilings—ideal for storage, studio, or office use—as well as a full basement for additional storage needs. Residents enjoy an unbeatable location close to Cold Spring’s celebrated shops, restaurants, hiking trails, and convenient access to the Metro-North Railroad for an easy commute to New York City. Apartment Highlights First Floor: Tranquil and cozy layout featuring a spacious primary bedroom, inviting eat-in kitchen, and a front porch perfect for morning coffee or evening relaxation. Second Floor: Unique New Orleans-style outdoor veranda, a rare in Cold Spring, plus abundant natural light, spacious eat-in kitchen, and peaceful bedrooms. Third Floor: Perched high above the village, this airy apartment feels private and serene with sunny interiors and charming peek-a-boo views of the Hudson River. A distinctive multi-family property in one of the Hudson Valley’s most desirable river towns. Ideal for investors, owner-occupants, or those seeking a flexible live/work opportunity.

24 Rock Street, Cold Spring

$650,000

988865 MLS

Two Separate Homes – Sold Together! Unique opportunity to own two properties in one package with winter lake views, lake rights, and beach access. Perfect for owner-occupants or investors—live in one and rent the other. #65 features 2 bedrooms, 2 full bathrooms, a cozy fireplace, and a spacious deck—ideal for relaxing or entertaining. #67 Features 1 Bedroom, 1 bath, a large deck and a nice private yard. Both homes include generator hookups and provide a private, peaceful setting, yet are conveniently located for commuters. As Is Sale

67 Worthington Court E Unit #65, Carmel

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Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . 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.