20 Melnick Place, Lake Peekskill, NY 10537

• 4 beds |
• 2 baths |
• 1,387 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 7:22AM

Listing Office:

Tompkins Realty : 914-265-6699

MLS ID:

999121

Interior

• General: First Floor BedroomFirst Floor Full Bath
• Basement: Unfinished
• A/C: Varies by Unit
• Heating: Electric

Exterior

• Parking: Driveway

Location

• Originating MLS: onekey2
• School District: Putnam Valley
• County: Putnam County

Lot

• Zoning: 372800-091-026-0001-054-000-0000

Utilities

• Utilities: Cable AvailableElectricity ConnectedPropane
• Water: Well
• Sewer: Septic Tank

Financial

• Source: onekey2