58 Palmer Road
Yonkers, NY, 10701 $ 625,000
Bedrooms5 Baths3.0 Sq 1,544 Monthly Estimate*
$ 3,946
for $625,000 with 5 bedrooms and 3 full baths. This 1,544 square foot home was built in 1956 on a lot size of 0.0817.
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.
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FeaturesInteriorInterior Amenities High Ceilings Natural Woodwork Other Storage Walk Through Kitchen
Basement Finished Storage Space Walk-Out Access
Basement Features Finished Storage Space Walk-Out Access
Basement (Y/N) Y
Total Bedrooms 5
Total Baths 3
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GeneralSewer Public Sewer
Heating Natural Gas Other
Cooling Wall/Window Unit(s)
Utilities Electricity Connected Natural Gas Connected Sewer Connected Trash Collection Public Water Connected
Architectural Style Chalet
Construction Materials Brick Frame
Year Built 1956
Property Subtype Duplex
Tax Year 2026
Parcel Number 1800-002-000-02190-000-0071
County Westchester County
Property Type Residential Income
Garage Y/N N
Full Baths 3
High School Yonkers (School Choice)
City Yonkers
Senior Community Y/N N
High School District Yonkers
Number Of Units Total 2
Carport Y/N N
Elementary School Yonkers (School Choice)
Property Attached Y/N Y
Tax Annual Amount 9263
Middle/Junior High School Yonkers (School Choice)
Building Area Units Square Feet
Standard Status Active
Middle/Junior School District Yonkers
Elementary School District Yonkers
Tax Assessed Value 8778
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ExteriorParking Features Driveway Driveway
Water Source Public
Building Area Total 1544
Waterfront Y/N N
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* Excluded FeaturesList ByManuel GalanListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $3,946
- Monthly Property Taxes
- $772
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Yonkers, NY
Average List Price $1,001,518
Percent of Sale Price 60%
About Yonkers, NY 203,929 Population
4% Since 2002
$ 63,012 Median Income
39.46 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
5435050 Elementary School
5435045 Middle School
Yonkers (School Choice) High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/25/2026 | $625,000 | | Listed Price |