540 N James Street
About This Property
Step inside to find a spacious main level featuring a bright and inviting living room-perfect for relaxing or gathering with friends and family. The formal dining room provides a dedicated space for meals and entertaining, with easy access to the kitchen for convenience. The kitchen offers ample workspace and storage, with a functional layout that flows naturally into the rest of the home.
One bedroom is conveniently located on the first floor, offering flexibility for guests, a home office, or single-level living. Upstairs, you'll find two additional bedrooms with classic charm and cozy appeal.
Throughout the home, you'll notice abundant storage options, including a full basement and a walk-up attic-ideal for keeping seasonal items organized or exploring future expansion possibilities.
Outside, enjoy a generous backyard with plenty of room for outdoor dining, gardening, play, or relaxation. A two-story shed offers additional storage space and presents exciting potential for conversion into a workshop, studio, or finished bonus area. The welcoming three-season front porch is the perfect spot to unwind with your morning coffee or enjoy a quiet evening.
With its desirable location close to downtown Peekskill's shops, restaurants, and amenities, combined with its comfortable layout and inviting character, this home is a fantastic opportunity to settle into a peaceful neighborhood while staying connected to everything the area has to offer.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 26, 2026 | Price Decreased |
$499,999
↓ $10K
(2%) | |
| Price Decreased | |||
| Apr 25, 2026 | Price Decreased |
$510,000
↓ $15K
(2.9%) | |
| Price Decreased | |||
| Mar 31, 2026 | Listed by Schunk Realty Group | $525,000 | |
| Listed by Schunk Realty Group | |||
| Nov 30, 2016 | Sold | ||
| Sold | |||
| May 24, 2016 | Listed by Schunk Realty Group | $125,000 | |
| Listed by Schunk Realty Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017