236 State Route 32 S

New Paltz, NY 12561 Directions
$475,000
  • 1.06Acres
  • 1900Built
  • DuzineElementary

Property Highlights

  • Mid. School: New Paltz Middle School
  • High School: New Paltz Senior High School
  • Days on Market: 176
  • MLS: 851301
  • Listing Pending

Property Highlights

  • Mid. School: New Paltz Middle School
  • High School: New Paltz Senior High School
  • Days on Market: 176
  • MLS: 851301
  • Listing Pending

Excellent Investment Opportunity - Fully Occupied 3-Family with Expansion Potential This income-generating 3-family property is fully occupied and currently bringing in 4,350 per month, with tenants responsible for all utilities. The building features two 1-bedroom units and one 2-bedroom unit, with an unfinished 4th unit that offers excellent potential for added value. The entire floor is included in the tax-recorded square footage and can be reconverted into a legal unit with the proper permits—unlocking even more income potential. Highlights include a durable metal roof, ample off-street parking with space for more vehicles than needed, and...

Property Highlights

  • Mid. School: New Paltz Middle School
  • High School: New Paltz Senior High School
  • Days on Market: 176
  • MLS: 851301
  • Listing Pending

Excellent Investment Opportunity - Fully Occupied 3-Family with Expansion Potential This income-generating 3-family property is fully occupied and currently bringing in 4,350 per month, with tenants responsible for all utilities. The building features two 1-bedroom units and one 2-bedroom unit, with an unfinished 4th unit that offers excellent potential for added value. The entire floor is included in the tax-recorded square footage and can be reconverted into a legal unit with the proper permits—unlocking even more income potential. Highlights include a durable metal roof, ample off-street parking with space for more vehicles than needed, and a solid rental history. While the exterior could benefit from some TLC, the property offers strong bones and immediate cash flow. The current rent roll is below market, leaving room for future rent increases and higher returns.

Excellent Investment Opportunity - Fully Occupied 3-Family with Expansion Potential This income-generating 3-family property is fully occupied and currently bringing in 4,350 per month, with tenants responsible for all utilities. The building features two 1-bedroom units and one 2-bedroom unit, with an unfinished 4th unit that offers excellent potential for added value. The entire floor is included in the tax-recorded square footage and can be reconverted into a legal unit with the proper permits—unlocking even more income potential. Highlights include a durable metal roof, ample off-street parking with space for more vehicles than needed, and a solid rental history. While the exterior could benefit from some TLC, the property offers strong bones and immediate cash flow. The current rent roll is below market, leaving room for future rent increases and higher returns.

Read MoreRead Less
  • Additional Information
    • Basement Description: Full
    • Days On Market: 176
    • Elementary School: Duzine
    • Elementary School District: New Paltz
    • High School: New Paltz Senior High School
    • Middle School: New Paltz Middle School
    • On Market Date: 2025-04-22
    • Sewer: Septic Tank
    • Style: Colonial
    • Tax Amount: $6,824
    • Type: Residential Income
    • Unit Count: 3
    • Utilities: Electricity Connected
    • Year Built: 1900
  • Interior/Exterior Features
    • Construction Materials: Frame
    • Heat: Baseboard, Electric, Other
    • Interior Features: Other
Listing Courtesy of Jason Schobert of eXp Realty.
Click to view full screen