Pending

236 State Route 32

New Paltz, NY 12561

$475,000 $2,002/Mo

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Overview

Bed

Bath

1.06

Acres(Lot)

Description

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 r oll is below market, leaving room for future rent increases and higher returns.

Property Details

Property Type : Residential Income

Price : $475,000

AD Id : 64203116

MLS Id : 851301

Lot Size : 1.06 Acres

Year Built : 1900

County : Ulster

Map

What's Nearby

Nearby Areas

Features

Room Information

Basement: Full
Interior Features

Other
Heating & Cooling

Has Heating: Yes Heating: Baseboard, Electric, Other Cooling: None

Building Information

Year Built: 1900 Construction Materials: Frame Private Pool: No

Lot Information

Lot Size Acres: 1.06 Lot Size Square Feet: 46174

Listing Price Information

Listing Price: $475000

Tax Information

Parcel Number: 3889-094.002-0004-008.000-0000 Annual Tax: $6824.85

School Information

Elementary School: Duzine

Junior High School: New Paltz Middle School

Senior High School: New Paltz Senior High School
Utility Information

Electricity Connected
Location Information

Direction: Take 32 south from village a few miles and the property will be on your left WaterSource: Private, Well

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
131 Station Road, New Paltz, NY, 12561	$395,000	4	2	1,494	1,494 SqFt
39 N Chestnut Street, New Paltz, NY, 12561	$1,199,999	9	4	--

The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

ByOwner last updated this listing 06/10/2026 @ 01:28

MLS: 851301 LISTED BY: Jason Schobert, eXp Realty 888-276-0630 SOURCE: OneKey MLS