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3 Ann Street

New Paltz, NY 12561

$999,999

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Overview

Bed

Bath

1.59

Acres(Lot)

Description

**Exceptional Fourplex Opportunity in the Heart of New Paltz** Welcome to 3 Ann Street, New Paltz, NY — a rare opportunity to own a four-unit property in one of the Hudson Valley's most desirable and consistently high-demand rental markets. Offered at an exceptional price point for New Paltz, this property presents a unique opportunity for investors, owner-occupants, and house hackers to acquire a multifamily asset with immediate upside potential. The current pricing reflects one unfinished apartment renovation, creating an opportunity for the next owner to add value and build equity from day one. To further support the completion of the project, all renovation materials and supplies currently on-site will be included in the sale. The seller simply did not have the opportunity to complet e the work. The property consists of three spacious 2-bedroom apartments and one 1-bedroom apartment, offering attractive layouts and strong rental appeal. Three of the four units are currently vacant by design, providing maximum flexibility for the next owner to establish market rents, select tenants, or occupy a unit while generating income from the others. The current owner intentionally chose not to fill the vacancies in order to provide the broadest range of opportunities for future ownership. Recent capital improvements include a new roof and a new oil tank, helping reduce future maintenance concerns and capital expenditures. Ideally located just minutes from SUNY New Paltz, the Village of New Paltz, restaurants, shopping, outdoor recreation, and major commuter routes, the property benefits from strong rental demand and limited multifamily inventory in one of the Hudson Valley's most sought-after communities. Whether you're seeking cash flow, long-term appreciation, portfolio expansion, or the opportunity to live in one unit while the remaining apartments help offset your housing expenses, 3 Ann Street offers exceptional flexibility and value. Please note that the listing photos represent only a portion of what this property has to offer and do not include complete photography of all four apartments. To fully appreciate the size, layout, condition, and potential of each unit, an in-person tour is highly recommended. Properties offering this combination of location, income potential, vacancy flexibility, recent improvements, built-in upside, and attractive pricing rarely become available in New Paltz. Don't miss this opportunity to secure a multifamily investment in one of the Hudson Valley's strongest rental markets.

Property Details

Property Type : Residential Income

Price : $999,999

AD Id : 85748245

MLS Id : 1016819

Beds : 7

Lot Size : 1.59 Acres

Year Built : 1960

County : Ulster

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 7

Bathroom Information

Total Baths: 4 Full Baths: 4

Room Information

Basement: Full, Unfinished
Interior Features

Other
Heating & Cooling

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

Building Information

Year Built: 1960 Building Area Total: 5131 Construction Materials: Frame Private Pool: No

Lot Information

Lot Size Acres: 1.59 Lot Size Square Feet: 69260

Listing Price Information

Listing Price: $999999

Tax Information

Parcel Number: 3889-078.020-0003-040.000-0000 Annual Tax: $14195.87

Parking Information

Driveway

School Information

Elementary School: Duzine

Junior High School: New Paltz Middle School

Senior High School: New Paltz Senior High School
Utility Information

Cable Available, Electricity Available, Water Available
Location Information

WaterSource: Public, 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
230 State Route 32, New Paltz, NY, 12561	$775,000	6	5	--
230 New York 32, New Paltz, NY, 12561	$775,000	6	5	2,937	2,937 SqFt
39 N Chestnut Street, New Paltz, NY, 12561	$1,199,999	9	4	--