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39 N Chestnut Street

New Paltz, NY 12561

$1,199,999 $5,059/Mo

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Overview

Bed

Bath

0.15

Acre(Lot)

Description

Charming 1890 brick Victorian triplex in the heart of the Village of New Paltz. Located at 39 N Chestnut St, this well-maintained multi-family property offers a rare opportunity for both owner-occupants and investors seeking strong, consistent rental income in one of the Hudson Valley’s most sought-after and high-demand village locations. It also presents a unique tri-family getaway opportunity, ideal for extended family use, multi-generational living, or a shared Hudson Valley retreat with income potential. The location is truly exceptional - set in the vibrant village core where everything is just steps away. Enjoy immediate access to SUNY New Paltz, local cafes, restaurants, shops, and daily conveniences, along with direct proximity to the Rail Trail for recreation and an easy connecti on to the broader Hudson Valley lifestyle. The Trailways bus station is also nearby, providing direct and convenient access to New York City for commuters and visitors alike. The property features a total of 3,273 square feet with three separate units. The first floor consists of a spacious 2-bedroom apartment with an additional flex room that generates $3,300/month. The second-floor unit is a 3-bedroom apartment with a monthly rental income of $2,625. The third-floor unit is a 4-bedroom apartment generating $3,000/month. Total monthly rental income is $8,925, equating to $107,100 annually. Recent improvements include a new roof installed in 2025. Tenants are responsible for their own heat and electric, helping to minimize owner expenses. The property offers off-street parking at the rear, along with a detached garage. A rare opportunity to own a character-filled 1890 brick Victorian multi-family property in a premier Village of New Paltz location - offering strong income, long-term upside, and unmatched walkability in a consistently in-demand rental market.

Property Details

Property Type : Residential Income

Price : $1,199,999

AD Id : 79000480

MLS Id : 1000543

Beds : 9

Lot Size : 0.15 Acre

Year Built : 1890

Garage : 1

County : Ulster

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 9

Bathroom Information

Total Baths: 4 Full Baths: 4

Room Information

Basement: Full, Unfinished, Walk-Out Access
Interior Features

Natural Woodwork
Heating & Cooling

Has Heating: Yes Heating: Forced Air Cooling: None

Building Information

Year Built: 1890 Building Area Total: 3273 Construction Materials: Brick Private Pool: No
Exterior Features

Exterior Features: Courtyard

Lot Information

Lot Size Acres: 0.15 Lot Size Square Feet: 6534 Lot Description: Near Golf Course, Near Public Transit

Listing Price Information

Listing Price: $1199999

Tax Information

Parcel Number: 3801-086.034-0001-009.100-0000 Annual Tax: $8592.39

Parking Information

Driveway, Garage, Parking Lot

Garage Information

Has Garage: Yes Garage Space: 1

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: From Main St, turn onto 32 N. The red brick Victorian will be on the left. WaterSource: Public

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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