Pending

37-69 Mt. Ava Maria Drive

Phoenicia, NY 12464

$1,900,000 $8,010/Mo

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Overview

Bed

Bath

8.54

Acres(Lot)

Description

Unique Investment Opportunity - An exceptional offering: a 19-unit multi-family compound located in the heart of one of the Hudson Valley's most beloved travel destinations; Phoenicia, New York. The property spans 8.54 picturesque acres, featuring four residential buildings that include: (3) Studios (5) One-bedroom units (9) Two-bedroom units (2) Three-plus-bedroom apartments The grounds are beautifully maintained with mature trees, open fields, ample parking, and direct access via a paved municipal street. Currently delivering a cap rate of 8.71 with clear potential for increased returns. Endless possibilities: continue operating as a high-yield rental property, or reimagine it as a family retreat, community living space, etc. Rich History - The existing structures were once part of the 1878 Tremper House of Phoenicia, a grand hotel that overlooked the town and the surrounding Catskill Mountains. Later renamed the Washington Inn, it was known for its luxurious accommodations before being largely destroyed by fire in 1908. Remaining original structures include what were once the carriage house, horse stalls, two-lane bowling alley, chapel, private cottages, and parts of the original hotel. Notable historic features like the music gazebo and water fountain still exist and await restoration. Highlights - Family owned for over 50 years. Rents are currently below market, offering significant upside. Long-term tenants provide reliable income. New roofs on all four buildings (within last 6 years). On-site coin-operated laundry room. Heating system under regular service contract. Ideal Location: 15 minutes to Woodstock. 30 minutes to Uptown Kingston and the NYS Thruway traffic circle. Walking distance to downtown Phoenicia, with bus service to/from NYC. Close to top local attractions: Empire State Railroad Museum, Emerson Spa and Kaleidoscope, Woodland Valley Museum, Catskill Rail Explorers, Esopus Creek (for fly fishing), hiking trails, mountain climbing, and premier restaurants. Nearby winter resorts include Belleayre, Catamount, Hunter Mountain, and Windham Mountain Club.

Property Details

Property Type : Residential Income

Price : $1,900,000

AD Id : 74807650

MLS Id : 20254524

Beds : 30

Lot Size : 8.54 Acres

Year Built : 1870

County : Ulster

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 30
Roofing Information

Asphalt, Membrane
Interior Features

Roof: Asphalt, Membrane Appliances: Range, Refrigerator, Washer/Dryer Laundry Features: Laundry Room

Building Information

Year Built: 1870 Private Pool: No

Lot Information

Main Square Feet: 8.54 Acres Lot Size Acres: 8.54 Lot Size Square Feet: 372002.4

Listing Price Information

Listing Price: $1900000

Tax Information

Parcel Number: 14.1-2-2.100 Tax Lot: 2 Tax Block: 2.100 Tax Year: 2025 Annual Tax: $20830 Tax Legal Desc: 411 Apartment

Parking Information

Additional Parking, Gravel, Paved

Garage Information

Has Garage: Yes

Location Information

WaterSource: Public

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Ulster County Board of REALTORS®. 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 Ulster County Board of REALTORS®, Inc.

ByOwner last updated this listing 06/23/2026 @ 06:42

MLS: 20254524 LISTED BY: Margaret Bryngelson, Off The Wall Management LLC SOURCE: Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS)