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    154 3Rd St Newburgh, NY 12550

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    Sponsored
    For Sale
    $659,000

    MULTI_FAMILY - Victorian - Newburgh, NY

    Property size:
    2,955 SF
    Lot size:
    0.04 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 6 at 7:06 pm

    Property Features for 154 3Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 4, Basement, Bedroom 3, Bedroom 8, Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Dining Room, Bedroom 6, Bedroom 7
    Bedrooms
    8
    Bathrooms
    4
    APN
    331100-018-000-0010-010.000-0000
    Parking features
    On Street
    Patio and Porch features
    Porch
    Interior features
    First Floor Bedroom, First Floor Full Bath, Formal Dining, High Ceilings, Quartz/Quartzite Counters, Recessed Lighting, Smart Thermostat
    Basement
    Full
    Size
    2,955 SF
    Lot size
    0.04 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    2
    Flooring type
    Tile - Ceramic, Hardwood
    Building materials
    Brick
    Architectural style
    Victorian

    We can help!

    Listing Contact
    Richard M. Dipietro

    Keller Williams Hudson Valley Realty & United (845) 639-0300

    Listing agent Richard M. Dipietro (347) 693-2995

    Listing date Mar 6, 2026

    MLS# 929952

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Victorian Multi-Family Home

    Located in the heart of Newburgh, this fully renovated historic Victorian is a legal two-family home featuring a rare interior connection, ideal for mother-daughter or multigenerational living. The turn-key property blends 1900s architectural charm with modern luxury upgrades, offering flexibility for owner-occupants, multigenerational households, or investors seeking rental income. The interior connection between the two units is highlighted by an original wooden staircase and preserved woodwork. Built around 1900, this three-level property offers versatile living arrangements. The upper levels include living areas, bedrooms, and bathrooms, while the lower level features a renovated kitchen and living space. The home can function as a traditional legal two-family income property, an owner-occupied home with rental income, a mother-daughter or multigenerational residence, or a large single-family home. The property features high ceilings, expansive original windows, and antique woodwork. Architectural highlights include the grand original staircase, functional pocket doors, and preserved trim. Every system and surface has been upgraded with high-end finishes and modern infrastructure. New features include two separate, efficient combi gas boilers providing heat and on-demand hot water, new plumbing and electrical systems, and a mandated sprinkler system. The exterior features a restored historic front porch. Both units include new kitchens with quartz countertops and backsplashes, a full suite of new LG smart appliances, and in-unit LG washer and dryer. The renovated bathrooms feature new tiling, modern vanities, hardware, and new toilets. Fresh paint, new doors, refinished original trim, and updated flooring are present throughout the property. The property sits on a 0.0436-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newburgh
    County
    Orange
    State
    New York
    Longitude
    -74.01319
    Latitude
    41.504368

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    FAQs

    What type of property is this?
    Duplex - Historic Newburgh Victorian, fully renovated, ideal for multi-generational living.
    Where is this duplex located?
    The property is located at 154 3Rd St Newburgh, NY.
    What is the asking price?
    The asking price for this property is $659,000.
    What are key features of this property?
    This property features: - Rare interior connection between two units, ideal for mother-daughter or multigenerational living, while also functioning as a legal two-family.; - **Fully renovated with brand-new, high-end finishes and modern infrastructure throughout, including new kitchens with quartz countertops and LG smart appliances, spa-like bathrooms, and in-unit laundry.**; - Exceptional flexibility for owner-occupants seeking rental income, investors, or multigenerational households.
    (347) 693-2995
    Request Owner's contact information
    154 3Rd St Newburgh, NY 12550
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    Newburgh, NY 12550
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    154 3Rd St Newburgh, NY 12550
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    We can help!
    Listing Contact
    Richard M. Dipietro
    (347) 693-2995
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