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    234 State Route 32 S New Paltz, NY 12561

    Sponsored
    For Sale
    Pending
    $389,000

    Duplex - New Paltz, NY

    Type:Duplex
    Lot size:
    1.20 Acres
    Days on Market:
    83
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 234 State Route 32 S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Rooms
    Basement
    APN
    3889-094.002-0004-009.000-0000
    Interior features
    First Floor Bedroom
    Basement Y/N
    1
    Lot size
    1.20 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)

    Building Details

    Year built
    1900
    Number of units
    2
    Building materials
    Frame
    Architectural style
    Other

    eXp Realty (888) 276-0630 [email protected]

    Listing agent Jason W. Schobert (888) 276-0630 License #10401343949

    Listing date Oct 15, 2025

    MLS# 851293 Listing URL

    Copyright © 2025 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.

    Overview

    New Paltz Duplex Investment

    This well-maintained, fully occupied duplex presents a turn-key investment opportunity in the heart of New Paltz. The property features two spacious units, each containing 2 bedrooms and 1 bathroom within 1,138 square feet of living space. Both units are currently occupied by long-term tenants, with one tenant residing at the property for 7 years. The current rental income totals $3,050 per month, with tenants responsible for all utilities. Rents have the potential to grow, as current rates are below market value, with comparable 2-bedroom rentals in the area averaging around $2,000 per month. The property also includes a concrete block shed, offering additional income potential through storage rental or other creative uses. The property is situated on a 1.2-acre lot in Ulster County, New York.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Building Supply Spa & Massage Auto Repair Shop Department Store Food Market Grocery Store Electrical Service Daycare Center Tech Support Center Coworking Space

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

    Location Insight

    • Map
    • Local Demand
    City
    New Paltz
    County
    Ulster
    State
    New York
    Longitude
    -74.084015
    Latitude
    41.7157547

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    FAQs

    What type of property is this?
    Duplex - Turn-key, fully occupied duplex in the heart of New Paltz.
    Where is this duplex located?
    The property is located at 234 State Route 32 S New Paltz, NY.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: - Fully occupied, income-producing 2-family property.; - Below-market rents offer significant income growth potential.; - Located in the heart of New Paltz with low taxes.
    (845) 249-5249
    Request Owner's contact information
    234 State Route 32 S New Paltz, NY 12561
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    New Paltz, NY 12561
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    Realmo Value Estimation

    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.

    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.

    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
    234 State Route 32 S New Paltz, NY 12561
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