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Fully Occupied 3-Family Investment Property

236 State Route 32 S New Paltz, NY 12561

236 State Route 32 S, New Paltz, NY, 12561

$475,000

Pending

For Sale

$475,000

Pending

MULTI_FAMILY - Colonial - New Paltz, NY

Lot Size1.06 Acres

AddedApr 21, 2025

Days on Market450

Last RefreshJul 14 at 12:06 pm

Property Features for 236 State Route 32 S

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement
Basement: Full
Standard status: Pending
APN: 3889-094.002-0004-008.000-0000
Lot size: 1.06 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 6825

Utilities

Sewer type: Septic Tank
Heating system: Baseboard, Electric (Heating)
Water source: Well

Building Details

Year built: 1900
Number of units: 3
Building materials: Frame
Architectural style: Colonial

Listing agent Jason W. Schobert License #10401343949

Listing office eXp Realty 171 Main Street, Hauppauge, NY

Listing date Apr 21, 2025

MLS# 851301 Listing URL

Investment Insights

Based on property information with market context.

This fully occupied 3-family property presents an excellent investment opportunity, currently generating $4,350 per month. Tenants are responsible for all utilities. The building comprises two 1-bedroom units and one 2-bedroom unit. An unfinished 4th unit offers potential for added value; this entire floor is included in the tax-recorded square footage and can be reconverted into a legal unit with the proper permits, potentially unlocking more income. Property highlights include a durable metal roof and ample off-street parking. The property has a solid rental history. The exterior could benefit from some TLC. The current rent roll is below market, leaving room for future rent increases and higher returns. The property is located in New Paltz, NY, in Ulster County, and has a lot size of 1.06 acres.

Key Highlights

Fully occupied 3‑family generating $4,350/month; tenants are responsible for all utilities
Unit mix: two 1‑bedroom units and one 2‑bedroom unit, plus an unfinished 4th unit for possible added value
Entire floor is included in the tax‑recorded square footage and can be reconverted into a legal unit with the proper permits

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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236 State Route 32 S, New Paltz, NY 12561

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For sale
Triplexes
NY
New Paltz
12561
236 State Route 32 S

What type of property is this?

Triplex - Income-generating 3-family property with expansion potential in New Paltz, NY.

Where is this triplex located?

The property is located at 236 State Route 32 S New Paltz, NY.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Fully occupied 3‑family generating $4,350/month; tenants are responsible for all utilities; Unit mix: two 1‑bedroom units and one 2‑bedroom unit, plus an unfinished 4th unit for possible added value; Entire floor is included in the tax‑recorded square footage and can be reconverted into a legal unit with the proper permits

236 State Route 32 S New Paltz, NY 12561

MULTI_FAMILY - Colonial - New Paltz, NY

Property Features for 236 State Route 32 S

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Turn-Key Office with Apartment

Corner Brewery and Restaurant Opportunity

Victorian Triplex in Village Core

Mixed-Use Riverfront Building and Lot

Fourplex Residential Income Property

Iconic Hudson Valley Destination

New Paltz Office Building For Sale

Mixed-Use Development in New Paltz

Victorian Triplex in New Paltz

Fourplex with Mixed Unit Sizes

Frozen Yogurt and Ice Cream Shop

Fully Occupied Triplex with Expansion Potential

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