Mixed-Use Retail and Residential
36 Wallkill Avenue Middletown, NY 10940
36 Wallkill Avenue, Middletown, NY, 10940
$550,000
For Sale
$550,000
MULTI_FAMILY - Middletown, NY
Property Size1,919 SF
Lot Size0.07 Acres
Price / SF$286.61
Days on Market17
Property Features for 36 Wallkill Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 2
- Parking features
- Driveway
- Basement
- Unfinished
- Standard status
- Active
- APN
- 330900-025-000-0019-031.000-0000
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10307
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 3
- Building materials
- Frame, Vinyl Siding
Listing Agency
KW Hudson Valley United
(845) 610-6065
9 Bert Crawford Rd, Ste 104, New City, NY
Listed by
Jonathon Z. Lee
(917) 747-6688
Added: Jun 30 Checked: Jul 16 at 8:06 pm
MLS# 1020113
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.
Investment Insights
Based on property information with market context.
Located at 36 Wallkill Avenue in Middletown, this mixed-use building combines commercial and residential space in a high-visibility corner setting at a traffic light. The first floor includes a 1,919 sq. ft. storefront, while the second floor offers two newly renovated 2-bedroom apartments totaling approximately 1,727 sq. ft. Each apartment features 2 bedrooms, a full bath, a kitchen, and a spacious living room.
The storefront configuration is well suited for personal care and wellness uses such as a hair salon, barbershop, skincare/beauty spa, nail salon, or similar services, subject to municipal approvals. The property has been updated throughout and is described as move-in/rent-ready.
Additional features include on-site storage, a detached one-car garage, and both driveway parking and on-street parking.
The storefront configuration is well suited for personal care and wellness uses such as a hair salon, barbershop, skincare/beauty spa, nail salon, or similar services, subject to municipal approvals. The property has been updated throughout and is described as move-in/rent-ready.
Additional features include on-site storage, a detached one-car garage, and both driveway parking and on-street parking.
Key Highlights
- Mixed‑use property with 1,919 SF commercial storefront on the first floor and two renovated 2‑bedroom apartments on the second floor
- Residential units total approx. 1,727 SF and each features 2 bedrooms, a full bath, kitchen, and spacious living room
- All three units updated and move‑in/rent‑ready
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.4k | $29.40 |
| − Vacancy | −$1.9k | −$1.01 |
| EGI | $54.5k | $28.39 |
| − OpEx | −$16.3k | −$8.52 |
| NOI | $38.1k | $19.88 |
1,919 SF · lease $29.40/SF/yr · vacancy 3.42% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$544.9K
$476.8K – $635.7K
NOI $38,142 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$512.8K
$448.7K – $598.3K
NOI $35,896 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$649.9K
$568.7K – $758.3K
NOI $45,496 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Corner property with a street-level storefront and two newly renovated two-bedroom apartments, move-in/rent-ready.
Where is this duplex located?
The property is located at 36 Wallkill Avenue Middletown, NY.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Mixed‑use property with 1,919 SF commercial storefront on the first floor and two renovated 2‑bedroom apartments on the second floor; Residential units total approx. 1,727 SF and each features 2 bedrooms, a full bath, kitchen, and spacious living room; All three units updated and move‑in/rent‑ready
