Riverfront Duplex with Shared
For Sale
$2,250,000
1-3 Water Street, New Paltz, NY 12561
MULTI_FAMILY - New Paltz, NY
Property Size2,332 SF
Price / SF$964.84
Days on Market115
Property Features for 1-3 Water Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
Parking Lot, Driveway
Basement
Full
Lot features
Corner Lot, Near Public Transit, Waterfront
View
River
Directions
From Main Street, head toward the bridge. 1-3 Water Street is located just before the bridge.
Standard status
Active
APN
3801-086.033-0003-001.000-0000
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
19227
Utilities
Sewer type
Public Sewer
Heating system
Energy Star Qualified Equipment (Heating), Propane (Heating), Oil
Cooling system
Window Unit(s), Wall/Window Unit(s), Electric
Water source
Public
Water front features
Waterfront
Water front
1
Building Details
Year built
1965
Number of units
3
Building materials
Frame
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Jacob M. Cohen · License #10401374530
(845) 514-7786
Added: Apr 20
Changed: Aug 11
Last Checked: Aug 12 at 1:06AM
MLS# 986948
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.
1-3 Water Street is a mixed-use riverfront duplex property on a .22-acre parcel along the Wallkill River. The building totals 2,332 sq ft and includes a ground-floor 1,208 sq ft commercial space that is currently vacant, with new energy-efficient mini-split systems. That commercial space can support a variety of uses, including retail and boutique commercial concepts.
Above the commercial space are two apartments, a 4-bedroom and a 2-bedroom, both currently rented. Each apartment has access to a shared riverfront deck overlooking the Wallkill River and the Shawangunk Mountains. Parking is supported by a driveway and a parking lot.
Construction is frame, with heating that includes propane and oil, and cooling provided via wall/window and window unit(s) and electric. Public water and public sewer serve the property, which was built in 1965.
Included is a separate .41-acre buildable parcel directly across the street. The lot is zoned for mixed-use development up to three stories and is currently used for parking and a sculpture garden.
Above the commercial space are two apartments, a 4-bedroom and a 2-bedroom, both currently rented. Each apartment has access to a shared riverfront deck overlooking the Wallkill River and the Shawangunk Mountains. Parking is supported by a driveway and a parking lot.
Construction is frame, with heating that includes propane and oil, and cooling provided via wall/window and window unit(s) and electric. Public water and public sewer serve the property, which was built in 1965.
Included is a separate .41-acre buildable parcel directly across the street. The lot is zoned for mixed-use development up to three stories and is currently used for parking and a sculpture garden.
Key Highlights
- .22‑acre riverfront parcel with a 2,332 sq ft mixed‑use duplex
- 1,208 sq ft ground‑floor commercial space is vacant with new energy‑efficient mini‑splits
- Two rented apartments above: 4‑bedroom and 2‑bedroom, both with access to a shared riverfront deck
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Explore this area
Business Placement
Demographics for 12561, NY
18,726
Population
7,081
Households
2.6
Avg Household Size
36
Median Age
56%
College-Educated
97%
High-School Grad
60.3 sq mi
ZIP Area
311
Density / Sq Mi
$89,694
Median Household Income
$25,612
Median Earnings
$1,603
Median Rent
$411,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential apartments sit above a vacant ground-floor commercial space with shared riverfront deck access.
Where is this duplex located?
The property is located at 1-3 Water Street New Paltz, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: .22‑acre riverfront parcel with a 2,332 sq ft mixed‑use duplex; 1,208 sq ft ground‑floor commercial space is vacant with new energy‑efficient mini‑splits; Two rented apartments above: 4‑bedroom and 2‑bedroom, both with access to a shared riverfront deck
