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Six-Unit Apartment Building
For Sale
$850,000

1 Lewis Lane, New Paltz, NY 12561

Three-story multifamily property with a varied unit mix, on-site laundry, tenant storage, and an owner’s office suite.

Property Size4,100 SF
Lot Size12.90 Acres
Price / SF$207.32
Days on Market11

Property Features for 1 Lewis Lane

General Information

Standard status Active
Size 4,100 SF
Lot size 12.90 Acres
Property subtype Commercial

Units

Unit Mix 2 x studio, 2 x 1BR, 1 x 2BR, 1 x 3BR
Multifamily Units 6

Additional Details

Utilities to Site Yes

Taxes and HOA fees

Annual Taxes $20,041

Amenities

tenant storage
dedicated laundry facility
owner's office suite
raised-bed gardening
Garden
HardWood Flooring
Oil Heating
Private
Secluded
Sloped
Subdivide Possible
Varies Flooring
Zoned Heating

Building Details

Year Built 1965
Buildings 1
Stories 3
Listing Agency: HALTER ASSOCIATES REALTY
Listed By: PETER CANTINE · License #10401312264
Source: Corcoran
Added: Aug 20 Changed: Aug 29 Last Checked: Aug 30 at 6:22PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HALTER ASSOCIATES REALTY

Investment Insights

Based on property information with market context.

Built in 1965, this six-unit apartment property includes two studios, two one-bedroom apartments, one two-bedroom apartment, and one three-bedroom apartment across the first, second, and third floors. The walkout lower level adds tenant storage, a dedicated laundry area, and an owner’s office suite. Each apartment has a separate electric meter, with residents billed directly for electricity; the landlord covers common-area maintenance and other utilities.

The property occupies 12.9 acres just outside the Village of New Paltz, providing a multifamily setting with substantial surrounding land. Long-term tenants provide an established occupancy base, while the grounds include space for raised-bed flower and vegetable gardening. New Paltz is identified as a college town in the Hudson Valley, with access to hiking, biking, swimming, rock climbing, arts, dining, and entertainment.

Key Highlights

  • Six apartments with a unit mix of two studios, two one‑bedroom, one two‑bedroom, and one three‑bedroom
  • 12.9 acres just outside the Village of New Paltz
  • Walkout lower level with tenant storage, dedicated laundry, and owner’s office suite

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

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

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-story multifamily property with a varied unit mix, on-site laundry, tenant storage, and an owner’s office suite.
Where is this apartment building located?
The property is located at 1 Lewis Lane New Paltz, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Six apartments with a unit mix of two studios, two one‑bedroom, one two‑bedroom, and one three‑bedroom; 12.9 acres just outside the Village of New Paltz; Walkout lower level with tenant storage, dedicated laundry, and owner’s office suite
More about this property
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