1 Royal Acres Drive, Middletown, NY 10940
- Added:
- Jun 1, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 11 at 6:06 pm
Property Features for 1 Royal Acres Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1
- Parking features
- Driveway
- Standard status
- Pending
- APN
- 334489-007-000-0001-040.100-0000
- Lot size
- 36.00 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 17258
Utilities
- Sewer type
- Septic Tank
- Heating system
- Propane (Heating)
- Water source
- Well
- Water front features
- Pond
- Water front
- 1
Building Details
- Year built
- 1945
- Floors in Building
- 2
- Number of units
- 7
- Building materials
- Frame
Listing agent Jonathon Z. Lee (917) 747-6688
Listing office Keller Williams Hudson Valley 9 Bert Crawford Rd, Ste 104, New City, NY (845) 610-6065
Listing date Jun 1, 2026
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.
HighLights
- 7‑building residential rental property on 36 acres in the town of Mount Hope
- All 7 buildings have been updated, with some units still undergoing further renovations
- Unit mix includes a 2,152 SF main house (at least 2‑3 bedrooms) plus Unit 2 at 1,772 SF with 2 bedrooms; remaining units are 1‑bedroom units
- Annual income is $322,000 based on yearly rentals (with higher Airbnb earnings from before)
- Pond on‑site plus a large, old barn; rear of the property offers additional land that can be utilized
- Utilities and systems: frame construction, propane heating, well water, and septic tank; CAP rate around 7% with a current $1.3MM sales price
Overview
The asset is zoned R1 and is described as grandfathered as a residential-commercial property. It sits among single-family residential properties, with access described as not far from shopping and highways. The property is located in the MiniSink School District.
From an operator’s standpoint, the unit mix can support both traditional yearly rentals and intermittent short-term use, as some units were used intermittently for Airbnb while others have been rented out as yearly rentals. For buyers or managers seeking a multi-building income property, the combination of completed updates, active renovations, and on-site land and amenities offers flexibility in how units and grounds can be managed over time.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Orange
- State
- New York
- Longitude
- -74.48667
- Latitude
- 41.4697275
