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Four-Unit Quadplex
For Sale
$415,000
Pending

103 Linden Ave 4, Middletown, NY 10940

Owner-occupancy zoning requires one unit to be occupied by the owner.

Property Size2,944 SF
Days on Market139

Property Features for 103 Linden Ave 4

General Information

Standard status Pending
Size 2,944 SF
Property subtype Investment
Zoning owner-occupancy zoning district

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 4 x 1BR/1BA
Multifamily Units 4

Taxes and HOA fees

Annual Taxes $6,385

Amenities

backyard

Building Details

Building Size 2,944 SF
Year Built 1873
Buildings 1
Units 4
Listed By: Migdalia J. Moore
Source: Elliman
Added: Jun 1 Changed: Oct 15 Last Checked: Oct 16 at 10:57AM

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 Migdalia J. Moore

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Investment Insights

Based on property information with market context.

Located at 103 Linden Avenue in Middletown, this quadplex contains four separate apartments, each arranged with one bedroom, one bathroom, a kitchen, and a living room. The building dates to 1873 and includes a spacious backyard with potential for off-street parking.

The property is within an owner-occupancy zoning district, requiring one unit to be occupied by the owner. The City will allow conversion to a non-owner-occupied dwelling with three or fewer units, subject to coordination with the Building Department. Tenants pay gas and electric, while the landlord provides heat, hot water, and water/sewer.

Access to NY-17, I-84, trains, buses, schools, shopping, medical facilities, parks, and restaurants supports convenient daily travel. The property has a Walk Score of 90 and a bikeScore of 36, identified as Somewhat Bikeable.

Key Highlights

  • Four separate 1‑bedroom, 1‑bathroom apartments, each with a kitchen and living room
  • Owner‑occupancy zoning requires one unit to be occupied by the owner
  • City allows conversion to a non‑owner‑occupied dwelling with three or fewer units

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Florist Pet Grooming Service Tech Support Center

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

4
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,486
Businesses Nearby

Demographics for 10940, NY

52,803
Population
19,930
Households
2.6
Avg Household Size
39
Median Age
24%
College-Educated
86%
High-School Grad
63.1 sq mi
ZIP Area
837
Density / Sq Mi
$87,198
Median Household Income
$46,435
Median Earnings
$1,600
Median Rent
$301,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Quadplex - Owner-occupancy zoning requires one unit to be occupied by the owner.
Where is this quadplex located?
The property is located at 103 Linden Ave 4 Middletown, NY.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Four separate 1‑bedroom, 1‑bathroom apartments, each with a kitchen and living room; Owner‑occupancy zoning requires one unit to be occupied by the owner; City allows conversion to a non‑owner‑occupied dwelling with three or fewer units
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