Five-Family Multifamily Property with
For Sale
$1,300,000
1113 11-13 Olev Ln, New Paltz, NY 12561
Two residential buildings, private water, separate septic systems, and occupied apartments support an established rental configuration.
Property Size4,181 SF
Lot Size53.50 Acres
Price / SF$310.93
Days on Market14
Property Features for 1113 11-13 Olev Ln
General Information
Standard status
Active
Size
4,181 SF
Lot size
53.50 Acres
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
5
Amenities
covered porch
Building Details
Year Built
1930
Buildings
2
Construction
stone
Listing Agency:
Century 21 Alliance-NP
(845) 255-6163
Listed By:
Savannah Miceli · License #10401316939
Source:
Amodiorealestate
Added: Aug 18
Changed: Aug 30
Last Checked: Aug 30 at 8:26PM
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 Century 21 Alliance-NP
Investment Insights
Based on property information with market context.
This five-family property includes two residential buildings totaling 4,181 square feet, a distinctive stone exterior on the main residence, a covered porch, multiple apartments, and living areas arranged across several levels. The second building places additional apartments above a multi-bay garage. Both roofs have been replaced recently, and the apartments are occupied through a combination of term leases and a month-to-month tenancy. Tenants pay their own electric and heating expenses.
Set across 53.5 acres in New Paltz, the property combines open and wooded land with private water and separate designated septic systems serving each residential building. One garage bay is included with an existing apartment lease, while the other bays may support rental or storage use. The property is near SUNY New Paltz, the Village of New Paltz, major state routes, and the New York State Thruway. Any future development, subdivision, accessory structures, alternative land uses, or additional residential buildings require independent due diligence and applicable approvals.
Set across 53.5 acres in New Paltz, the property combines open and wooded land with private water and separate designated septic systems serving each residential building. One garage bay is included with an existing apartment lease, while the other bays may support rental or storage use. The property is near SUNY New Paltz, the Village of New Paltz, major state routes, and the New York State Thruway. Any future development, subdivision, accessory structures, alternative land uses, or additional residential buildings require independent due diligence and applicable approvals.
Key Highlights
- Five‑family property with two residential buildings and 4,181 square feet
- 53.5 acres of open and wooded land in New Paltz
- Multi‑bay garage with one bay included in an existing apartment lease
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
27
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two residential buildings, private water, separate septic systems, and occupied apartments support an established rental configuration.
Where is this multifamily property located?
The property is located at 1113 11-13 Olev Ln New Paltz, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Five‑family property with two residential buildings and 4,181 square feet; 53.5 acres of open and wooded land in New Paltz; Multi‑bay garage with one bay included in an existing apartment lease
