236 State Route 32 S New Paltz, NY 12561

Building Details

Year Built

1900

Listing office a***@exprealty.com Show Phone

Listing date Mar 11, 2026

Source Elliman

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 Amanda Wilcox

Report an issue

---

Investment Insights

Based on property information with market context.

This fully occupied, income-generating 3-family property features two 1-bedroom units and one 2-bedroom unit. Tenants are responsible for all utilities. There is an unfinished 4th unit that offers excellent potential for added value. The entire floor is included in the tax-recorded square footage and can be reconverted into a legal unit with the proper permits, unlocking even more income potential. Highlights include a durable metal roof and ample off-street parking with space for more vehicles than needed. It has a solid rental history. The property is currently bringing in 4,350 per month. The current rent roll is below market, leaving room for future rent increases and higher returns. The exterior could benefit from some TLC, but the property offers strong bones and immediate cash flow.

Key Highlights

• Fully occupied 3‑family property generating $4,350 per month
• Unfinished 4th unit offers expansion potential and increased income
• Tenants pay all utilities

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $629,000

  1,990 SF

  Turn-Key Office with Apartment

  Renovated office/workspace with reception and conference room, plus an upstairs apartment, parking, and detached garage.

  46 N Chestnut Street, New Paltz, NY 12561

  View Details
• 

  $2,999,500

  Corner Brewery and Restaurant Opportunity

  Turnkey brewery/restaurant property with outdoor seating and 72 dedicated parking spaces on a prominent corner site.

  3 Main Street, New Paltz, NY 12561

  View Details
• 

  $999,999

  Victorian Triplex in Village Core

  Three-unit brick Victorian triplex with recent 2025 roof, three separate apartments, and off-street parking at the rear.

  39 N Chestnut Street, New Paltz, NY 12561

  View Details
• 

  $2,250,000

  Mixed-Use Riverfront Building and Lot

  Vacant ground-floor retail plus two rented apartments, along with a separately buildable mixed-use parcel across the street.

  1-3 Water Street, New Paltz, NY 12561

  View Details
• 

  $999,999

  Fourplex Residential Income Property

  Four-unit property with three 2-bedroom units and one 1-bedroom unit, including an unfinished renovation and recent roof and oil tank upgrades.

  3 Ann Street, New Paltz, NY 12561

  View Details
• 

  $2,999,500

  7,500 SF

  Iconic Hudson Valley Destination

  High-traffic location suitable for hospitality, retail, or mixed-use ventures.

  3 Main Street, New Paltz, NY 12561

  View Details
• 

  $799,000

  9,380 SF

  New Paltz Office Building For Sale

  Six-unit office building near New Paltz with income potential.

  40 Sunset Ridge Rd, New Paltz, NY 12561

  View Details
• 

  $2,400,000

  2,167 SF

  Mixed-Use Development in New Paltz

  Mixed-use property with retail and commercial spaces for sale.

  145 N Chestnut St, New Paltz, NY 12561

  View Details
• 

  $1,199,999

  3,273 SF

  Victorian Triplex in New Paltz

  Charming 1890 brick triplex near SUNY New Paltz campus.

  39 N Chestnut St, New Paltz, NY 12561

  View Details
• 

  $999,999

  Fourplex with Mixed Unit Sizes

  Four-unit multifamily with three 2-bedroom apartments and one 1-bedroom, including recent roof and oil tank replacement.

  3 Ann St, New Paltz, NY 12561

  View Details
• 

  $99,999

  Frozen Yogurt and Ice Cream Shop

  Turn-key frozen dessert shop with a full build-out, walk-in cooler, multiple refrigeration units, and private party room.

  188 Main Street, New Paltz, NY 12561

  View Details
• 

  $475,000

  Fully Occupied 3-Family Investment Property

  Income-generating 3-family property with expansion potential in New Paltz, NY.

  236 State Route 32 S, New Paltz, NY 12561

  View Details

FAQs

What type of property is this?

Triplex - Income-generating 3-family property with potential for a 4th unit.

Where is this triplex located?

The property is located at 236 State Route 32 S New Paltz, NY.

What is the asking price?

The asking price for this property is $475,000.

What are key features of this property?

This property features: Fully occupied 3‑family property generating $4,350 per month; Unfinished 4th unit offers expansion potential and increased income; Tenants pay all utilities