Fully Leased Four-Unit Residential
For Sale
$598,000
Pending
54 Leroy Pl, Newburgh, NY 12550
Craftsman-style four-unit property with in-place long-term tenants, detached garage, and a partially finished basement.
Property Size3,056 SF
Days on Market70
Property Features for 54 Leroy Pl
General Information
Standard status
Pending
Size
3,056 SF
Total Parking Spaces
3
Property subtype
Investment
Occupancy
100%
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$15,931
Amenities
stone wraparound porch
common laundry room
recreation space
half bath in basement
flexible upper garage space
Hudson River views
Building Details
Building Size
3,056 SF
Year Built
1908
Stories
3
Units
4
Construction
Craftsman-style
Tenancy
Multi
Listing Agency:
eXp Realty
(845) 249-5249
Listed By:
Jason W. Schobert · License #10401343949
(845) 249-5249
Source:
Elliman
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 19 at 10:11AM
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 eXp Realty
Investment Insights
Based on property information with market context.
Craftsman-style four-unit residential building presented fully leased with current long-term tenancy in place. The property is configured as two-bedroom, first-floor living with original details including functioning pocket doors, preserved woodwork, hardwood floors, two fireplaces, and an eat-in kitchen, plus a layout that allows the second bedroom to serve as a sitting room or home office. The second floor includes two one-bedroom units, and the third floor includes one one-bedroom unit.
A massive stone wraparound porch and classic period detailing define the building’s exterior presence, and the upper levels offer views of the Hudson River, Newburgh Beacon Bridge, and mountains. On-site amenities include a partially finished basement with a common laundry room, recreation space, a half bath, and generous storage.
The three-stall detached garage also includes a separate second-floor space that can support additional income-producing use or practical on-site functions. The configuration provides straightforward rental living on the main structure with extra flexible space in the garage for storage or other uses.
A massive stone wraparound porch and classic period detailing define the building’s exterior presence, and the upper levels offer views of the Hudson River, Newburgh Beacon Bridge, and mountains. On-site amenities include a partially finished basement with a common laundry room, recreation space, a half bath, and generous storage.
The three-stall detached garage also includes a separate second-floor space that can support additional income-producing use or practical on-site functions. The configuration provides straightforward rental living on the main structure with extra flexible space in the garage for storage or other uses.
Key Highlights
- 1908 Craftsman‑style four‑unit building with all apartments currently rented to long‑term tenants
- Unit mix: one 2BR/1BA plus three 1BR/1BA apartments
- 2BR/1BA first‑floor unit includes original details such as pocket doors, preserved woodwork, hardwood floors, two fireplaces, and an eat‑in kitchen
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 12550, NY
55,869
Population
22,204
Households
2.5
Avg Household Size
37
Median Age
26%
College-Educated
86%
High-School Grad
34.7 sq mi
ZIP Area
1,610
Density / Sq Mi
$78,019
Median Household Income
$40,762
Median Earnings
$1,466
Median Rent
$297,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Craftsman-style four-unit property with in-place long-term tenants, detached garage, and a partially finished basement.
Where is this quadplex located?
The property is located at 54 Leroy Pl Newburgh, NY.
What is the asking price?
The asking price for this property is $598,000.
What are key features of this property?
This property features: 1908 Craftsman‑style four‑unit building with all apartments currently rented to long‑term tenants; Unit mix: one 2BR/1BA plus three 1BR/1BA apartments; 2BR/1BA first‑floor unit includes original details such as pocket doors, preserved woodwork, hardwood floors, two fireplaces, and an eat‑in kitchen
