Renovated Three-Unit
For Sale
$475,000
157 Chambers St, Newburgh, NY 12550
Turnkey 3-family property with three updated two-bedroom apartments and in-unit electric heating and hot water systems.
Property Size2,640 SF
Days on Market53
Property Features for 157 Chambers St
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,891
Building Details
Building Size
2,640 SF
Year Built
1900
Units
3
Listing Agency:
DOUBLE C REALTY
(914) 629-7649
Listed By:
Kieran Dwyer
(914) 629-7649
Source:
Elliman
Added: Jun 20
Changed: Aug 7
Last Checked: Aug 11 at 8:07AM
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 DOUBLE C REALTY
Investment Insights
Based on property information with market context.
This renovated legal three-family residence offers a straightforward income setup with three spacious two-bedroom apartments. Each unit features modern updates in the kitchen, including quartz countertops, new appliances, and stylish cabinetry, along with durable luxury vinyl flooring. Bathrooms are also updated, and the bright living spaces are finished with new vinyl flooring throughout. Heating and hot water are handled via each unit’s own electric systems, supporting tenant-level control and simple building operations.
The property is positioned in the Historic East End of Newburgh and is described as minutes from the downtown waterfront, along with nearby restaurants, shops, and major transportation. The area is also noted as walkable, with proximity to parks, schools, shopping, public transportation, and major highways. The Beacon Metro-North station is specifically identified as nearby, which can be an important consideration for commuter tenants.
For buyers seeking a ready-to-lease residential income asset, the combination of full-unit renovation and three distinct two-bedroom layouts offers clear tenant flexibility. Its turnkey condition and unit-by-unit electric heating and hot water systems may appeal to investors and owner-operators looking for a well-maintained multifamily property that’s practical to manage from day one.
The property is positioned in the Historic East End of Newburgh and is described as minutes from the downtown waterfront, along with nearby restaurants, shops, and major transportation. The area is also noted as walkable, with proximity to parks, schools, shopping, public transportation, and major highways. The Beacon Metro-North station is specifically identified as nearby, which can be an important consideration for commuter tenants.
For buyers seeking a ready-to-lease residential income asset, the combination of full-unit renovation and three distinct two-bedroom layouts offers clear tenant flexibility. Its turnkey condition and unit-by-unit electric heating and hot water systems may appeal to investors and owner-operators looking for a well-maintained multifamily property that’s practical to manage from day one.
Key Highlights
- Legal 3‑family residence built in 1900 in Newburgh’s Historic East End.
- Three updated 2‑bedroom apartments, each with modern kitchens featuring quartz countertops, new appliances, and stylish cabinetry.
- Updated full bathroom in each unit plus bright living spaces with new luxury vinyl flooring.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,390
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Turnkey 3-family property with three updated two-bedroom apartments and in-unit electric heating and hot water systems.
Where is this triplex located?
The property is located at 157 Chambers St Newburgh, 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: Legal 3‑family residence built in 1900 in Newburgh’s Historic East End.; Three updated 2‑bedroom apartments, each with modern kitchens featuring quartz countertops, new appliances, and stylish cabinetry.; Updated full bathroom in each unit plus bright living spaces with new luxury vinyl flooring.
