Triplex with In-Ground
For Sale
$1,349,000
2 Baltsas Road, Newburgh, NY 12550
Three kitchens and a separate suite above the garage complement the property's legally configured three-unit layout.
Property Size5,436 SF
Price / SF$248.16
Days on Market24
Property Features for 2 Baltsas Road
General Information
Standard status
Active
Size
5,436 SF
Property subtype
Triplex
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$15,056
Amenities
pool
cabana
outdoor kitchen
decks
covered entertaining areas
detached gym
movie theater
sauna
wine room
office
three full kitchens
Building Details
Building Size
5,436 SF
Year Built
1967
Year Renovated
2021
Listing Agency:
ReAttached
Listed By:
Sarah Beckham Hooff · License #KEY44770
(845) 420-8965
Source:
Hhir
Added: Oct 7
Changed: Oct 27
Last Checked: Oct 26 at 3:01PM
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 ReAttached
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Investment Insights
Based on property information with market context.
This 5,436-square-foot triplex is legally arranged as three units. The two units in the main house are currently combined, while a separate guest suite sits above the garage. The property includes three kitchens, a movie theater, sauna, wine room, office, detached gym, cabana, outdoor kitchen, decks, and covered entertaining areas. An in-ground pool measures 40' x 25', and a wooded section is part of the nearly one-acre property.
A major renovation took place in 2020-2021, including a new roof and electrical work. The septic system was upgraded in 2026. The property is located at 2 Baltsas Road in Newburgh, New York.
A major renovation took place in 2020-2021, including a new roof and electrical work. The septic system was upgraded in 2026. The property is located at 2 Baltsas Road in Newburgh, New York.
Key Highlights
- Legally configured as three units; two main‑house units are currently combined
- 5,436 square feet on nearly an acre
- 40' x 25' in‑ground pool, cabana, and outdoor kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,047
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,160,940
$2.2M
Cap Rate 7%
$1,543,529
$1.5M
Cap Rate 9%
$1,200,522
$1.2M
Market Conditions
NOI Build-Up for 5,436 SF
Gross rent
$159.8K $29.40/SF
− Vacancy
−$5.5K −$1.01/SF
EGI
$154.4K $28.39/SF
− OpEx
−$46.3K −$8.52/SF
NOI
$108.0K $19.88/SF
Area
Orange County, NY
Vacancy
3.42%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,160,940
Cap Rate 7%
$1,543,529
Cap Rate 9%
$1,200,522
Alternative Uses
Best Use
Multifamily LT 5
$1.54M
$1.35M – $1.80M
NOI $108,047 @ 7.0% cap · market cap 8.01%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,683 @ 7.0% cap · market cap 7.54%
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,878 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three kitchens and a separate suite above the garage complement the property's legally configured three-unit layout.
Where is this triplex located?
The property is located at 2 Baltsas Road Newburgh, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Legally configured as three units; two main‑house units are currently combined; 5,436 square feet on nearly an acre; 40' x 25' in‑ground pool, cabana, and outdoor kitchen
