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    Mixed-Use Building in Downtown Middletown Title is generated by Realmo AI

    20 John Street, Middletown, NY 10940

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    For Sale
    $575,000

    MULTI_FAMILY - Middletown, NY

    Property size:
    2,000 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $287/SF
    Added:
    May 21, 2026
    Days on Market:
    47
    Last Refresh:
    Jul 6 at 3:06 am

    Property Features for 20 John Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    3
    Bathrooms
    3
    Rooms
    Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1
    Parking
    3
    Parking features
    Parking Lot, Off Street
    Standard status
    Active
    APN
    330900.031.000-0002-005.200/0000
    Size
    2,000 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8516

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Baseboard
    Cooling system
    Multi Units
    Water source
    Public

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Frame

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    Contact an agent
    Jonathon Z. Lee

    Listing agent Jonathon Z. Lee

    Listing office Keller Williams Hudson Valley 9 Bert Crawford Rd, Ste 104, New City, NY

    Listing date May 21, 2026

    MLS# 1003208 Listing URL

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑producing mixed‑use building with first‑floor commercial space plus two fully rented residential apartments
    • First floor offers approx. 2,000 sq. ft. commercial space with retail front entrance, full bathroom, storage, and private rear access
    • Second floor includes 2 apartments: one 2‑bedroom unit and one 1‑bedroom unit, each approx. 800 sq. ft. with full kitchen and full bathroom
    • Rear parking lot accommodates up to 5 vehicles, with off‑street parking
    • Year built 1900 with frame construction; natural gas baseboard heating and multi‑unit cooling
    • Utilities: public water and public sewer, with electricity available

    Overview

    This income-producing mixed-use building is located in downtown Middletown, an up-and-coming city. The first floor features a 2,000 sq. ft. commercial space, currently configured as a retail store, office, and storage area, along with a large multi-purpose room suitable for meetings, events, or classes. It includes a full bathroom, retail front entrance, and private rear access. The layout offers flexibility for multiple businesses or tenants. The second floor contains two fully rented residential apartments: a large 2-bedroom unit and a spacious 1-bedroom unit, each approximately 800 sq. ft. and equipped with its own kitchen, living room, and full bathroom. A rear parking lot accommodates up to 5 vehicles. The property is situated steps from City Hall, the NYC bus terminal, the public library, restaurants, and shops, providing visibility and walkability for both commercial and residential tenants. The lot size is 0.1079 acres.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $70.6k $35.28
    − Vacancy −$2.5k −$1.27
    EGI $68.0k $34.01
    − OpEx −$30.6k −$15.30
    NOI $37.4k $18.71
    2,000 SF · lease $35.28/SF/yr · vacancy 3.60% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $534.4K
    $467.6K – $623.5K (±1% cap)
    NOI $37,411 @ 7.0% cap · market cap 6.51%
    Second Best
    Office B
    $478.1K
    $418.3K – $557.8K (±1% cap)
    NOI $33,466 @ 7.0% cap · market cap 5.82%
    Theoretical Best
    Office A
    $677.4K
    $592.7K – $790.3K (±1% cap)
    NOI $47,416 @ 7.0% cap · market cap 8.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Parking Lot & Garage Travel Agency Gym & Fitness Center Tech Support Center HVAC Service Storage Facility Bar & Pub Clothing & Fashion Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Orange
    State
    New York
    Longitude
    -74.420029
    Latitude
    41.448257

    FAQs

    What type of property is this?
    Mixed-use property - Income-producing property with commercial space and residential apartments.
    Where is this mixed-use property located?
    The property is located at 20 John Street Middletown, NY.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Income‑producing mixed‑use building with first‑floor commercial space plus two fully rented residential apartments; First floor offers approx. 2,000 sq. ft. commercial space with retail front entrance, full bathroom, storage, and private rear access; Second floor includes 2 apartments: one 2‑bedroom unit and one 1‑bedroom unit, each approx. 800 sq. ft. with full kitchen and full bathroom
    More about this property
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