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Three-Unit Apartment Property
For Sale
$675,000

20 Spring Street, Wappingers Falls, NY 12590

The apartments offer one- and two-bedroom layouts, with separate gas and electric service for each unit.

Property SizeContact for details
Days on Market46

Property Features for 20 Spring Street

General Information

Standard status Active
Total Parking Spaces 6
Property subtype Residential Income

Units

Unit Mix 2 x 2BR, 1 x 1BR
Multifamily Units 3
Individually Metered Utilities gas, electricity

Additional Details

Public Transit Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $14,550

Amenities

First Floor Bedroom
First Floor Full Bath
Storage

Building Details

Year Built 1850
Buildings 1
Units 3
Listing Agency: Century 21 Alliance Rlty Group
Listed By: Bertus Pritchard
Source: Gillianstewart
Added: Sep 9 Changed: Oct 23 Last Checked: Oct 23 at 3:47PM

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 Century 21 Alliance Rlty Group

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Investment Insights

Based on property information with market context.

This three-unit residential income property in Wappingers Falls contains two two-bedroom apartments and one one-bedroom apartment. Gas and electric service are separately metered for each unit. The building dates to 1850 and has had recent improvements. Off-street parking is available at the rear of the property.

The property is minutes from major commuting routes, shopping, restaurants, local amenities, and Metro-North transportation. Its location in the Village of Wappingers Falls also provides access to surrounding communities and employment centers.

Key Highlights

  • Three apartments: two 2‑bedroom units and one 1‑bedroom unit
  • Separate gas and electric service for each apartment
  • Off‑street parking at the rear

Property Analytics

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Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

57
Businesses Nearby

Demographics for 12590, NY

37,051
Population
14,563
Households
2.5
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
34.8 sq mi
ZIP Area
1,065
Density / Sq Mi
$98,252
Median Household Income
$52,861
Median Earnings
$1,674
Median Rent
$365,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Triplex - The apartments offer one- and two-bedroom layouts, with separate gas and electric service for each unit.
Where is this triplex located?
The property is located at 20 Spring Street Wappingers Falls, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Three apartments: two 2‑bedroom units and one 1‑bedroom unit; Separate gas and electric service for each apartment; Off‑street parking at the rear
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