Fully Occupied Triplex with Expansion
For Sale
$475,000
Pending
236 State Route 32 S, New Paltz, NY 12561
Income-generating 3-family property with potential for a 4th unit.
Property SizeContact for details
Lot Size1.06 Acres
Days on Market166
Property Features for 236 State Route 32 S
General Information
Standard status
Pending
Lot size
1.06 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$6,824
Building Details
Year Built
1900
Units
3
Listing Agency:
(845) 891-9639
Listed By:
Amanda Wilcox · License #10401324460
(845) 891-9639
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 22 at 10:15AM
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 Amanda Wilcox
Investment Insights
Based on property information with market context.
This fully occupied, income-generating 3-family property features two 1-bedroom units and one 2-bedroom unit. Tenants are responsible for all utilities. There is an unfinished 4th unit that offers excellent potential for added value. The entire floor is included in the tax-recorded square footage and can be reconverted into a legal unit with the proper permits, unlocking even more income potential. Highlights include a durable metal roof and ample off-street parking with space for more vehicles than needed. It has a solid rental history. The property is currently bringing in 4,350 per month. The current rent roll is below market, leaving room for future rent increases and higher returns. The exterior could benefit from some TLC, but the property offers strong bones and immediate cash flow.
Key Highlights
- Fully occupied 3‑family property generating $4,350 per month
- Unfinished 4th unit offers expansion potential and increased income
- Tenants pay all utilities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Explore this area
Business Placement
Demographics for 12561, NY
18,726
Population
7,081
Households
2.6
Avg Household Size
36
Median Age
56%
College-Educated
97%
High-School Grad
60.3 sq mi
ZIP Area
311
Density / Sq Mi
$89,694
Median Household Income
$25,612
Median Earnings
$1,603
Median Rent
$411,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Income-generating 3-family property with potential for a 4th unit.
Where is this triplex located?
The property is located at 236 State Route 32 S New Paltz, 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: Fully occupied 3‑family property generating $4,350 per month; Unfinished 4th unit offers expansion potential and increased income; Tenants pay all utilities
