236 State Route 32 S, New Paltz, NY 12561

Building Details

Year Built

1900

Listing office a***@exprealty.com Show Phone

Listing date Mar 11, 2026

Source Elliman

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All listing content including descriptions, pricing, images are the copyrighted material of Amanda Wilcox

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Overview

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.

Suggested Use

Real Estate Agency Law Firm Restaurant Hair Salon Building Supply Spa & Massage Center HVAC Service Auto Parts Store Kitchen & Bath Showroom Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

New Paltz

County

Ulster

State

New York

Longitude

-74.0773

Latitude

41.7665

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FAQs

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