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Fully Occupied Triplex with Expansion Potential
For Sale
$475,000
Pending

236 State Route 32 S, New Paltz, NY 12561

Residential Income, New Paltz, NY

Property SizeContact for details
Lot Size1.06 Acres
Days on Market533

Property Features for 236 State Route 32 S

General Information

Property type Residential Multi Family
Property subtype Triplex
Rooms Basement
Basement Full
Elementary school Duzine
Middle school New Paltz Middle School
High school New Paltz Senior High School
Elementary school district New Paltz
Middle school district New Paltz
High school district New Paltz
Directions Take 32 south from village a few miles and the property will be on your left
Standard status Pending
APN 3889-094.002-0004-008.000-0000
Lot size 1.06 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 6825

Utilities

Sewer type Septic Tank
Heating system Electric (Heating), Baseboard
Water source Well

Amenities

off-street parking

Building Details

Year built 1900
Number of units 3
Building materials Frame
Architectural style Colonial
Listing Agency: eXp Realty
Listed By: Jason W. Schobert · License #10401343949
Added: Apr 21, 2025 Changed: Sep 18 Last Checked: Oct 5 at 2:06AM
MLS# 851301

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.

Investment Insights

Based on property information with market context.

This Colonial-style triplex sits on 1.06 acres and was built in 1900 with frame construction. The current configuration includes two one-bedroom apartments and one two-bedroom apartment, while an unfinished fourth unit occupies additional space within the building. Any conversion to a legal unit would require the proper permits. The property is fully occupied and has a metal roof, electric baseboard heating, a basement, and off-street parking.

Located at 236 State Route 32 S in New Paltz, the property uses a private well and septic tank. The exterior requires some maintenance, while the existing layout, occupied units, and unfinished additional space provide a clear summary of the current improvements and configuration.

Key Highlights

  • Fully occupied 3‑family property with two 1‑bedroom units and one 2‑bedroom unit
  • Unfinished 4th unit included within the building’s tax‑recorded square footage
  • 1.06‑acre parcel at 236 State Route 32 S, New Paltz, NY 12561

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

24
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three residential units include two one-bedroom apartments, one two-bedroom apartment, and an unfinished fourth 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 with two 1‑bedroom units and one 2‑bedroom unit; Unfinished 4th unit included within the building’s tax‑recorded square footage; 1.06‑acre parcel at 236 State Route 32 S, New Paltz, NY 12561
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