Fully Occupied 3-Family Investment
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 Market487
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
Building Details
Year built
1900
Number of units
3
Building materials
Frame
Architectural style
Colonial
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Jason W. Schobert · License #10401343949
(845) 249-5249
Added: Apr 21, 2025
Changed: Aug 19
Last Checked: Aug 20 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 fully occupied 3-family property presents an excellent investment opportunity, currently generating $4,350 per month. Tenants are responsible for all utilities. The building comprises two 1-bedroom units and one 2-bedroom unit. An unfinished 4th unit offers potential for added value; this entire floor is included in the tax-recorded square footage and can be reconverted into a legal unit with the proper permits, potentially unlocking more income. Property highlights include a durable metal roof and ample off-street parking. The property has a solid rental history. The exterior could benefit from some TLC. The current rent roll is below market, leaving room for future rent increases and higher returns. The property is located in New Paltz, NY, in Ulster County, and has a lot size of 1.06 acres.
Key Highlights
- Fully occupied 3‑family generating $4,350/month; tenants are responsible for all utilities
- Unit mix: two 1‑bedroom units and one 2‑bedroom unit, plus an unfinished 4th unit for possible added value
- Entire floor is included in the tax‑recorded square footage and can be reconverted into a legal unit with the proper permits
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
24
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Income-generating 3-family property with expansion potential in New Paltz, NY.
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 generating $4,350/month; tenants are responsible for all utilities; Unit mix: two 1‑bedroom units and one 2‑bedroom unit, plus an unfinished 4th unit for possible added value; Entire floor is included in the tax‑recorded square footage and can be reconverted into a legal unit with the proper permits
