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    Four-Family Investment Property, Central Valley Title is generated by Realmo AI

    253 Route 32, Central Valley, NY 10917

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    Claim this Listing
    For Sale
    $850,000

    MULTI_FAMILY - Colonial - Central Valley, NY

    Lot size:
    0.43 Acres
    Added:
    Jan 11, 2026
    Days on Market:
    125
    Last Refresh:
    May 16 at 7:06 pm

    Property Features for 253 Route 32

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 6, Basement, Bathroom 4, Bathroom 1, Bedroom 3
    Parking features
    Off Street, Driveway, Garage
    Window features
    Blinds
    Patio and Porch features
    Porch
    Interior features
    Entrance Foyer, Natural Woodwork, Pantry, Storage, Washer/Dryer Hookup
    Exterior features
    Lighting
    Fencing
    Chain Link, Cross Fenced, Fenced
    Basement
    Unfinished, Walk-Out Access, Storage Space
    Standard status
    Active
    APN
    335809-230-000-0009-008.000-0000
    Lot size
    0.43 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    15921

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Baseboard, Natural Gas
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1950
    Number of units
    4
    Flooring type
    Hardwood, Wood, Combination, Laminate, Tile
    Building materials
    Vinyl Siding
    Architectural style
    Colonial
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Michael P Mulligan

    Listing agent Michael P Mulligan

    Listing office HomeSmart Homes & Estates 1 Hawkins Drive, Montgomery, NY

    Listing date Jan 11, 2026

    MLS# 950876 Listing URL

    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.

    HighLights

    • Zoned Commercial‑Residential in a highly desirable location, offering diverse investment opportunities.
    • Four‑family property with existing rental income potential.
    • Convenient access to NYC commuter bus, major highways, and Metro North (3.4 miles), ideal for commuters.
    • Proximity to Woodbury Common Premium Outlets (3 minutes by car, 10 minutes walking).
    • Located within the sought‑after Monroe/Woodbury School District.
    • Apartment #1 and #3 feature stainless steel appliances and granite countertops.

    Overview

    This four-family investment property is located in a desirable area and zoned for commercial-residential use. The 2-story colonial/farmhouse style home features four apartments. On the first floor, there are two apartments, each with 2 bedrooms and 1 bath. Apartment #1, located inside the main entry on the left, includes a stainless-steel dishwasher and microwave, a private washer & dryer, and granite countertops. Apartment #2 has a private entrance around the corner of the wrap-around deck, opening to both the front porch and the backyard, and features Formica countertops and white appliances including an oven/range, microwave, and refrigerator. The second floor contains two apartments, each with 1 bedroom and 1 bath. Apartment #3 has a white refrigerator, stainless steel oven/range, microwave, dishwasher, and granite countertops. Apartment #4 includes an oven/range, dishwasher, microwave, refrigerator, and Formica countertops. The attic offers two storage spaces that can be rented out. Ample private parking is available. The property is a short walk to the NYC commuter bus and close to restaurants, shops, and community amenities such as a public pool, ball fields, and parks. Woodbury Common Premium Outlets is approximately a 10-minute walk or 3 minutes by car. The location is desirable to renters for its access to Monroe/Woodbury Schools, recreation, and proximity to NYC buses, major highways, and Metro North transportation, which is 3.4 miles away. Residents have access to the Monroe/Woodbury school district. The lot size is 0.4304 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Central Valley
    County
    Orange
    State
    New York
    Longitude
    -74.121837
    Latitude
    41.330815

    FAQs

    What type of property is this?
    Quadplex - Four apartments near NYC buses, highways, and Metro North.
    Where is this quadplex located?
    The property is located at 253 Route 32 Central Valley, NY.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Zoned Commercial‑Residential in a highly desirable location, offering diverse investment opportunities.; Four‑family property with existing rental income potential.; Convenient access to NYC commuter bus, major highways, and Metro North (3.4 miles), ideal for commuters.
    (845) 661-7481
    We can help!
    Listing Contact
    Michael P Mulligan
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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