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Multifamily Residential Development Site
For Sale
$2,850,000

3396 State Route 42, Monticello, NY 12701

Well-maintained multifamily property with newer roofs, recently paved walkways, and ample parking on 32+ acres with extensive frontage.

Property SizeContact for details
Days on Market66

Property Features for 3396 State Route 42

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $17,936
Listing Agency: Coldwell Banker Realty
Listed By: Gilda Z. Netz
Source: Exprealty
Added: Jun 18 Changed: Aug 20 Last Checked: Aug 21 at 1:07PM

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 Coldwell Banker Realty

Investment Insights

Based on property information with market context.

This well-maintained multifamily property is presented as turn-key, with buildings in excellent condition. The units are cared for, including newer roofs and recently paved walkways. The site also offers ample parking for tenants and guests.

Located at 3396 State Route 42 in the Monticello area, the property is described as a mixed-use opportunity with extensive frontage and approximately 32+ acres of grounds.

With the combination of existing income-producing residential buildings and significant acreage for expansion, this is positioned in the provided materials as a strong fit for investors seeking ongoing operations and future development planning.

Key Highlights

  • Well‑maintained multifamily property on approx. 32+ acres with extensive frontage
  • Newer roofs and recently paved walkways across the buildings
  • Ample parking for tenants and guests

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Garden Center Restaurant

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

Location Intelligence

Trade Area within ½ mile

7
Businesses Nearby

Demographics for 12701, NY

12,360
Population
7,188
Households
1.7
Avg Household Size
38
Median Age
23%
College-Educated
78%
High-School Grad
61.0 sq mi
ZIP Area
203
Density / Sq Mi
$56,601
Median Household Income
$35,918
Median Earnings
$989
Median Rent
$178,300
Median Home Value

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?
Apartment building - Well-maintained multifamily property with newer roofs, recently paved walkways, and ample parking on 32+ acres with extensive frontage.
Where is this apartment building located?
The property is located at 3396 State Route 42 Monticello, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Well‑maintained multifamily property on approx. 32+ acres with extensive frontage; Newer roofs and recently paved walkways across the buildings; Ample parking for tenants and guests
More about this property
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